CALCMONEY // MORTGAGE // DC
Calculate your monthly mortgage payment using District of Columbia-specific property tax rates, current average interest rates, and local median home prices.
Open Full Calculator$645,000
6.9%
0.56%
4%–10.75%
How today's 6.9% rate compares to recent years
| Period | 30-Yr Rate | vs. Today |
|---|---|---|
| 2026 (current) | 6.9% | — |
| 2024 avg | 7.32% | -0.42% |
| 2023 avg | 7.75% | -0.85% |
| 2022 peak | 7.58% | -0.68% |
| 2021 avg | 3.50% | +3.40% |
| 2020 avg | 3.30% | +3.60% |
Rate estimates based on Freddie Mac Primary Mortgage Market Survey national averages adjusted for District of Columbia market conditions. Actual rates vary by lender and borrower profile.
| Principal & Interest | $3,398 |
| Property Tax | $301 |
| Homeowners Insurance (est.) | $215 |
| Total Monthly Payment (PITI) | $3,914 |
$129,000
$707,416
$167,759/yr
The median home price in District of Columbia is $645,000, above the national median of $420,000. With a median household income of $90,800, the price-to-income ratio is 7.1x.
Property taxes in District of Columbia average 0.56% of assessed value. On the median home, that is $3,612 per year, or $301 per month added to your mortgage payment. This is well below the national average of 1.1%, giving District of Columbia homeowners a property tax advantage.
District of Columbia has a state income tax of 4%–10.75%. Factor this into your take-home pay when calculating how much mortgage you can afford.
The cost of living index in District of Columbia is 142 (national average = 100). Expect to pay more for groceries, transportation, and healthcare in addition to housing.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $516,000 loan saves $23,220 in interest over 30 years.
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