Mortgage on a $600K house in Washington
$3,934 a month with 20% down — $3,229 principal and interest plus $405 property tax and $300 insurance.
Washington's typical property tax is 0.81% of the home's value a year (U.S. average 0.9%), which adds $405 a month on a $600K home. The typical home in Washington is worth $587,533, so $600K is right at the typical price.
$600K home in Washington: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $120,000 | $480,000 | $3,229 | $0 | $705 | $3,934 | $168,600 |
| 10% down | $60,000 | $540,000 | $3,633 | $225 | $705 | $4,563 | $195,600 |
| 5% down | $30,000 | $570,000 | $3,834 | $238 | $705 | $4,777 | $204,700 |
| 3.5% down (FHA) | $21,000 | $589,133 | $3,963 | $265 | $705 | $4,934 | $211,500 |
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 $600K buy a typical home?
In these counties the typical home value is within 15% of $600K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Jefferson County | $593,704 | 0.71% | $3,886 |
| Whatcom County | $607,644 | 0.7% | $3,878 |
| Kitsap County | $579,133 | 0.77% | $3,914 |
| Skagit County | $576,374 | 0.79% | $3,924 |
| Island County | $634,229 | 0.67% | $3,866 |
| Skamania County | $559,410 | 0.67% | $3,863 |
| Pierce County | $559,277 | 0.91% | $3,982 |
| Clark County | $541,704 | 0.82% | $3,939 |
| Chelan County | $531,212 | 0.71% | $3,886 |
| Thurston County | $521,378 | 0.88% | $3,967 |
34 of 39 Washington counties tracked by Zillow have a typical home value at or below $600K. See all Washington home prices.
Other prices in Washington
Frequently asked questions
What is the mortgage on a $600K house in Washington?
About $3,934 a month with 20% down at 7.11%: $3,229 principal and interest, $405 property tax and $300 insurance.
How much do I need to make to buy a $600K house in Washington?
About $168,600 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $600K house in Washington?
At Washington's typical effective rate of 0.81%, about $4,866 a year. Rates vary by county and city — see the county pages.