Washington DC, DC variant. This is a Washington DC, DC-specific version of the Mortgage Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Mortgage Calculator.
Washington DC's $670,000 median home and 0.56% property tax make for a distinctive mortgage payment. High-cost metros front-load the principal-and-interest portion.
Mortgage payment in Washington DC
On the $670,000 median home with 20% down ($134,000), you'd finance $536,000. At 6.5% over 30 years, P&I ≈ $3,388/month.
Add Washington DC's 0.56% property tax (≈ $313/month) plus insurance for the all-in payment.
About Washington DC, DC
Washington, DC levies its own district income tax on residents, separate from any state income tax.
Washington, DC is a high-cost housing market, with elevated home prices and rents reflecting strong demand in the capital region.
Washington, DC's economy is centered on the federal government, along with law, lobbying, and professional services.
Worked example: $670,000 Washington DC home
Loan $536,000 at 6.5% for 30 years → $3,388/mo P&I. Property tax ≈ $313/mo. Total before insurance ≈ $3,701/mo.
Quick reference
- Median home value: $670,000
- Median rent: $2,700/mo
- Median household income: $101,027
- Local sales tax: 6%
- Effective property tax rate: 0.56%
- Cost of living index: 153 (US avg = 100)
Frequently Asked Questions
How much is a mortgage in Washington DC?
About $3,388/month P&I on the $670,000 median home with 20% down at 6.5%.
What is the property tax rate in Washington DC?
About 0.56% of home value per year.