Can I Afford It

Can I afford a house in Washington, D.C.?

Down payment
%

≈ $90,118 down

Interest rate6.70%
Loan term30 yrs

Ongoing housing costs

Estimated total

$2,326/mo

$
High risk100%
When is this due?
A two-story traditional craftsman-style house with a brick lower level and shake-style gable siding, a covered front porch with stone-based columns, and a fresh green lawn.

Washington, D.C. is one of the pricier states in the country - a Bureau of Economic Analysis regional price index of 109.9 against the 100 national average, about 10% higher overall - which is exactly what the starting home price below is adjusted for, instead of a flat national default.

Washington D.C. taxes income at graduated rates up to about 10.75% for the highest earners.

That makes it the 3rd most expensive state in the country by this measure, out of 51 - worth knowing before assuming a national-average mortgage payment applies here.

Cost of living comparison

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