Mortgage on a $250K house in District of Columbia
$1,610 a month with 20% down — $1,345 principal and interest plus $140 property tax and $125 insurance.
District of Columbia's typical property tax is 0.67% of the home's value a year (U.S. average 0.9%), which adds $140 a month on a $250K home. The typical home in District of Columbia is worth $567,271, so $250K is 56% below the typical price.
$250K home in District of Columbia: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $50,000 | $200,000 | $1,345 | $0 | $265 | $1,610 | $69,000 |
| 10% down | $25,000 | $225,000 | $1,514 | $94 | $265 | $1,872 | $80,200 |
| 5% down | $12,500 | $237,500 | $1,598 | $99 | $265 | $1,962 | $84,100 |
| 3.5% down (FHA) | $8,750 | $245,472 | $1,651 | $111 | $265 | $2,027 | $86,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.67% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Where in District of Columbia does $250K buy a typical home?
No District of Columbia county has a typical home value within 15% of $250K.
0 of 1 District of Columbia counties tracked by Zillow have a typical home value at or below $250K. See all District of Columbia home prices.
Other prices in District of Columbia
Frequently asked questions
What is the mortgage on a $250K house in District of Columbia?
About $1,610 a month with 20% down at 7.11%: $1,345 principal and interest, $140 property tax and $125 insurance.
How much do I need to make to buy a $250K house in District of Columbia?
About $69,000 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $250K house in District of Columbia?
At District of Columbia's typical effective rate of 0.67%, about $1,679 a year. Rates vary by county and city — see the county pages.