Washington D.C. Mortgage Calculator 2026

Calculate your monthly mortgage payment for a home in Washington D.C. (DC). The median home price in Washington D.C. is $643,000, with an effective property tax rate of 0.58% (ranked #37 nationally). Use our free calculator to compare FHA, VA, USDA, and conventional loan options with real Washington D.C. data.

Washington D.C. Property Tax Information

Washington D.C. has an effective property tax rate of 0.58%, ranking #37 among all 50 states. The median annual property tax is $4,180 ($348/month). Source: Tax Foundation 2025.

Washington D.C. Loan Limits 2026

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

Estimated Monthly Payment in Washington D.C.

For a median-priced home of $643,000 with 20% down ($128,600), at 6.5% interest over 30 years: estimated monthly principal and interest is $3,251, plus $348 in property taxes and approximately $125 in homeowner's insurance, for a total estimated payment of approximately $3,724/month.

Washington D.C. Closing Costs

Average closing costs in Washington D.C. are $17,545 (2.39% of purchase price), ranked #1 nationally. Washington D.C. charges a transfer tax on real estate transactions. Source: Bankrate/LodeStar 2025.

Washington D.C. Housing Market 2026

Home prices in Washington D.C. have increased 3.8% year-over-year. Average days on market: 25. Inventory level: low. Currently considered a seller's market.

Down Payment Assistance Programs in Washington D.C.

Washington D.C. offers 3 down payment assistance programs through DC Housing Finance Agency (DCHFA):

  • Home Purchase Assistance Program (HPAP) (forgivable loan): Interest-free, deferred loan. Highest DPA in the nation. - Up to Up to $202,000
  • Employer Assisted Housing Program (EAHP) (forgivable loan): For DC government employees. - Up to Up to $26,500
  • DC Open Doors (second mortgage): 0% interest second mortgage for first-time buyers. - Up to Up to 3.5% of loan amount

Contact DCHFA: https://www.dchfa.org | Phone: 202-777-1600

Did You Know About Washington D.C.?

  • DC has the highest closing costs in the nation ($17,545 average)
  • HPAP offers up to $202,000 in DPA - the most generous in the US
  • Transfer tax is 2.9% for properties over $400,000
  • Federal employment provides market stability

Frequently Asked Questions About Buying a Home in Washington D.C.

What is the average property tax rate in Washington D.C.?

The effective property tax rate in Washington D.C. is 0.58%, with a median annual tax of $4,180. This ranks #37 among all states.

What are the FHA loan limits in Washington D.C. for 2026?

The FHA loan floor in Washington D.C. 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 D.C.?

Average closing costs in Washington D.C. are $17,545, which is approximately 2.39% of the purchase price.

Are there first-time homebuyer programs in Washington D.C.?

Yes, Washington D.C. offers 3 down payment assistance programs through DC Housing Finance Agency, including grants, forgivable loans, and second mortgages.

Is Washington D.C. a good place to buy a home in 2026?

With a median home price of $643,000 and low inventory, Washington D.C. is currently a seller's market. Home prices have increased 3.8% 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.