CALCMONEY // MORTGAGE // WA // SEATTLE
Calculate your monthly mortgage payment using Seattle-specific property tax rates and local market data.
$780,000
6.9%
0.92%
152
| Principal & Interest | $4,110 |
| Property Tax | $598 |
| Homeowners Insurance (est.) | $260 |
| Total Monthly Payment (PITI) | $4,968 |
$156,000
$855,479
$212,900/yr
The median home price in Seattle is $780,000, above the national median of $420,000. With a median household income of $110,000, the price-to-income ratio is 7.1x — meaning buyers typically spend 7.1 years of gross income on the purchase price.
Property taxes in Seattle run 0.92% of assessed value. On the median home, that is $7,176 per year, or $598 per month added to your mortgage payment. This is close to the national average of 1.1%.
Washington has no state income tax, which means more of your gross salary becomes take-home pay. This effectively increases your purchasing power compared to income-tax states.
The cost of living index in Seattle is 152 (national average = 100). Expect to pay more for groceries, transportation, and services in addition to housing.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $624,000 loan saves $28,080 in interest over 30 years.
Compare Top Seattle Mortgage LendersNeighborhood-level data for 5 ZIP codes in Seattle. Rates, home prices, and estimated payments vary by area.