Mortgage on a $450K house in Washington
$2,951 a month with 20% down — $2,422 principal and interest plus $304 property tax and $225 insurance.
Washington's typical property tax is 0.81% of the home's value a year (U.S. average 0.9%), which adds $304 a month on a $450K home. The typical home in Washington is worth $587,533, so $450K is 23% below the typical price.
$450K home in Washington: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $90,000 | $360,000 | $2,422 | $0 | $529 | $2,951 | $126,500 |
| 10% down | $45,000 | $405,000 | $2,724 | $169 | $529 | $3,422 | $146,700 |
| 5% down | $22,500 | $427,500 | $2,876 | $178 | $529 | $3,583 | $153,600 |
| 3.5% down (FHA) | $15,750 | $441,849 | $2,972 | $199 | $529 | $3,700 | $158,600 |
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 $450K buy a typical home?
In these counties the typical home value is within 15% of $450K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Mason County | $447,199 | 0.73% | $2,920 |
| Benton County | $446,007 | 0.78% | $2,938 |
| Klickitat County | $469,127 | 0.62% | $2,879 |
| Lewis County | $428,499 | 0.67% | $2,898 |
| Spokane County | $419,205 | 0.84% | $2,960 |
| Cowlitz County | $417,827 | 0.82% | $2,953 |
| Franklin County | $416,391 | 0.73% | $2,919 |
| Walla Walla County | $413,682 | 0.85% | $2,967 |
| Clallam County | $488,467 | 0.72% | $2,918 |
| Douglas County | $494,746 | 0.77% | $2,935 |
| Kittitas County | $494,987 | 0.71% | $2,915 |
| Wahkiakum County | $395,938 | 0.6% | $2,873 |
22 of 39 Washington counties tracked by Zillow have a typical home value at or below $450K. See all Washington home prices.
Other prices in Washington
Frequently asked questions
What is the mortgage on a $450K house in Washington?
About $2,951 a month with 20% down at 7.11%: $2,422 principal and interest, $304 property tax and $225 insurance.
How much do I need to make to buy a $450K house in Washington?
About $126,500 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $450K house in Washington?
At Washington's typical effective rate of 0.81%, about $3,649 a year. Rates vary by county and city — see the county pages.