Mortgage on a $950K house in Washington
$6,230 a month with 20% down — $5,113 principal and interest plus $642 property tax and $475 insurance.
Washington's typical property tax is 0.81% of the home's value a year (U.S. average 0.9%), which adds $642 a month on a $950K home. The typical home in Washington is worth $587,533, so $950K is 62% above the typical price.
$950K home in Washington: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $190,000 | $760,000 | $5,113 | $0 | $1,117 | $6,230 | $267,000 |
| 10% down | $95,000 | $855,000 | $5,752 | $356 | $1,117 | $7,225 | $309,600 |
| 5% down | $47,500 | $902,500 | $6,071 | $376 | $1,117 | $7,564 | $324,200 |
| 3.5% down (FHA) | $33,250 | $932,793 | $6,275 | $420 | $1,117 | $7,812 | $334,800 |
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 $950K buy a typical home?
In these counties the typical home value is within 15% of $950K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| San Juan County | $897,256 | 0.53% | $6,009 |
| King County | $824,870 | 0.83% | $6,243 |
39 of 39 Washington counties tracked by Zillow have a typical home value at or below $950K. See all Washington home prices.
Other prices in Washington
Frequently asked questions
What is the mortgage on a $950K house in Washington?
About $6,230 a month with 20% down at 7.11%: $5,113 principal and interest, $642 property tax and $475 insurance.
How much do I need to make to buy a $950K house in Washington?
About $267,000 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $950K house in Washington?
At Washington's typical effective rate of 0.81%, about $7,704 a year. Rates vary by county and city — see the county pages.