California Mortgage Rates & Payment Calculator
In California, the effective property-tax rate averages about 0.73% of home value. On the state's median-priced home ($760,000) with 20% down at 6.85%, the all-in monthly payment is roughly $4,667.98 including taxes and insurance.
Payment breakdown
- Principal & interest$3,983.98
- Property tax$696.67
- Home insurance$221.67
Balance over time
| Year | Principal paid | Interest paid | Ending balance |
|---|---|---|---|
| 1 | $6,357 | $41,451 | $601,643 |
| 2 | $6,806 | $41,002 | $594,837 |
| 3 | $7,287 | $40,520 | $587,549 |
| 4 | $7,803 | $40,005 | $579,747 |
| 5 | $8,354 | $39,454 | $571,393 |
| 6 | $8,945 | $38,863 | $562,448 |
| 7 | $9,577 | $38,231 | $552,871 |
| 8 | $10,254 | $37,554 | $542,617 |
| 9 | $10,979 | $36,829 | $531,638 |
| 10 | $11,755 | $36,053 | $519,883 |
| 11 | $12,586 | $35,222 | $507,297 |
| 12 | $13,476 | $34,332 | $493,821 |
| 13 | $14,428 | $33,379 | $479,393 |
| 14 | $15,448 | $32,359 | $463,944 |
| 15 | $16,540 | $31,267 | $447,404 |
| 16 | $17,710 | $30,098 | $429,694 |
| 17 | $18,962 | $28,846 | $410,732 |
| 18 | $20,302 | $27,506 | $390,430 |
| 19 | $21,737 | $26,070 | $368,693 |
| 20 | $23,274 | $24,534 | $345,419 |
| 21 | $24,919 | $22,889 | $320,500 |
| 22 | $26,681 | $21,127 | $293,819 |
| 23 | $28,567 | $19,241 | $265,252 |
| 24 | $30,586 | $17,221 | $234,665 |
| 25 | $32,749 | $15,059 | $201,917 |
| 26 | $35,064 | $12,744 | $166,853 |
| 27 | $37,542 | $10,265 | $129,310 |
| 28 | $40,196 | $7,611 | $89,114 |
| 29 | $43,038 | $4,770 | $46,076 |
| 30 | $46,076 | $1,727 | $0 |
Frequently asked questions
What are property taxes like in California?
California's effective property-tax rate averages about 0.73% of a home's value — roughly $5,548 per year on a $760,000 home. Actual bills vary by county and assessment.
What's a typical monthly mortgage payment in California?
On the median California home ($760,000) with 20% down at 6.85%, the full payment is about $4,667.98 including principal, interest, property tax, and insurance.
Are mortgage rates different in California?
Rates are set nationally by market conditions and your credit, not by state, but closing costs, property taxes, and insurance — which shape your real monthly cost — vary significantly by state.
Sources: Freddie Mac Primary Mortgage Market Survey; Tax Foundation — Property Taxes by State; Consumer Financial Protection Bureau.
Estimates for educational purposes only — not a loan offer, financial advice, or a commitment to lend. Actual rates, payments, and terms vary by lender and creditworthiness.