District of Columbia Mortgage Calculator
Calculate your monthly mortgage payment in District of Columbia. Pre-filled with District of Columbia's average property tax rate of 0.57%. See principal, interest, PMI, property taxes, and insurance.
$70,000
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See how this mortgage fits your financial plan
Your estimated payment is $2,036/month. See how it fits alongside your income, savings, investments, and other expenses over time.
Try the Full SimulatorDistrict of Columbia Housing Overview
District of Columbia has an average property tax rate of 0.57%. The D.C. metro area has a cost of living approximately 38% above the national average, driven by housing costs.
Buying a Home in District of Columbia
If you're considering buying a home in District of Columbia, understanding the local housing market and costs is essential. Property taxes, insurance rates, and home prices vary significantly by area within the state. This calculator pre-fills District of Columbia's average property tax rate of 0.57% to give you a more accurate estimate.
District of Columbia Property Taxes
District of Columbia has an average effective property tax rate of 0.57%. Property taxes are a significant component of your monthly housing cost — on a $350,000 home, a 0.57% rate means approximately $1995 per year, or $166 per month in property taxes alone.
Cost of Living in District of Columbia
The D.C. metro area has a cost of living approximately 38% above the national average, driven by housing costs. When evaluating whether to buy a home in District of Columbia, consider how your mortgage payment plus other housing costs fit within the recommended 28% of gross income guideline.
Financial Tips for District of Columbia Homebuyers
- D.C.'s top rate of 10.75% is among the highest in the nation — maximize pre-tax deductions
- Federal government jobs in D.C. offer strong benefits that offset higher taxes
- D.C. has a PFML payroll tax — factor this into your total tax burden
- Consider living in Virginia or Maryland for potentially lower state taxes while working in D.C.
Key District of Columbia Features
- Progressive rates up to 10.75%
- PFML payroll tax
- High concentration of federal jobs
- No state representation in Congress
See How Your District of Columbia Mortgage Fits Your Financial Plan
This calculator shows your District of Columbia mortgage payment. Trajectoryy's full simulator shows how that payment fits alongside your income, taxes, savings, investments, and more.
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