Mortgage on a $400K house in Washington
$2,623 a month with 20% down — $2,153 principal and interest plus $270 property tax and $200 insurance.
Washington's typical property tax is 0.81% of the home's value a year (U.S. average 0.9%), which adds $270 a month on a $400K home. The typical home in Washington is worth $587,533, so $400K is 32% below the typical price.
$400K home in Washington: 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 | $470 | $2,623 | $112,400 |
| 10% down | $40,000 | $360,000 | $2,422 | $150 | $470 | $3,042 | $130,400 |
| 5% down | $20,000 | $380,000 | $2,556 | $158 | $470 | $3,185 | $136,500 |
| 3.5% down (FHA) | $14,000 | $392,755 | $2,642 | $177 | $470 | $3,289 | $141,000 |
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 $400K buy a typical home?
In these counties the typical home value is within 15% of $400K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Wahkiakum County | $395,938 | 0.6% | $2,554 |
| Walla Walla County | $413,682 | 0.85% | $2,637 |
| Franklin County | $416,391 | 0.73% | $2,594 |
| Cowlitz County | $417,827 | 0.82% | $2,625 |
| Spokane County | $419,205 | 0.84% | $2,631 |
| Lewis County | $428,499 | 0.67% | $2,576 |
| Pend Oreille County | $368,749 | 0.58% | $2,547 |
| Stevens County | $367,926 | 0.59% | $2,549 |
| Grant County | $355,493 | 0.78% | $2,613 |
| Benton County | $446,007 | 0.78% | $2,611 |
| Mason County | $447,199 | 0.73% | $2,596 |
| Yakima County | $348,119 | 0.79% | $2,617 |
15 of 39 Washington counties tracked by Zillow have a typical home value at or below $400K. See all Washington home prices.
Other prices in Washington
Frequently asked questions
What is the mortgage on a $400K house in Washington?
About $2,623 a month with 20% down at 7.11%: $2,153 principal and interest, $270 property tax and $200 insurance.
How much do I need to make to buy a $400K house in Washington?
About $112,400 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $400K house in Washington?
At Washington's typical effective rate of 0.81%, about $3,244 a year. Rates vary by county and city — see the county pages.