What is the median home price in Washington?

Median home prices in Washington vary by location and market conditions. Use our calculator above to estimate your monthly payment based on current market values.

How do I get the best mortgage rate in Washington?

To get the best mortgage rate in Washington: improve your credit score to 740+, save for a 20% down payment, compare offers from multiple lenders, and consider paying points to lower your rate.

What credit score do I need to buy a house in Washington?

Conventional loans typically require 620+. FHA loans may accept 580 with 3.5% down. Higher scores qualify for better rates in Washington.

When should I refinance my Washington mortgage?

Consider refinancing when rates are 0.5%+ lower than your current rate, your credit has improved significantly, or you want to switch from an adjustable to fixed-rate mortgage.

Washington Mortgage Guide

Calculator, current rates, and local market insights for WA

Last Updated: May 1, 2026

Median Price

$601K

Property Tax

0.98%

0.12% below avg

Closing Costs

~2.5%

of loan amount

Market

Balanced Market

Calculate Your Washington Mortgage Payment

Pre-filled with Washington's median home price ($601,016) and property tax rate (0.98%). Adjust the values to match your situation.

Loan Calculator

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Property Details (optional)

Loan Type

PMI required if down payment is less than 20%. Automatically removed at 80% LTV.

Home Value

Down Payment

Loan Amount: $480,813

Loan AmountAuto

Interest Rate

Term (Years)

Frequency

Start Date

Payment Amount (optional)

Escrow & Additional Costs (monthly)Total: $491/mo

Property Taxes

Insurance

PMI

HOA Fees

Ready to Calculate

Enter your loan details and click calculate to see your payment breakdown

Washington Mortgage Rates

Compare today's mortgage rates from top lenders in Washington.

Purchase Rates

Compare rates for buying a home in Washington.

View Purchase Rates

Refinance Rates

Compare rates for refinancing your Washington mortgage.

View Refinance Rates

What Affects Your Washington Mortgage Rate?

Credit Score

Higher scores get better rates

Down Payment

20%+ avoids PMI

Property Type

Primary homes get best rates

Loan Term

15-year has lower rates

Refinancing in Washington

See if refinancing could lower your monthly payment or help you pay off your mortgage faster.

Good Time to Refinance

Current rates are 0.5%+ lower than your rate
Your credit score has improved significantly
You want to switch from ARM to fixed-rate
You plan to stay in your home 3+ more years

Consider Waiting If

Rate difference is less than 0.5%
You plan to sell within 2 years
Closing costs exceed potential savings
Your credit score has dropped

Refinancing costs typically range from 2-6% of your loan amount. Calculate your break-even point to ensure savings outweigh costs.

Compare Washington Refinance Rates

Washington Housing Market

Median Home Price

$601,016

Property Tax Rate

0.98%

First-Time Buyer Programs

Frequently Asked Questions About Washington Mortgages

Explore Other State Mortgage Guides

Compare mortgage rates, programs, and market insights across the most populated states.

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Affiliate Disclosure: AmCalc may receive compensation when you click on links to partner sites. This does not affect our editorial content or the rates you receive. All rates and terms are subject to lender approval.

Disclaimer: This calculator provides educational estimates only and does not constitute financial, legal, or tax advice. State-specific information is for general reference and may not reflect your individual situation. Actual loan terms, costs, and savings vary by lender, credit profile, and market conditions. Tax laws are complex and change frequently. Consult qualified professionals for personalized guidance.