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California Mortgage Calculator

Work out your monthly mortgage payment in California, with property tax, homeowners insurance, PMI and HOA fees.

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20.0% of the price

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More options· Taxes, insurance, PMI, HOA, extra payments
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Per year, % of price

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Per year

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Per month

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Per year, under 20% down

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Monthly payment

$4,714.48

$607,600 loan · paid off in 30 years

Principal & interest
$4,140.78
Total interest
$883,084
What your monthly payment covers
  • Principal & interest$4,141
  • Property tax$449
  • Home insurance$124

What this means

Over 30 years you’d pay $883,084 in interest, on top of the $607,600 you borrow.

In the early years most of each payment is interest, so even a small extra payment each month cuts the total and the time it takes.

Next step

Principal and interest paid each year
$49,693$24,846$0
136912151821242730
PrincipalInterest
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California mortgage costs at a glance

The typical owner-occupied home in California is worth $759,500, and its owner pays $5,369 a year in property tax: 0.71% of its value, less than the 0.89% across the US. That's the 20th lowest of the 50 states and DC.

With 20% down and a 30-year loan at 7.24%, the payment on that home is about $4,714 a month: $4,141 of principal and interest, $449 of property tax and $124 of insurance. Use the calculator above to see the exact amounts for the home you’re looking at.

Sources:

Notes for California

  • Property tax rates vary by county, city and school district, and many states lower the tax on a home you live in (a homestead exemption), so check the rate for the home you’re buying.
  • A standard homeowners policy (HO-3) in California averaged $1,492 a year in 2022, against $1,569 across the US (the NAIC’s latest figures). Premiums have risen since, so get a quote for the home: costs depend on its value, age and area, and flood and earthquake cover are extra.
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