Cost of Ownership · Washington
The true cost of owning a home in Washington
For a median $564,600 home in Washington, here is the full monthly cost — not just the mortgage. Built from public data: the state's median home value and effective property-tax rate, its average homeowners premium, and the current 30-year rate. This is a representative example, not a quote.
Lender-approved payment
$3,926/mo
PITI + PMI
True monthly cost
$4,396/mo
everything, incl. upkeep
The gap
+$471/mo
what approval leaves out
Effective property-tax rate
0.81%
Avg. homeowners premium
$1,151/yr
NFIP flood claims on record
16,061
Closing costs in Washington
Median closing costs and lender origination charges on real home-purchase loans in Washington, from public CFPB HMDA data. Cells with fewer than 25 loans aren't shown.
Median total closing costs
$7,766
Typically $5,197–$12,793
Median origination charges
$4,936
Typically $1,982–$8,242
| Loan size | p25 | Median | p75 | Loans |
|---|---|---|---|---|
| All | $5,197 | $7,766 | $12,793 | 70,840 |
| All | $5,235 | $8,591 | $13,657 | 68,157 |
| < $250k | $4,095 | $5,361 | $7,186 | 5,450 |
| < $250k | $4,023 | $5,499 | $7,370 | 6,207 |
| $250k–$500k | $5,175 | $8,300 | $12,348 | 31,258 |
| $250k–$500k | $5,527 | $8,964 | $13,026 | 32,614 |
| $500k–$750k | $5,327 | $10,316 | $15,909 | 19,596 |
| $500k–$750k | $5,254 | $8,974 | $14,856 | 20,875 |
| > $750k | $5,686 | $7,139 | $13,860 | 13,257 |
| > $750k | $5,424 | $7,714 | $16,593 | 9,740 |
Compare your own Loan Estimate with the Loan Estimate Decoder, or see every state in the Fee & Rate Index.
Common questions about buying a home in Washington
- What are the median closing costs in Washington?
- Median total closing costs — lender and third-party charges — on a home-purchase loan in Washington are about $7,766, from public CFPB HMDA data. Cells with fewer than 25 loans are suppressed.
- What is the effective property-tax rate in Washington?
- The effective property-tax rate in Washington is about 0.81%, from the Census American Community Survey (median real estate taxes divided by median home value).
- What does a median home cost to own each month in Washington?
- A median $564,600 home in Washington costs about $4,396 a month to own — principal, interest, property tax, insurance, PMI, and a maintenance reserve — versus a lender-approved payment of about $3,926. Every figure is from public data.
These figures use Washington's median home value and a 10% down payment as a representative example. Your price, rate, and county rate will differ — run your own numbers in the True Cost tool, see how Washington ranks on property tax and insurance, or browse every state.