California Mortgage Calculator

Monthly payment (PITI)

? Monthly payment PITI with taxes & insurance included

Bi-weekly payment

? Bi-weekly payment PITI if paid every other week

Loan payoff date

Bi-weekly payoff date

Total interest

Bi-weekly total interest

Monthly property tax

Monthly Insurance

Monthly PMI

Total PMI

California Mortgage Overview

The average home in California costs around $735,000. With a 20% down payment of $147,000, you would need a loan of $588,000.

California homeowners pay a property tax rate of approximately 0.71%, which translates to about $5,219 per year on the average home. Annual homeowners insurance in California averages around $2,200.

What Affects Your California Mortgage Payment?

Your monthly PITI payment in California includes four components:

Principal — the portion that reduces your loan balance
Interest — the cost of borrowing, based on your rate and remaining balance
Taxes — California’s property taxes vary by county, but average 0.71% statewide
Insurance — homeowners insurance protects your investment and is required by most lenders

Tips for California Home Buyers

Compare rates from multiple California lenders — even a 0.25% rate difference can save tens of thousands over the life of your loan
Check your credit score before applying — a higher score means better rates
Consider bi-weekly payments — paying every two weeks instead of monthly can shave years off your mortgage and save thousands in interest
Factor in PMI — if your down payment is less than 20%, you’ll pay Private Mortgage Insurance until you reach 80% loan-to-value

California Mortgage Calculator

California Mortgage Overview

What Affects Your California Mortgage Payment?

Tips for California Home Buyers

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