WASHINGTON, DC MORTGAGE RATES / DISTRICT OF COLUMBIA
A home in the District.
A plan beyond the rate.
Compare the loan alongside District closing costs, assistance obligations and the ownership form you are buying.
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WASHINGTON, DC / THE MARKET IN CONTEXT
A place to start.
A home to investigate.
September 2026 Washington, D.C. · GCAAR reference · Source published 2026-10-12 · Checked October 25, 2026.
Washington, D.C. in the GCAAR District report; not the combined Washington metropolitan region or Montgomery County. Bright MLS residential report; the page does not separately break out each dwelling type. Dated report context, not an appraisal, live inventory, rate offer or forecast. Calculator examples are independent manual assumptions. Original market source ↗
Use the District report rather than a wider regional headline
GCAAR’s September District report shows a $660,000 median sold price, 398 closed sales and 3,041 active listings. Bright MLS statistics were calculated October 8; the September-report announcement is dated October 12. Keep those dates separate from the month observed and this guide’s review. The report does not split every dwelling type on that page. A rowhouse, condominium and co-op need their own comparisons; the series is neither a neighbourhood appraisal nor a rate quote. Original GCAAR District report ↗
Put this into my plan ↗Use the HPAP table’s closing date, not its webpage title
The DHCD webpage still carries “July 2026” in its title, but its currently linked table says it applies to HPAP loans closing after October 1, 2026. Confirm which table governs the intended closing instead of using the application date or Notice of Eligibility date. Household size and income affect the possible assistance, with funding and approval separately required. The document title and URL alone are not reliable evidence of an effective date. Retain the actual table and administrator’s explanation with the plan. Current linked HPAP assistance table ↗
Put this into my plan ↗Keep the HPAP second obligation in the future budget
DHCD distinguishes repayment arrangements by income category, including deferred payments for moderate-income households and no monthly payments for eligible lower-income households. Sale, certain refinances or loss of primary-residence use can bring the loan due. Ask for the actual agreement and any exception rather than treating assistance as a gift. A first-mortgage payment comparison does not calculate every HPAP obligation; keep the supported second-loan balance and later cash requirements beside it when comparing an exit or refinance. HPAP eligibility and repayment details ↗
Put this into my plan ↗Separate programme eligibility from reserved closing money
DHCD prioritizes District residents and says non-resident applications are processed only when no resident applications are pending. Programme eligibility, a notice and a funding commitment therefore answer different questions. Ask the administrator to confirm the applicable queue, current availability and transaction deadline before relying on assistance in a contract. Keep a separate plan for a delayed or unavailable allocation. This site does not approve applications, reserve funds or represent that a published programme maximum will be delivered to an enquiry. Official HPAP process and priority ↗
Put this into my plan ↗Distinguish recordation tax from transfer tax
OTR’s Recorder of Deeds FAQ lists residential recordation and transfer taxes separately, with different rate bands by consideration. Ask the settlement professional for the applicable basis, exemptions and contractual allocation rather than labeling one combined estimate as a lender fee. The cash-to-close workspace uses a manual allowance and does not automatically calculate District taxes. Keep any lender credit distinct from a tax reduction and confirm which charges are actually covered before treating the deposit or credit as sufficient closing cash. OTR recording and transfer information ↗
Put this into my plan ↗Check the current first-buyer reduction at recording
District law provides a reduced recordation rate for qualifying first-time District homebuyers and eligible property, with conditions. Ask the closing professional to use the current form and effective limits and confirm how the required claim is submitted. Do not assume the seller’s transfer tax disappears or that every first-time buyer qualifies. This guide does not copy a prior fiscal-year income or purchase ceiling into a current decision. Keep the supported reduction separate until eligibility and the recording procedure are established. D.C. Code recordation provisions ↗
Put this into my plan ↗Compare condominium dues with the project’s complete obligations
For a District condominium, read the budget, reserves, master policy, dues and known assessment schedule together. Establish what the unit owner pays directly and whether a major repair or deductible could create an additional demand. The condo planner can show the timing of a documented assessment and its effect on available cash. It cannot certify structural condition, reserve sufficiency or a lender’s project acceptance. Keep a stress case for uncertain work rather than assuming that the ordinary dues amount is the complete long-term obligation.
Put this into my plan ↗Treat a cooperative interest as its own financing question
A co-op purchase concerns a different ownership interest from a deeded condominium. Ask how the proposed financing, monthly charge, underlying obligations, transfer process and applicable taxes work for that actual cooperative. Do not drop the full monthly charge into an HOA field without checking whether it includes taxes, debt service or other costs already counted elsewhere. Build a documented manual budget and obtain a provider’s specific acceptance of the structure. This calculator does not model every co-op obligation or determine its eligibility.
Put this into my plan ↗Investigate occupied-property rights before relying on an exit
If a District purchase is occupied or intended for rental, obtain qualified advice about the actual tenants, notices, contracts and applicable purchase or occupancy rights. Do not assume a sale creates immediate vacancy or that a broad exemption applies to the particular property. Keep a delay case and an occupied operating budget beside the financing plan. A rental calculation does not resolve tenant law, authorize displacement or certify a title condition. Base the income and timing assumptions on verified documents rather than an expected change of use.
Put this into my plan ↗Compare a 48-month District plan with a longer stay
The opening example uses a manual $600,000 loan and 48-month holding period, with illustrative rates and charges. It is independent of the District report and not a lender offer. Replace it with written quotes, then extend the horizon and compare the change in remaining balances and borrowing costs. A shorter planned stay can make points harder to recover, while a longer new term changes the debt position. Keep sale costs, assistance repayment and any tax treatment in a separate supported exit plan.
Put this into my plan ↗Refinance with HPAP and other recorded interests visible
Start from the existing payoff and proposed Loan Estimate, then establish whether an assistance loan or other interest needs repayment, subordination or permission. Compare the existing and new loans over the same period, including the ending principal rather than monthly payment alone. A new escrow deposit and a later refund are timing items that need their own cash plan. The calculator cannot decide a programme exception or promise a refinance; use the administrator’s written treatment before relying on the result. CFPB Loan Estimate explanation ↗
Put this into my plan ↗Bring the District decision to the MITEY brand
Explain whether you are comparing a purchase, refinance, assistance route, condominium or cooperative, and the timeline you need to understand. Optional calculator sharing lets you include the assumptions without making it a condition of enquiry. Public pages stay under the MITEY brand while potential brokerage and company referrals are managed behind the scenes. An introduction requires availability and your permission. Start without an address or identity documents; the purpose is to clarify suitable financing options without promising approval or an unsupported lowest rate.
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