Home and mortgage

District of Columbia Mortgage Calculator

Your monthly mortgage payment in District of Columbia, with District of Columbia's effective property tax rate (0.58%) built in, at this week's average rate. The calculator starts at the state's median home value, $737,100.

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Home priceDown paymentInterest rateStarts at this week's national averageLoan termProperty taxA year, as a share of the price; about 1% is typical, varying widely by countyHome insurance a yearMortgage insurance (PMI)A year, on the loan, only below 20% downHOA dues a month

Monthly payment$4,520.11The answer

Monthly payment

$4,520.11

A $737,000 home with 20% down ($589,600 borrowed) at 7.18% over 30 years costs about $4,520 a month: $3,994 principal and interest plus $526 of tax, insurance and dues.

Principal and interest: $3,994.16
Tax, insurance, PMI and HOA: $525.95
Total interest over the loan: $848,296

Amortization by year: $589,600 at 7.18%

Year	Interest	Principal	Balance
1	$42,145.38	$5,784.49	$583,815.51
2	$41,716.11	$6,213.76	$577,601.76
3	$41,254.99	$6,674.88	$570,926.87
4	$40,759.64	$7,170.23	$563,756.64
5	$40,227.53	$7,702.34	$556,054.30
6	$39,655.94	$8,273.93	$547,780.37
7	$39,041.92	$8,887.95	$538,892.43
8	$38,382.34	$9,547.53	$529,344.90
9	$37,673.82	$10,256.05	$519,088.85
10	$36,912.71	$11,017.16	$508,071.69
11	$36,095.12	$11,834.75	$496,236.94
12	$35,216.85	$12,713.01	$483,523.92
13	$34,273.41	$13,656.45	$469,867.47
14	$33,259.96	$14,669.91	$455,197.56
15	$32,171.30	$15,758.57	$439,438.99
16	$31,001.85	$16,928.02	$422,510.97
17	$29,745.61	$18,184.26	$404,326.71
18	$28,396.14	$19,533.73	$384,792.98
19	$26,946.53	$20,983.34	$363,809.64
20	$25,389.35	$22,540.52	$341,269.12
21	$23,716.60	$24,213.27	$317,055.86
22	$21,919.72	$26,010.15	$291,045.71
23	$19,989.49	$27,940.38	$263,105.33
24	$17,916.02	$30,013.85	$233,091.49
25	$15,688.68	$32,241.19	$200,850.30
26	$13,296.04	$34,633.83	$166,216.47
27	$10,725.84	$37,204.03	$129,012.44
28	$7,964.91	$39,964.96	$89,047.48
29	$4,999.09	$42,930.78	$46,116.70
30	$1,813.17	$46,116.70	$0.00

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This week's mortgage rates

Monthly payment in District of Columbia by home price (20% down, 7%, 30 years, 0.58% tax, $2,000 insurance)

Home price	Principal and interest	Property tax	Total
$370,000	$1,969	$180	$2,316
$550,000	$2,927	$268	$3,362
$740,000	$3,939	$361	$4,466
$1,110,000	$5,908	$541	$6,616
$1,470,000	$7,824	$717	$8,707

How this calculator works

As the mortgage calculator, with District of Columbia's effective property tax rate from the Census Bureau's American Community Survey 2020–2024 5-year estimates: median taxes $4,312 ÷ median value $737,100.

Questions people ask

What is the mortgage payment on a median home in District of Columbia?

On $737,100 with 20% down at 7% over 30 years: about $3,923 principal and interest and $359 of property tax, $4,449 a month with $2,000 a year of insurance.

What is the median home value in District of Columbia?

$737,100 for owner-occupied homes (Census American Community Survey 2020–2024 5-year estimates), against $332,700 nationally.

How much is property tax in District of Columbia?

The effective rate is 0.58%, a median $4,312 a year. See District of Columbia's property tax page for every county we cover.

How much income do I need for a median District of Columbia home?

Under the 28% guideline, about $190,678 a year for the payment above; District of Columbia's median household income is $109,870.

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Updated Sep 30, 2026 by the RateHerald team. The maths is tested against worked examples; report a problem.