Olympia, Washington Mortgage Calculator - Monthly Payment with Taxes, PMI & Insurance
Olympia inherits the Thurston County property-tax planning benchmark of about 1.05% for this south Puget Sound capital-area market under Thurston County levies. On a $400,000 Olympia example with 20% down at 6.5% for 30 years, principal and interest are about $2,023; tax escrow is about $350/mo, for estimated PITI near $2,473 before PMI. Confirm the parcel's overlapping districts before treating escrow as final.
Loan Details
$70,000 · LTV 80%
Buyer Profile
Extra Payment
Optional principal-only payment used to estimate payoff speed and interest savings.
Monthly Payment
$1,770 Principal & Interest · $306 Property Taxes · $125 Other
Methodology and limitations
Last reviewed:
Methodology
Uses standard principal-and-interest mortgage math, then models housing-cost inputs such as tax, insurance, PMI, and extra-payment scenarios where available. National pages include worked PITI, term, and PMI comparison examples for planning.
Limitations
Planning estimate only. Actual approval, escrow, PMI, fees, taxes, insurance, and closing disclosures depend on lender, property, borrower profile, and local rules.
Olympia, Washington Mortgage Calculator - Monthly Payment with Taxes, PMI & Insurance
Washington · Thurston County
Olympia inherits the Thurston County property-tax planning benchmark of about 1.05% for this south Puget Sound capital-area market under Thurston County levies. On a $400,000 Olympia example with 20% down at 6.5% for 30 years, principal and interest are about $2,023; tax escrow is about $350/mo, for estimated PITI near $2,473 before PMI. Confirm the parcel's overlapping districts before treating escrow as final.
Use this mortgage calculator for Olympia, Washington to estimate the monthly payment with principal, interest, configured annual taxes, eligible exemptions, and assistance programs when the buyer profile matches the conditions.
What This Estimate Uses
- Geographic level: city
- Configured property tax rate: 1.05%
- Configured benefits or exemptions: 1
- Reviewed sources: 3
What Changes in Olympia, Washington
- Data level used: city. This page uses the most specific available data layer for Olympia, Washington.
- Configured combined annual property tax rate: 1.05% before exemptions and buyer-specific conditions are applied.
Local Tax Assumptions
These are the annual tax assumptions configured for this page. The calculator applies them to the appropriate value, then accounts for exemptions or conditions when the buyer selects them.
- Washington Local Property Tax - 1.050%
Programs and Exemptions Included
These benefits do not mean automatic approval. The calculator models them when the buyer inputs match the configured eligibility conditions.
- Mortgage Credit Certificate (MCC) - 20% of mortgage interest (requires: first-time buyer, primary residence, buyer has a Mortgage Credit Certificate)
When This Estimate Can Change
- The actual property tax bill depends on the address, overlapping taxing jurisdictions, approved exemptions, and appraised value.
- Home insurance, flood insurance, HOA dues, and PMI can vary by property, lender, and buyer profile.
- Configured closing costs include Washington Real Estate Excise Tax, but other settlement charges may appear on a real loan estimate.
2025 Local Home-Purchase Mortgage Market in Thurston County, Washington
Local home-purchase mortgage market context for Thurston County, Washington: in 2025 Home Mortgage Disclosure Act (HMDA) data, Thurston County logged 4,886 final-action applications. The mortgage denial rate was 6.49% and the originated share was 72.66%.
These figures reflect the county market, not the city alone.
| Metric | Thurston County | State |
|---|---|---|
| Final-action applications | 4,886 | 119,193 |
| Mortgage denial rate | 6.49% | 6.76% |
| Originated share | 72.66% | 72.13% |
Source: FFIEC HMDA 2025 (LAR modificado, compra de vivienda) · Texas vs California mortgage denial rates (methodology)
Nearby location comparison
Planning comparison on a $400,000 home with 20% down, 6.5% fixed for 30 years, and $100/mo insurance. Monthly tax uses each page's configured property tax rate.
| Location | Est. property tax rate | Est. monthly tax | Est. monthly PITI |
|---|---|---|---|
| Olympia (this page) | 1.05% | $350 | $2,473 |
| Clark County | 1.05% | $350 | $2,473 |
| King County | 0.85% | $283 | $2,406 |
| Pierce County | 1.10% | $367 | $2,489 |
| Snohomish County | 0.90% | $300 | $2,423 |
| Spokane County | 1.10% | $367 | $2,489 |
Local Data and Sources
Last editorial verification: May 15, 2026. This page combines the official data layers configured for Olympia, Washington.
