Mortgage on a $300K house in Washington
$1,967 a month with 20% down — $1,614 principal and interest plus $203 property tax and $150 insurance.
Washington's typical property tax is 0.81% of the home's value a year (U.S. average 0.9%), which adds $203 a month on a $300K home. The typical home in Washington is worth $587,533, so $300K is 49% below the typical price.
$300K home in Washington: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $60,000 | $240,000 | $1,614 | $0 | $353 | $1,967 | $84,300 |
| 10% down | $30,000 | $270,000 | $1,816 | $113 | $353 | $2,282 | $97,800 |
| 5% down | $15,000 | $285,000 | $1,917 | $119 | $353 | $2,389 | $102,400 |
| 3.5% down (FHA) | $10,500 | $294,566 | $1,982 | $133 | $353 | $2,467 | $105,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.81% 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 Washington does $300K buy a typical home?
In these counties the typical home value is within 15% of $300K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Adams County | $304,595 | 0.79% | $1,961 |
| Okanogan County | $308,425 | 0.76% | $1,955 |
| Grays Harbor County | $314,086 | 0.8% | $1,964 |
| Lincoln County | $317,400 | 0.6% | $1,913 |
| Ferry County | $278,617 | 0.64% | $1,923 |
| Whitman County | $324,366 | 0.75% | $1,952 |
| Columbia County | $270,319 | 0.85% | $1,977 |
| Pacific County | $330,795 | 0.72% | $1,943 |
| Asotin County | $344,892 | 0.72% | $1,944 |
3 of 39 Washington counties tracked by Zillow have a typical home value at or below $300K. See all Washington home prices.
Other prices in Washington
Frequently asked questions
What is the mortgage on a $300K house in Washington?
About $1,967 a month with 20% down at 7.11%: $1,614 principal and interest, $203 property tax and $150 insurance.
How much do I need to make to buy a $300K house in Washington?
About $84,300 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $300K house in Washington?
At Washington's typical effective rate of 0.81%, about $2,433 a year. Rates vary by county and city — see the county pages.