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California Mortgage Calculator

On a $400,000 home in California with 20% down at 6.47%, the monthly payment is about $2,384 — $2,016 principal & interest, $233 property tax (0.7% effective) and $135 home insurance. Here, property tax is the larger of the two add-ons. Change the price, down payment and rate below for your exact figure.

$2,384 /mo

P&I: $2,016 · Tax: $233 · Insurance: $135

Loan amount: $320,000 · Total interest: $405,871

■ P&I 85%■ Tax 10%■ Insurance 6%
— Standard balance
Yearly amortization schedule
YearInterestPrincipalPMIBalance
1$20,599$3,597—$316,403
2$20,359$3,837—$312,566
3$20,103$4,093—$308,473
4$19,830$4,365—$304,108
5$19,539$4,656—$299,452
6$19,229$4,967—$294,485
7$18,898$5,298—$289,187
8$18,545$5,651—$283,536
9$18,168$6,028—$277,508
10$17,766$6,429—$271,079
11$17,338$6,858—$264,221
12$16,881$7,315—$256,906
13$16,393$7,803—$249,104
14$15,873$8,323—$240,781
15$15,318$8,877—$231,904
16$14,727$9,469—$222,435
17$14,096$10,100—$212,335
18$13,422$10,773—$201,561
19$12,704$11,491—$190,070
20$11,938$12,257—$177,812
21$11,121$13,074—$164,738
22$10,250$13,946—$150,792
23$9,320$14,875—$135,916
24$8,329$15,867—$120,049
25$7,271$16,925—$103,125
26$6,143$18,053—$85,072
27$4,940$19,256—$65,816
28$3,656$20,539—$45,277
29$2,287$21,908—$23,369
30$827$23,369—$0

Rates: Freddie Mac PMMS (wk 2026-06-18). Property tax: Tax Foundation. Insurance: Insurance.com. PMI applies when your down payment is under 20% (LTV > 80%). You can request cancellation at 80% LTV; the servicer must auto-terminate it at 78% (Homeowners Protection Act). How we calculate →

How much is a mortgage payment in California?

For a typical $400,000 home in California with a 20% down payment ($80,000) on a 30-year loan at 6.47%, the full monthly payment works out to about $2,384. That breaks down as $2,016 in principal and interest, $233 in property tax and $135 in homeowners insurance — so taxes and insurance add roughly $368 a month on top of the loan itself.

In California, property tax is the bigger of those two costs. The calculator above uses California's real figures by default, but every input is editable — drop in your own price, down payment, rate and HOA for an exact number, and add a loan type (FHA, VA or USDA) if you're not putting 20% down.

California property tax and home insurance

California's average effective property tax rate is 0.7% of a home's value — the 32nd highest of the 50 states and DC (the 20th lowest). On a $400,000 home that's about $2,800 a year, or $233 a month, escrowed into your payment. Property tax is the part of a mortgage that varies most from state to state, which is why a national calculator can be well off for California.

Average homeowners insurance in California runs about $1,616 a year for $300k of coverage — $927 below the US average of $2,543, the 41st highest in the country. That low premium keeps California payments below many other states at the same price.

California mortgage payment by home price

Because California's tax rate and insurance are fixed shares of the cost, the monthly payment scales with the price. With 20% down at 6.47%:

$300,000 home → about $1,822/mo · $400,000 home → about $2,384/mo · $500,000 home → about $2,947/mo (all including California tax and insurance).

Putting less than 20% down adds private mortgage insurance (PMI) until you reach 20% equity, and a lower rate or longer search for insurance can meaningfully cut the California figure. Use the inputs above to model your own scenario and see the amortization schedule.

What's included in a California mortgage payment (PITI)

A mortgage payment has four parts, often shortened to PITI: Principal, Interest, Taxes and Insurance — plus PMI if you put down under 20% and any HOA dues. In California, principal and interest on a $320,000 loan come to $2,016, then California's property tax ($233) and insurance ($135) are collected monthly into an escrow account and paid on your behalf.

This calculator computes all of PITI for California, shows a full amortization schedule, and estimates how much an extra monthly payment or biweekly schedule would save you in interest over the life of the loan.

California mortgage — frequently asked questions

How much is a monthly mortgage payment in California?

On a $400,000 home in California with 20% down at 6.47% over 30 years, the payment is about $2,384 a month — $2,016 principal and interest, $233 property tax and $135 insurance. Enter your own price and rate above for an exact figure.

What is the property tax rate in California?

California's average effective property tax rate is 0.7% of a home's value (Tax Foundation, 2024) — the 32nd highest in the country. On a $400,000 home that's roughly $2,800 a year, collected monthly through escrow.

How much is homeowners insurance in California?

Homeowners insurance in California averages about $1,616 a year for $300k of coverage, $927 below the national average of $2,543. Premiums vary by location, home age and claims history, so shop around.

Do I need PMI on a California mortgage?

If your down payment is under 20% on a conventional loan, lenders require private mortgage insurance (PMI) until you reach 20% equity, in California as elsewhere. You can request cancellation at 80% loan-to-value, and it's removed automatically at 78%. Set your down payment above to see the effect.

How much do I need to earn to buy a $400k home in California?

As a rough guide, the 28% rule suggests keeping housing costs at or below 28% of gross income, so a $2,384 payment in California points to roughly $102,185 a year, before other debts. Lenders also weigh your total debt-to-income ratio, down payment and credit score.

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Researched & verified by the Calcuris Data & Research Team. How we build and check our tools →