Mortgage on a $650K house in Washington
$4,262 a month with 20% down — $3,498 principal and interest plus $439 property tax and $325 insurance.
Washington's typical property tax is 0.81% of the home's value a year (U.S. average 0.9%), which adds $439 a month on a $650K home. The typical home in Washington is worth $587,533, so $650K is 11% above the typical price.
$650K home in Washington: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $130,000 | $520,000 | $3,498 | $0 | $764 | $4,262 | $182,700 |
| 10% down | $65,000 | $585,000 | $3,935 | $244 | $764 | $4,943 | $211,900 |
| 5% down | $32,500 | $617,500 | $4,154 | $257 | $764 | $5,176 | $221,800 |
| 3.5% down (FHA) | $22,750 | $638,227 | $4,293 | $287 | $764 | $5,345 | $229,100 |
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 $650K buy a typical home?
In these counties the typical home value is within 15% of $650K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Island County | $634,229 | 0.67% | $4,188 |
| Whatcom County | $607,644 | 0.7% | $4,201 |
| Jefferson County | $593,704 | 0.71% | $4,210 |
| Kitsap County | $579,133 | 0.77% | $4,241 |
| Skagit County | $576,374 | 0.79% | $4,251 |
| Snohomish County | $728,217 | 0.77% | $4,241 |
| Skamania County | $559,410 | 0.67% | $4,184 |
| Pierce County | $559,277 | 0.91% | $4,314 |
36 of 39 Washington counties tracked by Zillow have a typical home value at or below $650K. See all Washington home prices.
Other prices in Washington
Frequently asked questions
What is the mortgage on a $650K house in Washington?
About $4,262 a month with 20% down at 7.11%: $3,498 principal and interest, $439 property tax and $325 insurance.
How much do I need to make to buy a $650K house in Washington?
About $182,700 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $650K house in Washington?
At Washington's typical effective rate of 0.81%, about $5,271 a year. Rates vary by county and city — see the county pages.