Washington Down Payment Calculator 2026 — How Much to Save
Last updated: April 2026 · Source: Zillow, Freddie Mac, Tax Foundation
Quick Answer
For the Washington median home price of $570,000, you need: $17,100 for a 3% conventional loan, $19,950 for FHA (3.5%), $57,000 for 10% down (lower PMI), or $114,000 for 20% (no PMI). VA and USDA loans offer 0% down for eligible buyers.
Washington Housing & Mortgage Data
| Median Home Price | $570,000 |
| 30-Year Fixed Rate | 6.95%(State average, Apr 2026) |
| Property Tax Rate | 0.84%(Effective rate) |
| Avg HO Insurance | $1,200/yr ($100/mo) |
| Typical Down Payment | 12% ($68,400) |
| Median Household Income | $84,000/yr |
Key Facts for Washington
- ✓Washington median home price is $570,000 as of 2026
- ✓30-year fixed mortgage rates in Washington average 6.95%
- ✓Property taxes in Washington are 0.84% — near the national average of 1.10%
- ✓Homeowners insurance averages $1,200/year in Washington
- ✓A household earning $142,500/year can typically afford the median Washington home
More Washington Calculators
Frequently Asked Questions — Down Payment Calculator in Washington
- Are there down payment assistance programs in Washington?
- Yes. Washington offers state-level down payment assistance (DPA) programs through its Housing Finance Agency. Programs typically offer 2–5% of the purchase price as a forgivable grant or low-interest second loan for first-time buyers who meet income and purchase price limits. Search "Washington Housing Finance Agency" for current programs.
- Is a 20% down payment required to buy a home in Washington?
- No. The 20% down payment is a myth. Conventional loans start at 3% down, FHA loans at 3.5% down, and VA/USDA loans offer 0% down for eligible buyers. The tradeoff: anything below 20% requires PMI on a conventional loan. On a $570,000 home, 20% down is $114,000 vs $17,100 for 3% down.
- What is the average mortgage payment in Washington?
- The average monthly mortgage payment (principal + interest) in Washington is approximately $3,320 for a $501,600 loan at 6.95% over 30 years. Adding property tax ($399/mo) and homeowners insurance ($100/mo) brings total PITI to about $3,819/month.
- What credit score do I need for a mortgage in Washington?
- Most Washington lenders require a minimum 620 credit score for conventional loans and 580 for FHA loans (with 3.5% down). For the best rates in Washington, aim for 740+. A higher score can reduce your rate by 0.5–1.0%, saving $75,240 over the life of a 30-year loan.
- How much down payment is required to buy a home in Washington?
- You can buy a home in Washington with as little as 0% down (VA, USDA loans for eligible buyers), 3% down (conventional), or 3.5% down (FHA). On the Washington median home price of $570,000, a 20% down payment is $114,000 and lets you avoid PMI. Washington also has state-level down payment assistance programs for first-time buyers.
- What are current mortgage rates in Washington?
- Current 30-year fixed mortgage rates in Washington average 6.95% as of April 2026. 15-year fixed rates are typically 0.5–0.75% lower. Rates vary by lender, credit score, and loan-to-value ratio. Compare at least 3–5 lenders to ensure you get the best Washington mortgage rate.
- What is the property tax rate in Washington?
- Washington's effective property tax rate is 0.84%. On the Washington median home value of $570,000, annual property taxes are approximately $4,788 ($399/month). Property taxes in Washington are typically escrowed in your monthly mortgage payment.