Calculate Your Washington Mortgage Payment
Our calculator is pre-filled with Washington's median home price and property tax rate. Adjust the numbers to match your situation.
Open Calculator with WA DefaultsMonthly Payment Breakdown for Washington
Here's what your monthly payment looks like on the median Washington home ($603,303) with 20% down at 6.67%, the current average 30-year rate:
Note: This estimate assumes 20% down payment ($120,661), no PMI. With less than 20% down, add $201-$402/month for PMI.
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Washington Property Taxes
Washington's effective property tax rate is 0.75%, which is below the national average of 0.89%. See how property taxes are calculated and how they compare across states.
Annual Property Tax on $603,303 Home
$4,525
($377/month escrowed)
Property Tax Rates by County
Property tax rates in Washington vary significantly by county, from 0.62% to 0.93%:
Lowest Rates
Highest Rates
No State Income Tax
Washington has no state income tax, which can offset higher property taxes and leave more money for your mortgage payment.
Buying a Home in Washington: Key Facts
- No state income tax, though capital gains over $278,000 are taxed at 7%
- Property tax rate of 0.75% is below the national average of 0.89%
- Highest median home price among these 20 states at $630,000
- EnergySpark program offers 0.25% rate discount for energy-efficient homes
Mortgage Calculators for Nearby States
Comparing homes across state lines? Check property taxes and home prices in neighboring states:
Washington First-Time Homebuyer Programs
Washington has 55 homebuyer assistance programs that can help with down payment and closing costs.
Home Advantage DPA
4% of first mortgage as second mortgage, due upon sale or after 30 years
Deferred LoanHouse Key Opportunity
Lower interest rates on FHA, VA, USDA for lower-income buyers
Low-Interest MortgageClark County DPA
Up to $60,000 in combined assistance ($45,000 county + $15,000 WSHFC)
Deferred LoanEligibility requirements typically include income limits, credit score minimums (usually 620+), and homebuyer education courses. Visit DownPaymentResource.com to search for programs you may qualify for.
Official resource: Washington State Housing Finance Commission. Visit for the latest program details, eligibility requirements, and application information.
Home Prices by City in Washington
Home prices and property taxes can vary significantly by city. The median home value of $603,303 is a statewide estimate.
| City | Median Home Price | Est. Monthly Payment* |
|---|---|---|
| Seattle | $780,000 | $4,702/mo |
| Spokane | $372,000 | $2,347/mo |
| Tacoma | $469,000 | $2,907/mo |
| Vancouver | $485,000 | $2,999/mo |
| Bellevue | $1,490,000 | $8,799/mo |
*20% down, 6.67% rate, 30-year fixed, includes property tax and insurance estimate.
Washington Mortgage FAQ
What is the property tax rate in Washington?
The average effective property tax rate in Washington is 0.75%. On a $603,303 home, that's approximately $4,525 per year or $377 per month added to your mortgage payment.
What is the median home value in Washington?
The median home value in Washington is $603,303 as of 2026-06-01. Prices vary by location - Seattle and Spokane typically have higher prices than rural areas.
Are there first-time homebuyer programs in Washington?
Yes, Washington has 55 homebuyer assistance programs. Popular options include Home Advantage DPA, which offers 4% of first mortgage as second mortgage, due upon sale or after 30 years.
How much do I need to buy a house in Washington?
For the median Washington home ($603,303), you'd need $120,661 for a 20% down payment, plus $18,099-$30,165 for closing costs. With down payment assistance, you could potentially buy with as little as $21,116 (3.5% FHA down payment).
Are there special first-time home buyer programs unique to Washington?
Yes, the Washington State Housing Finance Commission offers several programs including Home Advantage DPA (3-5% down payment assistance), Opportunity DPA (up to $15,000), and HomeChoice (up to $15,000 for buyers with disabilities). Clark County residents can access up to $60,000 in combined assistance.
How does Washington's lack of state income tax affect mortgage affordability?
Washington has no state income tax, which increases your take-home pay and helps with mortgage qualification. However, this is partially offset by higher property taxes and home prices. You'll need an income of approximately $183,000 to qualify for a mortgage at Washington's median home price of $630,000.
What are the conforming loan limits in expensive Washington counties?
For 2026, King, Pierce, and Snohomish counties have a conforming loan limit of $1,063,750 for single-family homes, significantly higher than the national baseline of $832,750. This allows buyers in the Seattle metro area to access conventional financing without requiring jumbo loans.
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