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California Mortgage Calculator

Your monthly mortgage payment in California, with California's effective property tax rate (0.70%) built in, at this week's average rate. The calculator starts at the state's median home value, $734,700.

A $735,000 home with 20% down ($588,000 borrowed) at 7.28% over 30 years costs about $4,617 a month: $4,023 principal and interest plus $594 of tax, insurance and dues.

Monthly payment
$4,616.75
Principal and interest
$4,023.17
Tax, insurance, PMI and HOA
$593.58
Total interest over the loan
$860,341
Loan balance and interest paid over 30 years at 7.28%$0$200k$400k$600k$800k$1M051015202530Years━Balance owed━Interest paid so far
Download the schedule (CSV)
Amortization by year: $588,000 at 7.28%
YearInterestPrincipalBalance
1$42,620.09$5,657.93$582,342.07
2$42,194.16$6,083.85$576,258.21
3$41,736.18$6,541.84$569,716.38
4$41,243.72$7,034.30$562,682.07
5$40,714.18$7,563.84$555,118.24
6$40,144.78$8,133.23$546,985.00
7$39,532.52$8,745.49$538,239.51
8$38,874.17$9,403.85$528,835.66
9$38,166.26$10,111.76$518,723.90
10$37,405.06$10,872.96$507,850.95
11$36,586.56$11,691.46$496,159.48
12$35,706.44$12,571.58$483,587.90
13$34,760.06$13,517.96$470,069.94
14$33,742.44$14,535.58$455,534.37
15$32,648.22$15,629.80$439,904.57
16$31,471.63$16,806.39$423,098.18
17$30,206.46$18,071.56$405,026.62
18$28,846.05$19,431.96$385,594.65
19$27,383.24$20,894.78$364,699.87
20$25,810.30$22,467.72$342,232.16
21$24,118.96$24,159.06$318,073.09
22$22,300.29$25,977.73$292,095.36
23$20,344.71$27,933.30$264,162.06
24$18,241.93$30,036.09$234,125.97
25$15,980.84$32,297.18$201,828.79
26$13,549.55$34,728.47$167,100.32
27$10,935.23$37,342.79$129,757.53
28$8,124.10$40,153.92$89,603.61
29$5,101.36$43,176.66$46,426.95
30$1,851.07$46,426.95$0.00

This week's mortgage rates →

Monthly payment in California by home price (20% down, 7%, 30 years, 0.70% tax, $2,000 insurance)

Home pricePrincipal and interestProperty taxTotal
$370,000$1,969$215$2,351
$550,000$2,927$319$3,413
$730,000$3,885$424$4,476
$1,100,000$5,855$639$6,660
$1,470,000$7,824$854$8,844

How this calculator works

As the mortgage calculator, with California's effective property tax rate from the Census Bureau's American Community Survey 2020–2024 5-year estimates: median taxes $5,124 ÷ median value $734,700.

What it assumes

  • Home insurance varies a lot by state and area; enter your quote.
  • County property tax rates differ from the state figure; see the county pages.

Questions people ask

What is the mortgage payment on a median home in California?

On $734,700 with 20% down at 7% over 30 years: about $3,910 principal and interest and $427 of property tax, $4,504 a month with $2,000 a year of insurance.

What is the median home value in California?

$734,700 for owner-occupied homes (Census American Community Survey 2020–2024 5-year estimates), against $332,700 nationally.

How much is property tax in California?

The effective rate is 0.70%, a median $5,124 a year. See California's property tax page for every county we cover.

How much income do I need for a median California home?

Under the 28% guideline, about $193,019 a year for the payment above; California's median household income is $99,122.

Mortgage calculator by state

Related calculators

  • Mortgage CalculatorYour full monthly mortgage payment: principal and interest, property tax, insurance, PMI and HOA dues, at this week's average rate, with a yearly amortization schedule.
  • California Property Tax CalculatorCalifornia homeowners pay a median $5,124 a year in property tax, 0.70% of a median $734,700 home: the 35th highest effective rate of the 50 states and DC.
  • Home Affordability CalculatorThe home price your income supports under the 28/36 guideline lenders use, counting your other debts, down payment, taxes and insurance, at this week's average rate.

Sources

Updated by the RateHerald team. The maths is tested against worked examples; report a problem.