Washington, DC Mortgage Calculator
Estimate your monthly mortgage payment in Washington including property taxes, homeowners insurance, PMI, and 2026 loan limits.
Local Home Values & Affordability
With a median home value of $640,000, Washington is 106% above the national median of $310,000 — placing it firmly in premium territory where careful loan-type selection matters.
A 20% down payment on a median Washington home requires $128,000 in cash — or $22,400 for an FHA-minimum 3.5% down payment. Buyers with less than 20% down will also need to budget for PMI or FHA MIP.
Property Tax in This Market
District of Columbia has one of the lowest property tax rates in our dataset at 0.56% — 49% below the national average of 1.10%. This keeps monthly PITI payments notably lower than in high-tax markets with comparable home values.
Based on the 0.56% effective rate and a median home value of $640,000, a typical homeowner in District of Columbia pays approximately $3,584 in annual property taxes — or $299 per month added to their mortgage payment.
Sources: Tax Foundation 2025
Homeowners Insurance Costs
Homeowners insurance in District of Columbia runs approximately $1,600/year ($133/month), in line with the national average of $1,600.
Premium quotes in District of Columbia typically range from $1,100 to $2,400 per year depending on home age, construction type, coverage limits, and your insurer. Always get multiple quotes.
Sources: NAIC 2024
Loan Limits & Financing Options
A buyer purchasing the median Washington home ($640,000) with FHA's minimum 3.5% down would borrow $617,600 — well within the $1,249,125 elevated FHA limit for this county. FHA financing is a viable option for most buyers here.
District of Columbia is designated a high-cost area by both FHFA and HUD, meaning local FHA and conforming limits are elevated above the national baseline. This expanded purchasing power is a meaningful benefit for buyers compared to most-of-the-country baseline markets.
With 20% down on a median-priced home, the loan amount of $512,000 stays $737,125 below the $1,249,125 conforming limit — giving buyers access to conventional Fannie/Freddie pricing without jumbo underwriting.
Sources: HUD ML 2025-23, FHFA 2026
Extra Monthly Payment
Estimated Monthly Payment
$3,821
Estimates are for educational purposes only and are not a loan offer or commitment to lend.
Loan Amount: $512,000
LTV: 0.01%
P&I Payment
$3,389
Total Interest
$708,102
over loan life
Payoff
30 yr
Closing Costs
$12,591–$23,503
est. range
Monthly Payment Breakdown
2026 Loan Limit Context
FHA Limit
$1,249,125
Conforming Limit
$1,249,125
Amortization Schedule
| Mo. | Payment | Principal | Interest | Balance | Total Interest |
|---|---|---|---|---|---|
| 1 | $3,389 | $424 | $2,965 | $511,576 | $2,965 |
| 2 | $3,389 | $426 | $2,963 | $511,150 | $5,928 |
| 3 | $3,389 | $429 | $2,960 | $510,721 | $8,889 |
| 4 | $3,389 | $431 | $2,958 | $510,290 | $11,847 |
| 5 | $3,389 | $434 | $2,955 | $509,856 | $14,802 |
| 6 | $3,389 | $436 | $2,953 | $509,420 | $17,755 |
| 7 | $3,389 | $439 | $2,950 | $508,981 | $20,705 |
| 8 | $3,389 | $441 | $2,948 | $508,540 | $23,653 |
| 9 | $3,389 | $444 | $2,945 | $508,096 | $26,598 |
| 10 | $3,389 | $446 | $2,943 | $507,649 | $29,541 |
| 11 | $3,389 | $449 | $2,940 | $507,200 | $32,481 |
| 12 | $3,389 | $452 | $2,938 | $506,749 | $35,419 |
2026 Loan Limits — District of Columbia, DC
| Limit Type | 2026 Limit | Note |
|---|---|---|
| FHA Loan Limit (1-unit) | $1,209,750 | Max loan for FHA-insured mortgage |
| Conforming Loan Limit (1-unit) | $1,209,750 | Fannie Mae / Freddie Mac eligible |
Source: HUD / FHFA. Data as of 2025-01-15.
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