Washington Mortgage Calculator 2026

Calculate your monthly mortgage payment for a home in Washington (WA). The median home price in Washington is $630,000, with an effective property tax rate of 0.84% (ranked #24 nationally). Use our free calculator to compare FHA, VA, USDA, and conventional loan options with real Washington data.

Washington Property Tax Information

Washington has an effective property tax rate of 0.84%, ranking #24 among all 50 states. The median annual property tax is $4,361 ($363/month). Source: Tax Foundation 2025.

Washington Loan Limits 2026

FHA loan limit in Washington: $524,225 (floor) to $1,209,750 (ceiling for high-cost areas). Conforming loan limit: $806,500 (baseline) to $1,209,750 (ceiling). Washington has designated high-cost areas with higher limits.

Estimated Monthly Payment in Washington

For a median-priced home of $630,000 with 20% down ($126,000), at 6.5% interest over 30 years: estimated monthly principal and interest is $3,186, plus $363 in property taxes and approximately $125 in homeowner's insurance, for a total estimated payment of approximately $3,674/month.

Washington Closing Costs

Average closing costs in Washington are $5,995 (1.01% of purchase price), ranked #10 nationally. Washington charges a transfer tax on real estate transactions. Source: Bankrate/LodeStar 2025.

Washington Housing Market 2026

Home prices in Washington have increased 1.5% year-over-year. Average days on market: 22. Inventory level: low. Currently considered a seller's market.

Down Payment Assistance Programs in Washington

Washington offers 3 down payment assistance programs through Washington State Housing Finance Commission (WSHFC):

  • Home Advantage (second mortgage): 0% interest, deferred payment second mortgage. - Up to Up to 4% of loan amount
  • House Key Opportunity (second mortgage): Below-market rates for income-eligible buyers. - Up to Up to 4% of loan amount
  • HomeChoice (second mortgage): For buyers with disabilities or family members with disabilities. - Up to Up to 5% of purchase price

Contact WSHFC: https://www.wshfc.org | Phone: 206-464-7139

Did You Know About Washington?

  • Washington has no state income tax
  • Seattle area has high-cost loan limits
  • Real estate excise tax is 1.1-3% based on price
  • Tech industry (Amazon, Microsoft) drives Seattle market

Frequently Asked Questions About Buying a Home in Washington

What is the average property tax rate in Washington?

The effective property tax rate in Washington is 0.84%, with a median annual tax of $4,361. This ranks #24 among all states.

What are the FHA loan limits in Washington for 2026?

The FHA loan floor in Washington is $524,225 and the ceiling is $1,209,750 for high-cost areas. The conforming loan limit baseline is $806,500.

How much are closing costs in Washington?

Average closing costs in Washington are $5,995, which is approximately 1.01% of the purchase price.

Are there first-time homebuyer programs in Washington?

Yes, Washington offers 3 down payment assistance programs through Washington State Housing Finance Commission, including grants, forgivable loans, and second mortgages.

Is Washington a good place to buy a home in 2026?

With a median home price of $630,000 and low inventory, Washington is currently a seller's market. Home prices have increased 1.5% over the past year.

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Data last updated: 2025-11. This information is for educational purposes only and should not be considered financial advice.