Mortgage on a $400K house in District of Columbia
$2,577 a month with 20% down — $2,153 principal and interest plus $224 property tax and $200 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 $224 a month on a $400K home. The typical home in District of Columbia is worth $567,271, so $400K is 29% below the typical price.
$400K 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 | $80,000 | $320,000 | $2,153 | $0 | $424 | $2,577 | $110,400 |
| 10% down | $40,000 | $360,000 | $2,422 | $150 | $424 | $2,996 | $128,400 |
| 5% down | $20,000 | $380,000 | $2,556 | $158 | $424 | $3,138 | $134,500 |
| 3.5% down (FHA) | $14,000 | $392,755 | $2,642 | $177 | $424 | $3,243 | $139,000 |
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 $400K buy a typical home?
No District of Columbia county has a typical home value within 15% of $400K.
0 of 1 District of Columbia counties tracked by Zillow have a typical home value at or below $400K. See all District of Columbia home prices.
Other prices in District of Columbia
Frequently asked questions
What is the mortgage on a $400K house in District of Columbia?
About $2,577 a month with 20% down at 7.11%: $2,153 principal and interest, $224 property tax and $200 insurance.
How much do I need to make to buy a $400K house in District of Columbia?
About $110,400 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $400K house in District of Columbia?
At District of Columbia's typical effective rate of 0.67%, about $2,686 a year. Rates vary by county and city — see the county pages.