California Mortgage Calculator
Estimate your monthly mortgage payment in California. On the state's median home value of $760,000, with a 20% down payment at today's rates, expect a total monthly payment (principal, interest, taxes, and insurance) around $4,426. Adjust every input for your situation.
Monthly Breakdown
- Principal & Interest$3,843
- Property Tax$475
- Home Insurance$108
Amortization Schedule
| Year | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $46,116 | $6,796 | $39,320 | $601,204 |
| 2 | $46,116 | $7,251 | $38,865 | $593,953 |
| 3 | $46,116 | $7,737 | $38,379 | $586,217 |
| 4 | $46,116 | $8,255 | $37,861 | $577,962 |
| 5 | $46,116 | $8,807 | $37,308 | $569,155 |
| 6 | $46,116 | $9,397 | $36,718 | $559,757 |
| 7 | $46,116 | $10,027 | $36,089 | $549,731 |
| 8 | $46,116 | $10,698 | $35,418 | $539,033 |
| 9 | $46,116 | $11,415 | $34,701 | $527,618 |
| 10 | $46,116 | $12,179 | $33,937 | $515,439 |
| 11 | $46,116 | $12,995 | $33,121 | $502,444 |
| 12 | $46,116 | $13,865 | $32,251 | $488,579 |
| 13 | $46,116 | $14,794 | $31,322 | $473,785 |
| 14 | $46,116 | $15,784 | $30,331 | $458,001 |
| 15 | $46,116 | $16,841 | $29,274 | $441,160 |
| 16 | $46,116 | $17,969 | $28,146 | $423,190 |
| 17 | $46,116 | $19,173 | $26,943 | $404,017 |
| 18 | $46,116 | $20,457 | $25,659 | $383,561 |
| 19 | $46,116 | $21,827 | $24,289 | $361,734 |
| 20 | $46,116 | $23,289 | $22,827 | $338,445 |
| 21 | $46,116 | $24,848 | $21,267 | $313,597 |
| 22 | $46,116 | $26,513 | $19,603 | $287,084 |
| 23 | $46,116 | $28,288 | $17,828 | $258,796 |
| 24 | $46,116 | $30,183 | $15,933 | $228,613 |
| 25 | $46,116 | $32,204 | $13,912 | $196,409 |
| 26 | $46,116 | $34,361 | $11,755 | $162,049 |
| 27 | $46,116 | $36,662 | $9,454 | $125,387 |
| 28 | $46,116 | $39,117 | $6,998 | $86,269 |
| 29 | $46,116 | $41,737 | $4,379 | $44,532 |
| 30 | $46,116 | $44,532 | $1,583 | $0 |
Swipe the table sideways to see all columns →
How to use it
A two-minute guide.
The Home Price field is pre-filled with California's median home value (about $760,000). Override with your target home's actual price for a property-specific estimate.
The Property Tax Rate is pre-filled with California's average effective rate of 0.75%. Within California, rates vary by county — if you know your specific local rate from your county assessor or last tax bill, override it for a more precise estimate.
The Home Insurance default reflects California's typical annual premium of approximately $1,300.
Adjust the Down Payment slider to compare scenarios. Below 20% down triggers PMI; the calculator adds it automatically and flags it.
How it works
The math behind the result.
The California median home, in dollar terms. At $760,000 with a 20% down payment, you bring $152,000 to closing (plus closing costs) and take out a $608,000 mortgage. At today's 6.50% 30-year fixed rate, your monthly principal and interest is roughly $3,843.
California's ongoing housing costs. The state's average property tax rate of 0.75% produces about $5,700 per year on a median-priced home — typically paid through escrow with your mortgage. Insurance averages $1,300/year in California.
Total monthly payment (PITI) on the median California home works out to about $4,426/month at current rates with 20% down and no HOA. Putting less down adds PMI; HOA dues add separately if your specific neighborhood requires them.
Your specific city matters. Median home prices vary widely within California — major cities are usually 30-100% above the state median, rural areas can be well below. For city-specific calculators with local home prices pre-filled, use the city links below.
Questions
Frequently asked.
Want a more local estimate? See our city-specific California mortgage calculators or check California property tax rates.
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