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Mortgage Calculator &
Closing Costs: Seattle, WA

Mortgage payment estimates, closing cost breakdowns, and homebuying data for Seattle, Washington.

Median Home Price
$825K
Population
737K
Avg Monthly Rent
$2,450
Property Tax Rate
0.98%
Seattle vs Washington Median
The median home price in Seattle is $825,000, which is 42% above the Washington state median of $580,000.

Mortgage Calculator — Seattle, WA

Pre-filled with Seattle median home price and Washington tax/insurance rates. Adjust for your property.

$
$165,000
%
%
years
WA avg
%
$
Monthly Payment (PITI)
$4,978
Principal + Interest + Tax + Insurance + PMI
Principal & Interest
$4,172
per month
Taxes & Insurance
$807
per month
Total Interest Paid
$842K
over 30 years
Total Loan Cost
$1.5M
all payments
Payment Breakdown
Loan Amount$660,000
Principal & Interest$4,172
Property Taxes$674
Homeowners Insurance$133
Total Monthly PITI$4,978

Closing Costs — Seattle, WA

Estimated closing costs based on Washington rates and fees applied to Seattle prices.

$
%
Washington: Avg closing costs 1.4% of price. Transfer tax: 1.78%.
Estimated Closing Costs
$34,518
4.2% of purchase price
Lender Fees
$6,365
origination, underwriting
Third-Party
$5,575
appraisal, title, inspection
Government Fees
$14,685
transfer taxes, recording
Prepaids + Escrow
$7,893
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$5,940
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$4,425
Recording Fee$150
Transfer Tax$14,685
Prepaid Taxes (3 mo)$2,021
Prepaid Insurance (12 mo)$1,600
Prepaid Interest (15 days)$1,983
Escrow Reserves$2,288
Total Closing Costs$34,518

Buying a Home in Seattle, Washington

The median home price in Seattle is $825,000, 42% above the Washington state median of $580,000. With a population of 737,015, Seattle is a major metro area where home prices reflect strong demand and local economic factors.

Property taxes in Washington average 0.98% annually. This moderate property tax rate means a $825,000 home in Seattle would carry roughly $674/month in property taxes. Homeowners insurance in Washington runs approximately $1,600 per year. This is within the normal range nationally.

Average rent in Seattle is $2,450/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.

Seattle is a higher-cost market. At $825K median, buyers need significant savings or strong income. Down payment assistance through Washington's WSHFC Home Advantage program becomes especially important.

Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Seattle.
Rent vs Buy Calculator →
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