FHA Loan Calculator — Washington
On the typical Washington home ($592,000), 3.5% down leaves a $571,280 base loan. The 1.75% upfront premium ($9,997) is financed, for a $581,277 loan, and annual MIP of 0.55% adds $265 a month for the life of the loan. Washington FHA limits run $541,287–$1,063,750 by county.
Washington has the 20th-lowest effective property tax rate of the 50 states at 0.75% — $947 less a year than the 0.91% state average on a $592,000 home. Homeowners insurance averages $1,753 a year, the 13th-lowest premium nationally and $967 less than the typical state.
Loan Parameters
Total Monthly Payment
$4,660
Principal & Interest + Taxes + Insurance
APR 7.761%
Total Interest
$815,153
Total Cost
$1,645,994
Advanced Parameters
FHA Mortgage Insurance Premium (MIP)
Annual MIP of 0.55% is billed monthly on the average balance of each loan year. With less than 10% down it lasts for the life of the loan; with 10% or more down it ends after 11 years. A 1.75% upfront premium is also added to the loan.
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
Full term
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | MIP | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $46,548 | $5,871 | $40,677 | $3,182 | $575,407 | $16,593 |
| Year 2 | $46,548 | $6,297 | $40,251 | $3,149 | $569,110 | $22,890 |
| Year 3 | $46,548 | $6,754 | $39,794 | $3,113 | $562,356 | $29,644 |
| Year 4 | $46,548 | $7,244 | $39,303 | $3,075 | $555,111 | $36,889 |
| Year 5 | $46,548 | $7,771 | $38,777 | $3,034 | $547,341 | $44,659 |
| Year 6 | $46,548 | $8,335 | $38,213 | $2,990 | $539,006 | $52,994 |
| Year 7 | $46,548 | $8,940 | $37,608 | $2,942 | $530,066 | $61,934 |
| Year 8 | $46,548 | $9,589 | $36,959 | $2,892 | $520,477 | $71,523 |
| Year 9 | $46,548 | $10,285 | $36,262 | $2,837 | $510,192 | $81,808 |
| Year 10 | $46,548 | $11,032 | $35,515 | $2,779 | $499,160 | $92,840 |
| Year 11 | $46,548 | $11,833 | $34,714 | $2,716 | $487,326 | $104,674 |
| Year 12 | $46,548 | $12,692 | $33,855 | $2,649 | $474,634 | $117,366 |
| Year 13 | $46,548 | $13,614 | $32,934 | $2,577 | $461,020 | $130,980 |
| Year 14 | $46,548 | $14,602 | $31,945 | $2,499 | $446,418 | $145,582 |
| Year 15 | $46,548 | $15,663 | $30,885 | $2,416 | $430,755 | $161,245 |
| Year 16 | $46,548 | $16,800 | $29,748 | $2,327 | $413,955 | $178,045 |
| Year 17 | $46,548 | $18,020 | $28,528 | $2,232 | $395,935 | $196,065 |
| Year 18 | $46,548 | $19,328 | $27,219 | $2,130 | $376,607 | $215,393 |
| Year 19 | $46,548 | $20,732 | $25,816 | $2,020 | $355,875 | $236,125 |
| Year 20 | $46,548 | $22,237 | $24,311 | $1,902 | $333,638 | $258,362 |
| Year 21 | $46,548 | $23,852 | $22,696 | $1,776 | $309,786 | $282,214 |
| Year 22 | $46,548 | $25,584 | $20,964 | $1,640 | $284,203 | $307,797 |
| Year 23 | $46,548 | $27,441 | $19,106 | $1,495 | $256,761 | $335,239 |
| Year 24 | $46,548 | $29,434 | $17,114 | $1,339 | $227,328 | $364,672 |
| Year 25 | $46,548 | $31,571 | $14,977 | $1,172 | $195,757 | $396,243 |
| Year 26 | $46,548 | $33,863 | $12,684 | $992 | $161,894 | $430,106 |
| Year 27 | $46,548 | $36,322 | $10,226 | $800 | $125,572 | $466,428 |
| Year 28 | $46,548 | $38,959 | $7,588 | $594 | $86,612 | $505,388 |
| Year 29 | $46,548 | $41,788 | $4,759 | $372 | $44,824 | $547,176 |
| Year 30 | $46,549 | $44,824 | $1,725 | $135 | $0 | $592,000 |
FHA Loan numbers for Washington
- Typical Washington home value
- $592,000
- 3.5% down ($20,720) · Zillow, August 31, 2026
- Loan amount
- $581,277
- Includes $9,997 financed UFMIP
- Estimated monthly payment
- $4,660
- APR 7.761%
- Washington property tax
- 0.75%
- $370/mo
- Homeowners insurance
- $1,753/yr
- $146/mo
- Upfront MIP (1.75%)
- $9,997
- Financed into the loan
- Annual MIP
- 0.55%
- $265/mo in year 1 · life of loan
- Washington FHA loan limit
- $541,287 – $1,063,750
- One-unit, by county
How much house can you afford in Washington with an fha loan?
