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Mortgage Calculator — Seattle, WA
Median home price in Seattle: $740,000. Monthly payment: $3,939/month (20% down, 7%, 30yr). Property tax rate: 0.92%.
= $148,000
Monthly Payment
$3,939
Loan Amount
$592,000
Total Interest
$825,893
Total Cost
$1,565,893
Payment Breakdown
Down Payment$148,000 (9.5%)
Principal$592,000 (37.8%)
Total Interest$825,893 (52.7%)
Seattle Mortgage Payments by Rate
| Rate | 15-Year | 30-Year | Total Interest (30yr) |
|---|---|---|---|
| 5.5% | $4,837 | $3,361 | $618,072 |
| 6% | $4,996 | $3,549 | $685,762 |
| 6.5% | $5,157 | $3,742 | $755,063 |
| 6.75% | $5,239 | $3,840 | $790,292 |
| 7% | $5,321 | $3,939 | $825,893 |
| 7.25% | $5,404 | $4,038 | $861,854 |
| 7.5% | $5,488 | $4,139 | $898,166 |
| 8% | $5,657 | $4,344 | $971,799 |
Seattle Property Tax & Total Housing Cost
Property Tax Rate
0.92%
$6,808/year
Monthly P&I
$3,939
20% down, 7%, 30yr
Est. Total Monthly
$4,506
P&I + property tax
Affordability in Seattle
10% down ($74,000)$214,211/yr needed
15% down ($111,000)$203,661/yr needed
20% down ($148,000)$193,111/yr needed
25% down ($185,000)$182,561/yr needed
Based on 28% housing cost rule. Includes property tax.