California Mortgage Calculator

Mortgage and refinance loan payment calculator. Popular areas include Los Angeles, Orange County, Sacramento, San Diego, San Francisco and San Jose California.

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Our California mortgage calculator enables you to estimate your monthly mortgage payment, including the following:

  • Principal and interest
  • Taxes
  • Insurance
  • Private Mortgage Insurance (PMI)

Your monthly payment changes when updating the home price, down payment, interest rate, and loan term.

Housing affordability continues to fluctuate across California. The housing trends vary in the Golden State, with larger communities exhibiting higher home prices than smaller, more rural areas. Even within Los Angeles, San Diego, San Jose, San Francisco, the market varies among neighborhoods. Each area will have a slightly different trend such as Los Angeles County, San Diego County and Orange County.

Amortization Calculator
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We've included the conforming loan amounts and the estimated property tax rates for each county. This is important because mortgage interest rates are significantly different for home loans above the amounts listed. Please check with your loan officer, bank, lender to verify the conforming loan amounts in your county.

County

Property tax rate

Conforming limit

Alameda County

0.78%

$822,375

Alpine County

0.82%

$548,250

Amador County

0.74%

$548,250

Butte County

0.74%

$548,250

Calaveras County

0.81%

$548,250

Colusa County

0.68%

$548,250

Contra Costa County

0.85%

$822,375

Del Norte County

0.73%

$548,250

El Dorado County

0.76%

$598,000

Fresno County

0.82%

$548,250

Glenn County

0.75%

$548,250

Humboldt County

0.67%

$548,250

Imperial County

0.91%

$548,250

Inyo County

0.76%

$548,250

Kern County

1.00%

$548,250

Kings County

0.76%

$548,250

Lake County

0.86%

$548,250

Lassen County

0.77%

$548,250

Los Angeles County

0.72%

$822,375

Madera County

0.76%

$548,250

Marin County

0.77%

$822,375

Mariposa County

0.71%

$548,250

Mendocino County

0.69%

$548,250

Merced County

0.75%

$548,250

Modoc County

0.88%

$548,250

Mono County

0.78%

$548,250

Monterey County

0.71%

$739,450

Napa County

0.68%

$816,500

Nevada County

0.78%

$548,250

Orange County

0.69%

$822,375

Placer County

0.92%

$598,000

Plumas County

0.69%

$548,250

Riverside County

0.95%

$548,250

Sacramento County

0.81%

$598,000

San Benito County

0.82%

$822,375

San Bernardino County

0.81%

$548,250

San Diego County

0.73%

$753,250

San Francisco County

0.64%

$822,375

San Joaquin County

0.85%

$548,250

San Luis Obispo County

0.71%

$701,500

San Mateo County

0.65%

$822,375

Santa Barbara County

0.66%

$660,100

Santa Clara County

0.73%

$822,375

Santa Cruz County

0.66%

$822,375

Shasta County

0.76%

$548,250

Sierra County

0.88%

$548,250

Siskiyou County

0.77%

$548,250

Solano County

0.82%

$550,850

Sonoma County

0.70%

$707,250

Stanislaus County

0.77%

$548,250

Sutter County

0.90%

$548,250

Tehama County

0.67%

$356,362

Trinity County

0.52%

$548,250

Tulare County

0.78%

$548,250

Tuolumne County

0.76%

$548,250

Ventura County

0.73%

$739,450

Yolo County

0.87%

$598,000

Yuba County

0.86%

$548,250

County

Tax Rate

Limit

Alameda County

0.78%

$822,375

Alpine County

0.82%

$548,250

Amador County

0.74%

$548,250

Butte County

0.74%

$548,250

Calaveras County

0.81%

$548,250

Colusa County

0.68%

$548,250

Contra Costa County

0.85%

$822,375

Del Norte County

0.73%

$548,250

El Dorado County

0.76%

$598,000

Fresno County

0.82%

$548,250

Glenn County

0.75%

$548,250

Humboldt County

0.67%

$548,250

Imperial County

0.91%

$548,250

Inyo County

0.76%

$548,250

Kern County

1.00%

$548,250

Kings County

0.76%

$548,250

Lake County

0.86%

$548,250

Lassen County

0.77%

$548,250

Los Angeles County

0.72%

$822,375

Madera County

0.76%

$548,250

Marin County

0.77%

$822,375

Mariposa County

0.71%

$548,250

Mendocino County

0.69%

$548,250

Merced County

0.75%

$548,250

Modoc County

0.88%

$548,250

Mono County

0.78%

$548,250

Monterey County

0.71%

$739,450

Napa County

0.68%

$816,500

Nevada County

0.78%

$548,250

Orange County

0.69%

$822,375

Placer County

0.92%

$598,000

Plumas County

0.69%

$548,250

Riverside County

0.95%

$548,250

Sacramento County

0.81%

$598,000

San Benito County

0.82%

$822,375

San Bernardino County

0.81%

$548,250

San Diego County

0.73%

$753,250

San Francisco County

0.64%

$822,375

San Joaquin County

0.85%

$548,250

San Luis Obispo County

0.71%

$701,500

San Mateo County

0.65%

$822,375

Santa Barbara County

0.66%

$660,100

Santa Clara County

0.73%

$822,375

Santa Cruz County

0.66%

$822,375

Shasta County

0.76%

$548,250

Sierra County

0.88%

$548,250

Siskiyou County

0.77%

$548,250

