California Mortgage Calculator
How Much Will Your Mortgage Be in California?
Real estate in the Golden State is quite unique—out of all 50 states, citizens of California pay the largest share of their income (roughly one-quarter) on their mortgage, according to Nerd Wallet. Given its great size and generally robust economy, local housing trends are usually more relevant to consider than statewide housing tendencies when it comes to how much home you could afford in California.
For instance, the state's biggest metro areas—Los Angeles and San Francisco—have witnessed a rapid increase in housing prices over the last 20 or 30 years which have far outpaced growth in the rest of the state, which is still considerable. Also, see FHA Loan in California for details and requirements for a home in the state. Looking to move to California, see First-time Homebuyer Guide for California.
Let's calculate your California Mortgage Payment
Monthly Payment Breakdown
Principal & Interest
$2,655
Property Taxes
$458
Mortgage Insurance
$126
Homeowner's Insurance
$0
HOA
$0
Additional Payment
$0
Legal Disclosure
Monthly payments shown constitute an estimate and are provided for illustrative and educational purposes only. The calculations provided are based on data entered by the user. The amounts displayed are not guaranteed and what you actually pay may be different. Results do not reflect all loan programs and are subject to individual program loan limits. This does not constitute an offer for a mortgage and is not a commitment to lend nor is it an advertisement for the above interest rate, loan terms or payment. Contact a Loan Officer for assistance.
Amortization
| Year | Principal & Interest | Principal | Interest | Balance |
|---|---|---|---|---|
| 2025 | $23,893 | $2,970 | $20,923 | $394,031 |
| Apr | $2,656 | $323 | $2,333 | $396,678 |
| May | $2,656 | $325 | $2,331 | $396,354 |
| Jun | $2,656 | $327 | $2,329 | $396,028 |
| Jul | $2,655 | $328 | $2,327 | $395,700 |
| Aug | $2,655 | $330 | $2,325 | $395,370 |
| Sep | $2,655 | $332 | $2,323 | $395,039 |
| Oct | $2,655 | $334 | $2,321 | $394,705 |
| Nov | $2,655 | $336 | $2,319 | $394,369 |
| Dec | $2,655 | $338 | $2,317 | $394,031 |
| 2026 | $31,856 | $4,211 | $27,645 | $389,821 |
| 2027 | $31,856 | $4,517 | $27,339 | $385,304 |
| 2028 | $31,856 | $4,846 | $27,010 | $380,458 |
| 2029 | $31,856 | $5,199 | $26,657 | $375,259 |
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