Highest price where principal, interest, Washington property tax, insurance and FHA mortgage insurance (1.75% upfront premium financed, 0.55% annual MIP) stay within 28% of gross income —3.5% down, 30-year fixed at 7.03%. Other debts lower these numbers.
| Household income | Housing budget / mo | Max home price | Down payment | vs typical home |
|---|---|---|---|---|
| $40,000 | $933 | $103,000 | $3,605 | 17% |
| $50,000 | $1,167 | $133,000 | $4,655 | 22% |
| $60,000 | $1,400 | $164,000 | $5,740 | 28% |
| $75,000 | $1,750 | $210,000 | $7,350 | 35% |
| $100,000 | $2,333 | $286,000 | $10,010 | 48% |
| $125,000 | $2,917 | $363,000 | $12,705 | 61% |
| $150,000 | $3,500 | $439,000 | $15,365 | 74% |
FHA vs other loan types in Washington
$592,000 home, each program's typical minimum or default down payment, current average 30-year rate.
| Loan type | Down | Loan amount | Upfront fee | Monthly MI | Total / month | APR |
|---|---|---|---|---|---|---|
| Conventional | 10% · $59,200 | $532,800 | — | $320 PMI | $4,391 | 7.488% |
| FHA | 3.5% · $20,720 | $581,277 | UFMIP $9,997 | $265 MIP | $4,660 | 7.761% |
| VA | 0% · $0 | $604,728 | Funding fee $12,728 | $0 | $4,552 | 7.242% |
| JumboLoan is conforming (≤ $832,750) | 20% · $118,400 | $473,600 | — | $0 | $3,677 | 7.030% |
Washington high-cost counties (2026)
3 counties have a one-unit conforming limit above the $832,750 baseline. Loans up to these amounts are conforming, not jumbo.
- King County$1,063,750
- Pierce County$1,063,750
- Snohomish County$1,063,750
Frequently asked questions
What is the monthly payment on a $592,000 home with an fha loan in Washington?
Estimated $4,660 per month ($3,879 principal & interest, $370 property tax, $146 insurance, $265 FHA mortgage insurance) at 7.03% for 30 years, with 3.5% down. APR 7.761%.
What is the FHA loan limit in Washington for 2026?
Between $541,287 and $1,063,750 depending on the county for a one-unit home. $541,287 is the national FHA floor; counties with higher home prices get higher limits. Check your exact county on HUD's FHA mortgage limits lookup.
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Data sources & assumptions
- Freddie Mac Primary Mortgage Market Survey (PMMS) — Weekly average as of September 24, 2026
- Zillow Home Value Index (ZHVI), typical home value, all homes — Default home prices; typical value as of August 31, 2026
- FHFA 2026 Conforming Loan Limit Values (one-unit) — 2026 one-unit limits, 56 states & territories
- HUD FHA Mortgage Limits lookup — FHA floor $541,287; high-cost counties follow the conforming limit — confirm on HUD
- Effective statewide property tax rate (Tax Foundation, 2026 projections) — Statewide effective rate; county rates vary
- Average annual homeowners premium, $300K dwelling / $1K deductible (industry survey averages) — Statewide average premium
- HUD Mortgagee Letter 2023-05 (annual MIP schedule)
- HUD — FHA single family housing policy handbook 4000.1
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.