The sources used on this page are Consumer Financial Protection Bureau mortgage cost guidance, Washington Department of Revenue property tax statistics, Washington Department of Revenue property tax levies. Each source lists which rate, exemption, or program it validates and when it was last reviewed.
- Consumer Financial Protection Bureau mortgage cost guidance - verified May 3, 2026 - General U.S. mortgage closing-cost and mortgage-cost guidance.
- Washington Department of Revenue property tax statistics - verified May 15, 2026 - Official source for Washington property-tax levy, collection, assessed-value, and tax-rate statistics.
- Washington Department of Revenue property tax levies - verified May 15, 2026 - Official source for Washington levy administration and levy-rate limits.
Frequently Asked Questions
Does Washington have one statewide property tax rate?
No. Washington property taxes depend on local levy districts, including schools, county, city, fire, and other districts. Use this state mortgage calculator to combine that assumption with principal, interest, insurance, and PMI, then drill into county or city pages when you have a specific address.
What Washington transfer tax is modeled?
The state page uses a baseline Washington real estate excise tax estimate. Actual REET can vary by sale price tier and local add-ons. Use this state mortgage calculator to combine that assumption with principal, interest, insurance, and PMI, then drill into county or city pages when you have a specific address.
What is a sample Washington PITI on $400,000?
With 20% down at 6.5% for 30 years, principal and interest are about $2,023. At ~0.95% statewide property-tax planning rate, monthly escrow is about $317; with $100 insurance, estimated PITI is about $2,440 without PMI. Drill into county or city calculators for address-level millage.
Why include Thurston County?
Thurston County captures Olympia, Lacey, Tumwater, and the south Puget Sound commute market. Use this county mortgage calculator to combine that local assumption with principal, interest, insurance, and PMI so your monthly PITI estimate is closer to a full housing payment before you talk to a lender.
What property tax rate does the Thurston County mortgage calculator use?
Thurston County uses a local planning benchmark of about 1.05% on this page. On a $400,000 home that is roughly $4,200 per year or $350 per month in escrow before exemptions or special districts. Parcel bills can still differ—verify the levy code on the address you are buying.
What is a sample Thurston County PITI on $400,000?
With 20% down at 6.5% for 30 years, principal and interest are about $2,023. At ~1.05% property tax, monthly escrow is about $350; with $100 insurance, estimated PITI is about $2,473 without PMI. Enter your real price and down payment above to resize the estimate, including PMI if you put less than 20% down.
Do overlapping levies change Thurston County bills?
Yes. Thurston County's ~1.05% planning benchmark can sit under city, school, port, and voter-approved levies. Use this PITI estimate as a baseline, then confirm the levy code on the county parcel record. Use this county mortgage calculator to combine that local assumption with principal, interest, insurance, and PMI so your monthly PITI estimate is closer to a full housing payment before you talk to a lender.
What property tax rate does the Olympia mortgage calculator use?
Olympia uses the Thurston County planning benchmark of about 1.05% on this page. On a $400,000 home that is roughly $4,200 per year or $350 per month in escrow before exemptions or special districts. Parcel bills can still differ—verify the local levy code on the address you are buying.
What is a sample Olympia PITI on $400,000?
With 20% down at 6.5% for 30 years, principal and interest are about $2,023. At ~1.05% property tax, monthly escrow is about $350; with $100 insurance, estimated PITI is about $2,473 without PMI. Enter your real price and down payment above to resize the estimate, including PMI if you put less than 20% down.
What should Olympia buyers know about local taxes?
Olympia inherits Thurston County's ~1.05% market benchmark for planning. Actual bills vary by city, school, and voter-approved levies—use this PITI estimate as a baseline, then confirm the levy code on the Thurston County parcel record. Treat calculator results as planning estimates until you have a Loan Estimate and a parcel-specific tax bill.