Current Avg. Rates: 6.46% 30-yr fixed|5.77% 15-yr fixed
Source: Freddie Mac Primary Mortgage Market Survey
Source: Freddie Mac Primary Mortgage Market Survey
Los Angeles vs San Diego: Mortgage Cost Comparison
Thinking about buying in Los Angeles or San Diego? Here's a side-by-side comparison of mortgage costs in both cities.
$5,404
Los Angeles PITI
$4,998
San Diego PITI
$406/mo
Difference
Your Monthly Payment (PITI)
-
Principal + Interest + Tax + Insurance
Monthly Breakdown
-
Property Tax
-
Insurance
Loan Overview
-
Total Interest
-
Payoff Date
Bi-Weekly Option
? Pay half your monthly payment every two weeks — you'll make 26 half-payments (13 full payments) per year instead of 12
-
Bi-Weekly Payment
-
Total Interest
-
Payoff Date
Los Angeles vs San Diego: Full Mortgage Comparison
Buying a home in San Diego is $406/month cheaper based on average home prices and local costs.
| Los Angeles, CA | San Diego, CA | |
|---|---|---|
| Avg. Home Price | $920,000 | $850,000 |
| Down Payment (20%) | $184,000 | $170,000 |
| Loan Amount | $736,000 | $680,000 |
| Property Tax Rate | 0.72% | 0.73% |
| Annual Property Tax | $6,624 | $6,205 |
| Annual Insurance | $2,400 | $2,200 |
| Monthly P&I | $4,652 | $4,298 |
| Monthly PITI | $5,404 | $4,998 |
| Total Interest (30yr) | $938,727 | $867,303 |
What Drives the Difference?
Home prices are the biggest factor — Los Angeles’s average home costs $70,000 more than San Diego’s.
Property taxes also favor Los Angeles — San Diego’s 0.73% rate is higher than Los Angeles’s 0.72%.
Insurance is $200/year more in Los Angeles.
Income Needed to Buy
Using the 28% rule (PITI under 28% of gross income):
| Los Angeles | San Diego | |
|---|---|---|
| Monthly PITI | $5,404 | $4,998 |
| Income needed | $231,601 | $214,221 |
Try Your Own Numbers
The calculator above is pre-filled with Los Angeles’s averages. Adjust the values to match your situation, or try the San Diego calculator for San Diego-specific numbers.