District of Columbia Mortgage Calculator
Washington, DC has a moderate property tax rate (~0.62%) but high median home values near $720,000 produce meaningful annual bills.
The District of Columbia's effective property-tax rate runs near 0.62%, in line with the national mean, but median home values exceed $720,000. Annual tax bills average $4,500 despite the low percentage. DC's homestead deduction and senior tax relief programs can reduce bills for eligible owners. Insurance markets are competitive. Conventional conforming and jumbo loans both common; VA is widely used due to the military and federal workforce.
Mortgage Calculator
How Mortgage Calculations Work
Loan Amount
We calculate the principal by subtracting your down payment from the home price.
Monthly Payment
Using the loan amount, interest rate, and term, we calculate your fixed monthly payment.
Amortization
Each payment is split between principal and interest, with early payments going more toward interest.
What factors affect your mortgage payment?
- Home Price: The total purchase price of your property
- Down Payment: Large down payments reduce your loan amount and monthly payment
- Interest Rate: Higher rates mean higher monthly payments and more total interest
- Loan Term: Longer terms have lower monthly payments but more total interest
District of Columbia Mortgage: Median-Priced Home Example
| Item | Value | Notes |
|---|---|---|
| Median home value | $720,000 | Zillow ZHVI Q2 2026 |
| Loan (80% LTV) | $576,000 | 20% down avoids PMI |
| P&I (6.5% / 30yr) | $3,641/mo | 2026 baseline conforming rate |
| Property tax | $372/mo | 0.62% effective rate |
| Homeowners insurance | $125/mo | $1,500/yr (Urban flood risk; moderate climate.) |
| Total PITI | $4,138/mo | All-in monthly housing cost |
| Conforming loan limit | $832,750 | FHFA 2026 baseline |
Numbers are illustrative. Your rate, taxes, and insurance vary by county, credit score, and exact property. Use the calculator above to model your scenario.
District of Columbia Sources & References
- District of Columbia Department of Revenue / Tax Foundation: effective residential property-tax rate of 0.62%.
- Insurance Information Institute (III): average annual homeowners-insurance premium of $1,500 in District of Columbia.
- Zillow ZHVI Q2 2026: District of Columbia median home value $720,000.
- Federal Housing Finance Agency (FHFA): 2026 conforming loan limit of $832,750 for District of Columbia.
- FEMA National Risk Index: urban flood risk; moderate climate.
Verified accuracy
Cross-checked against authoritative formulas (IRS, NIST, ACM) and updated for 2025/2026 tax years and rates.
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Learn as you calculate
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Estimates only. Calculator results are for educational and planning purposes — not professional advice. For binding decisions on taxes, investments, health, or legal matters, consult a qualified professional.