Mortgage on a $350K house in Washington
$2,295 a month with 20% down — $1,884 principal and interest plus $237 property tax and $175 insurance.
Washington's typical property tax is 0.81% of the home's value a year (U.S. average 0.9%), which adds $237 a month on a $350K home. The typical home in Washington is worth $587,533, so $350K is 40% below the typical price.
$350K home in Washington: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $70,000 | $280,000 | $1,884 | $0 | $412 | $2,295 | $98,400 |
| 10% down | $35,000 | $315,000 | $2,119 | $131 | $412 | $2,662 | $114,100 |
| 5% down | $17,500 | $332,500 | $2,237 | $139 | $412 | $2,787 | $119,400 |
| 3.5% down (FHA) | $12,250 | $343,661 | $2,312 | $155 | $412 | $2,878 | $123,300 |
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 $350K buy a typical home?
In these counties the typical home value is within 15% of $350K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Yakima County | $348,119 | 0.79% | $2,290 |
| Asotin County | $344,892 | 0.72% | $2,268 |
| Grant County | $355,493 | 0.78% | $2,286 |
| Stevens County | $367,926 | 0.59% | $2,230 |
| Pend Oreille County | $368,749 | 0.58% | $2,228 |
| Pacific County | $330,795 | 0.72% | $2,267 |
| Whitman County | $324,366 | 0.75% | $2,277 |
| Lincoln County | $317,400 | 0.6% | $2,232 |
| Grays Harbor County | $314,086 | 0.8% | $2,292 |
| Okanogan County | $308,425 | 0.76% | $2,280 |
| Adams County | $304,595 | 0.79% | $2,288 |
| Wahkiakum County | $395,938 | 0.6% | $2,234 |
11 of 39 Washington counties tracked by Zillow have a typical home value at or below $350K. See all Washington home prices.
Other prices in Washington
Frequently asked questions
What is the mortgage on a $350K house in Washington?
About $2,295 a month with 20% down at 7.11%: $1,884 principal and interest, $237 property tax and $175 insurance.
How much do I need to make to buy a $350K house in Washington?
About $98,400 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $350K house in Washington?
At Washington's typical effective rate of 0.81%, about $2,838 a year. Rates vary by county and city — see the county pages.