Mortgage Calculator — California
Pre-filled with California's average home price of $750000, property tax rate of 0.71%, and average insurance of $1800/year. Adjust any value below.
1 Loan Details
2 Monthly Costs (California averages pre-filled)
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Required when down payment < 20%
Estimated Monthly Payment
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Total Interest Paid
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Over loan lifetime
Total Cost
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Principal + interest
Loan Amount
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Amount financed
Down Payment
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Of home price
Monthly Payment Breakdown
Balance Over Time
Rate Comparison
How your payment changes with different interest rates
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Amortization Schedule
Full month-by-month payment breakdown
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California Housing Market
California has the highest median home prices in the continental US. The state's Proposition 13 caps annual property tax increases at 2%, making effective rates lower than many other high-value states.
Affordability in California
With median home prices above $750,000, buyers in California typically need a household income of $180,000+ to comfortably afford a median-priced home. Bay Area and coastal markets can exceed $1.5M.
Key Markets
First-Time Buyer Programs in California
CalHFA MyHome Assistance
Up to 3.5% down payment assistance (max $15,000). Income limits apply (~$180K in most counties).
CalHFA Dream For All
Shared appreciation loan covering up to 20% of purchase price. State recovers share when home is sold.
GSFA Platinum Program
3–5% grant for down payment and closing costs. No repayment required.
Property Tax in California
Proposition 13 caps annual property tax increases at 2%. When you buy, tax resets to ~1% of purchase price plus local add-ons. A $750K purchase → roughly $7,500–$9,000/year.
California Conforming Loan Limit
$1,089,300 in high-cost counties (LA, SF, San Diego, Orange, Santa Clara). Jumbo loans above this limit typically require 20–25% down.
Closing Costs in California
California closing costs typically run 2–3% of purchase price (~$15,000–$22,500 on a $750K home). Key costs: transfer tax ($1.10/$1,000), escrow fees, title insurance. No state deed tax.
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