CALCMONEY // MORTGAGE // WA // BELLEVUE // 98040
ZIP CODE ANALYSISHyper-local mortgage data for ZIP 98040 in Bellevue, WA. This is a high-net-worth enclave — most purchases require jumbo financing.
$2,200,000
$1,760,000
$13,898
$595,610/yr
| Down Payment | Home Price | Loan Amount | Monthly P&I | Total Monthly | Rate |
|---|---|---|---|---|---|
| 10% Down | $2,200,000 | $1,980,000 | $12,974 | $15,339 | 6.85% |
| 20% Down | $2,200,000 | $1,760,000 | $11,533 | $13,898 | 6.85% |
| 25% Down | $2,200,000 | $1,650,000 | $10,812 | $13,177 | 6.85% |
Total monthly includes principal & interest, property tax (0.89% annual), and estimated homeowners insurance. PMI not included.
Mercer Island (ZIP 98040) sits within Bellevue, Washington with a median home price of $2,200,000 — significantly above the Bellevue city-wide median of $1,100,000. At 80% LTV, the typical loan amount of $1,760,000 exceeds the 2026 conforming loan limit of $766,550, placing most purchases in jumbo territory. Jumbo loans typically require stronger credit scores, larger reserves, and may carry slightly different rate pricing.
Property taxes in ZIP 98040 run 0.89% annually, adding $1,632 per month on the median home. Median household income in this neighborhood is approximately $190,000, placing the price-to-income ratio at 11.6x. Washington has no state income tax, giving buyers here more purchasing power relative to equivalent salaries in income-tax states.