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District of Columbia Mortgage Calculator

Estimate your monthly mortgage payment in District of Columbia, pre-loaded with the state's 0.55% average property tax rate and local insurance costs.

Median home price
$630,000
Avg property tax
0.55%
Avg insurance
$1,300/yr
$630,000
$126,000 (20%)

20%+ — no PMI

6.75%
Loan term
Taxes, insurance & fees
%
$
%
$

Estimated monthly payment

$3,666

on a $504,000 loan

Monthly$3,666
  • Principal & interest$3,269
  • Property tax$289
  • Home insurance$108
Loan amount
$504,000
Down payment
20%
Total interest
$672,816
Total of payments
$1,176,816

Buying a home in District of Columbia

Housing costs in District of Columbia are shaped by local property taxes, insurance, and home prices. With an average effective property tax rate of 0.55% and a median home price around $630,000, a typical buyer putting 20% down would finance roughly $504,000. Use the calculator above to model your own price, down payment, and rate — it already reflects District of Columbia's tax and insurance averages so your estimate is closer to reality.

Remember that these figures are statewide averages. Your county and city can have meaningfully different tax rates, and insurance premiums depend on your specific home. For the most accurate estimate, enter a quote from a licensed District of Columbia lender and your actual insurance and tax figures.

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District of Columbia mortgage FAQs

What is the average property tax rate in District of Columbia?

District of Columbia has an average effective property tax rate of about 0.55% of a home's value per year. On the state's indicative median home price of $630,000, that works out to roughly $3,465 per year, usually collected monthly through escrow.

How much is a mortgage payment in District of Columbia?

Your payment depends on the home price, down payment, interest rate, and term. We've pre-filled this calculator with District of Columbia's median home price of $630,000 and local tax and insurance estimates — adjust the sliders to match your situation.

Does this calculator include District of Columbia homeowners insurance?

Yes. We've defaulted to an indicative District of Columbia average of about $1,300 per year. Insurance varies by location, home age, and coverage, so enter a real quote for the most accurate estimate.