Home and mortgage

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.

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Home priceDown paymentInterest rateStarts at this week's national averageLoan termProperty taxA year, as a share of the price; about 1% is typical, varying widely by countyHome insurance a yearMortgage insurance (PMI)A year, on the loan, only below 20% downHOA dues a month

Monthly payment$4,576.90The answer

Monthly payment

$4,576.90

A $735,000 home with 20% down ($588,000 borrowed) at 7.18% over 30 years costs about $4,577 a month: $3,983 principal and interest plus $594 of tax, insurance and dues.

Principal and interest: $3,983.32
Tax, insurance, PMI and HOA: $593.58
Total interest over the loan: $845,994

Amortization by year: $588,000 at 7.18%

Year	Interest	Principal	Balance
1	$42,031.01	$5,768.79	$582,231.21
2	$41,602.91	$6,196.89	$576,034.32
3	$41,143.03	$6,656.77	$569,377.55
4	$40,649.03	$7,150.77	$562,226.77
5	$40,118.37	$7,681.44	$554,545.34
6	$39,548.32	$8,251.48	$546,293.86
7	$38,935.98	$8,863.83	$537,430.03
8	$38,278.19	$9,521.62	$527,908.42
9	$37,571.58	$10,228.22	$517,680.19
10	$36,812.54	$10,987.26	$506,692.93
11	$35,997.17	$11,802.63	$494,890.30
12	$35,121.29	$12,678.51	$482,211.78
13	$34,180.41	$13,619.39	$468,592.39
14	$33,169.70	$14,630.10	$453,962.29
15	$32,084.00	$15,715.81	$438,246.48
16	$30,917.72	$16,882.09	$421,364.40
17	$29,664.89	$18,134.91	$403,229.48
18	$28,319.08	$19,480.72	$383,748.76
19	$26,873.41	$20,926.39	$362,822.37
20	$25,320.45	$22,479.35	$340,343.02
21	$23,652.24	$24,147.56	$316,195.46
22	$21,860.24	$25,939.56	$290,255.90
23	$19,935.25	$27,864.55	$262,391.34
24	$17,867.40	$29,932.40	$232,458.95
25	$15,646.10	$32,153.70	$200,305.25
26	$13,259.96	$34,539.84	$165,765.40
27	$10,696.74	$37,103.07	$128,662.34
28	$7,943.30	$39,856.51	$88,805.83
29	$4,985.52	$42,814.28	$45,991.55
30	$1,808.25	$45,991.55	$0.00

Download the schedule (CSV)

This week's mortgage rates

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

Home price	Principal and interest	Property tax	Total
$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.

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.

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Sources

Updated Sep 30, 2026 by the RateHerald team. The maths is tested against worked examples; report a problem.