District of Columbia Mortgage Calculator
Estimate your monthly mortgage payment in District of Columbia with local property taxes built in. The typical District of Columbia home costs around $630,000, and the state's effective property-tax rate of 0.57% is below the U.S. average.
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Half your payment every 2 weeks = one extra payment a year.
Add an extra payment
Set an "extra payment / mo" above to see the impact here.
Enter an extra monthly amount to see how much interest you'd save.
Amortization schedule
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Property taxes in District of Columbia
District of Columbia's effective property-tax rate is about 0.57% of a home's value each year — lower than the U.S. average of 1.1%. On the state's median home price of $630,000, that works out to roughly $3,591/year ($299/month) added to your payment.
For the full formula and a worked example, see the main Mortgage Calculator.
Buying a home in District of Columbia
At a median price of $630,000, homes in District of Columbia are about 50% pricier than the U.S. median of $420,000. On a typical purchase with 20% down on a 30-year loan around 6.5%, the principal and interest comes to roughly $3,186/month. Adding District of Columbia's property tax of about $299/month brings the housing cost to around $3,485/month before homeowners insurance, any HOA dues and — if you put down less than 20% — PMI. Because District of Columbia's effective property-tax rate (0.57%) is below the national average, taxes here weigh more lightly on your monthly budget than in most states. Use the calculator above to swap in your own price, down payment and rate, and the local tax figure will adjust the total for you.