Washington Mortgage Calculator 2026
Calculate your monthly mortgage payment in Washington. Updated with 2026 Washington mortgage rates (6.2% avg), property tax (0.98%), and insurance. 10,000+ Washington homebuyers use this free calculator.
How to Use This Washington Mortgage Calculator
Enter your home price, down payment, and interest rate to instantly calculate your monthly mortgage payment in Washington. Results include Principal & Interest (P&I), Property Tax, Homeowners Insurance, and total interest paid.
Washington Mortgage Rates in 2026
The average mortgage rate in Washington is currently 6.2% for a 30-year fixed-rate loan. Rates typically range from 5.9% to 6.5% depending on your credit score and down payment.
Washington Property Taxes
Washington has an effective property tax rate of approximately 0.98% per year, lower than the national average.
Average Home Price in Washington
The median home price in Washington is approximately $580,000. At 20% down ($116,000), your loan amount is $464,000. Monthly P&I at 6.2% is approximately $2,841.
30-Year vs 15-Year Mortgage in Washington
| Loan Type | Monthly P&I | Total Interest |
|---|---|---|
| 30-Year Fixed @ 6.2% | $2,841 | $558,760 |
| 15-Year Fixed @ 6.2% | $3,965 | $249,700 |
Popular Cities in Washington
Frequently Asked Questions
What is the average mortgage rate in Washington?
As of 2026, average Washington mortgage rates range from 5.9% to 6.5% for a 30-year fixed-rate loan.
How much down payment do I need in Washington?
Most lenders require 3-20% down. Conventional loans need 5-20%, FHA loans accept as little as 3.5%.
Are property taxes high in Washington?
Washington has an effective property tax rate of approximately 0.98% annually.
What is PMI?
PMI is required if down payment is less than 20%. Once you reach 20% equity, you can request cancellation.
What documents do I need for a Washington mortgage?
Pay stubs, W-2s or tax returns (2 years), bank statements (3 months), valid ID, and debt details.
How long does mortgage approval take in Washington?
Mortgage approval in Washington typically takes 30-45 days from application to closing.