Seattle, WA Mortgage Calculator
Calculate your monthly mortgage payment in Seattle, WA. Estimate principal, interest, property taxes, insurance, and HOA.
Estimates are based on typical housing cost data for the Seattle area. For informational purposes only.
Seattle Calculator
Estimate Your Monthly Payment in Seattle
Pre-filled with typical Seattle housing costs. Adjust inputs to match your scenario.
Loan Details
Based on current market rates
Taxes & Insurance
Annual
Annual
Additional Fees
Applied when down payment < 20%
Location
Used for local tax & insurance estimates
💡 The typical property tax rate in Seattle is: 1.03%
Estimated Monthly Payment
$2,780
Compare rates from multiple lenders
For a typical home in the Seattle area, your estimated monthly payment is $2,780.
Housing Costs in Seattle, Washington
Key housing cost data for homebuyers in the Seattle metro area.
Median Home Price
$825,000
+96% vs. national
Property Tax Rate
1.03%
National avg: 0.99%
Avg. Insurance
$1,650/yr
Annual premium estimate
Typical HOA Fees
$400/mo
Where applicable
Seattle's housing market is fueled by major tech employers and limited buildable land. The median home price far exceeds both the state and national averages, though the market has seen some stabilization recently.
vs. Washington Average
+43%
State median: $575,000
vs. National Average
+96%
National median: $420,000
Scenarios
Home Buying Scenarios in Seattle
Explore typical price ranges for homes in the Seattle market.
Entry-Level in Seattle
Est. Monthly Payment
$4,020/mo
Mid-Range in Seattle
Est. Monthly Payment
$5,220/mo
High-End in Seattle
Est. Monthly Payment
$7,850/mo
Dashboard
Affordability Insights
Key financial metrics based on your current scenario to help you plan ahead.
Recommended Income
$119,143/yr
Based on 28% housing ratio
Target DTI Ratio
≤ 36%
Recommended debt-to-income
Upfront Cash Needed
$97,750
Down payment + ~3% closing costs
5-Year Cost Snapshot
$166,800
Total payments over 60 months
Local Insights
Buying a Home in Seattle
Key considerations for homebuyers in the Seattle, WA market.
Market Position
Seattle's housing market is fueled by major tech employers and limited buildable land. The median home price far exceeds both the state and national averages, though the market has seen some stabilization recently.
Tax Characteristics
Washington has no state income tax, but property taxes in King County average around 1.03%. Special levies for schools and transit can push effective rates higher in some neighborhoods.
Insurance Considerations
Seattle homeowners benefit from relatively low insurance rates compared to other major metros, as the region faces minimal risk from hurricanes or wildfires within city limits.
Affordability
A household income of roughly $160,000 is recommended to afford the median-priced Seattle home while maintaining a healthy debt-to-income ratio.
Seattle Mortgage FAQ
Common questions about buying a home in Seattle, WA
Sarah Mitchell, CFP®
Certified Financial Planner · 12+ years in mortgage lending
Content reviewed for accuracy and compliance
Important Disclaimer
This calculator provides estimates only and is not a commitment to lend. Results are based on the information you provide and may not reflect all costs associated with obtaining a mortgage.
Rates, taxes, insurance premiums, and fees vary by lender, location, and individual borrower qualifications. Consult a licensed mortgage professional for exact loan terms and personalized advice.
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