Washington DC Home Loan Calculator

This calculator was created by John Downs, a mortgage loan officer with over 25 years of experience closing loans throughout Washington, DC, Virginia, and Maryland. After helping thousands of homebuyers navigate DC's unique costs and programs, John built this tool to provide the accurate, local calculations that generic calculators miss.

Unlike generic mortgage calculators that use rough estimates like "closing costs equal 3% of sale price," this Washington DC mortgage calculator includes the District's actual transfer tax rates (1.1% for properties under $400K, 1.45% above), DC first-time homebuyer tax reductions, precise local title insurance premiums, and accurate DC property tax estimates. No other online calculator accounts for these DC-specific costs.

Extremely accurate with a conservative bias - your actual costs will likely be slightly lower than shown here. Mortgage rates vary based on your credit score and financial profile, and Private Mortgage Insurance rates adjust for conventional loans. However, all DC closing costs, transfer taxes, and local fees are precisely calculated using current District rates.

This calculator automatically applies DC's First-Time Homebuyer Transfer Tax Reduction, reducing your transfer tax from the standard 1.1%/1.45% down to just 0.725% of the purchase price. When you select "First-Time Homebuyer" and your purchase price falls within DC's eligibility limits, you'll see instant savings of thousands of dollars in transfer taxes.

An official loan estimate from our DC mortgage specialists provides rates tailored to your exact credit score, down payment, debt-to-income ratio, and property type. For specific properties, we pull the actual DC tax records to calculate your precise property tax payment - no estimates.