Solano County

0.82%

$550,850

Sonoma County

0.70%

$707,250

Stanislaus County

0.77%

$548,250

Sutter County

0.90%

$548,250

Tehama County

0.67%

$356,362

Trinity County

0.52%

$548,250

Tulare County

0.78%

$548,250

Tuolumne County

0.76%

$548,250

Ventura County

0.73%

$739,450

Yolo County

0.87%

$598,000

Yuba County

0.86%

$548,250

Start the mortgage process today in California

Start the process for either a purchase or refinance mortgage today and have a licensed loan officer in California contact you for a custom quote.

In California how do banks and lenders calculate what mortgage payment I can afford?

In California the general rule of thumb for determining the mortgage amount a borrower can manage is 2 – 2.5 times your monthly GROSS income. For example, someone earning $100k annual can afford a $200k – $250k mortgage. However, this is only a general guideline and there is more to the process. In addition to your gross income, lenders take into consideration two ratios: the “front-end ratio” and the “back-end ratio.”  The front-end ratio is your mortgage-to-income ratio, representing the (monthly) amount of your income which you can dedicate to paying your mortgage. The ideal ratio is under 30%–although some lenders will allow you to exceed 40%. The back-end ratio is your debt-to-income (DTI) ratio, or the amount of gross income you must cover your debts (loans for cars, education, and credit cards, for example).  Most lenders want to see that number no more than 36% (36% of your income goes to paying debts).  Although there are other factors in determining your overall financial “health,” these best represent your ability to pay the mortgage.

In California what are other costs that can increase my mortgage payment?

In California the mortgage payment includes multiple factors, each which can increase (or decrease) the actual mortgage payment. Other than then actual cost of the home, you need to include the following variables:

  • Down Payment (the amount of money you pay up front, not borrowed from the lender)
  • Interest Expenses (the interest rate, the length of the loan and type—whether a fixed or adjustable interest rate) 
  • Property Taxes (these vary with the community you are moving into)
  • Insurance (homeowner’s insurance rates will depend on your coverage and can fluctuate)
  • PMI (some lenders require insurance to protect them should you default on the loan)
  • HOA Fees (Some residential communities (especially condominiums and other PUDs) have maintenance fees for shared facilities and amenities offered in the development

In California how do I calculate my mortgage payment?

When considering a new home purchase or whether to refinance your current mortgage, the best place to start is by estimating your monthly payment. You can utilize our free California calculator to get a quick estimate. However, you will need a few numbers available: 

Mortgage principal (how much you want to borrow—not necessarily the cost of the property).

Monthly interest rate (the fee you pay the bank to borrow money: check out current mortgage rates). This is usually reflected as an APR (annual percentage rate) and is translated to a monthly rate by dividing the rate by 12 (months).

Number of payments (how long do you want to pay on the mortgage). This is easy with a fixed mortgage, but not with an ARM, where the rate will change on a regular basis.

Property taxes (usually the cost of taxes is added to the mortgage payment & added to an escrow account, where the taxes are paid on your behalf at the end of the year).  

Homeowner’s Insurance (since type and coverage vary widely, it is best to contact an agent to get some estimates).

PMI, if required (most lenders require this additional insurance when you put down less than 20% of the purchase price of the property).

Lock your mortgage rate today in California

With a wide variety of financing options, our team of experts can help you find and lock in the best current rate for purchasing your home or refinancing your existing mortgage. Contact us to get started with a California mortgage loan today!

Whether you are a math nerd who aspires to do the math by hand or simply want to understand how California mortgage payments are calculated, the formula looks like this:

M = P [ i(1 + i)^n ] / [ (1 + i)^n – 1]

Key:

  • M = monthly mortgage payment
  • P = principal amount
  • I = monthly interest rate (usually listed as an annual percentage rate)
  • N = number of payments over the life of the loan (360 payments for 30 years, etc)

In California if you are obtaining a fixed mortgage, whether it be 30, 15, or even 5 years, you are probably curious to see how much you are paying in interest.  One thing to remember is that in the U.S., interest is paid in arrears. So, your monthly payment includes interest for the 30 days BEFORE your due date. Since fixed mortgages are fully amortized installment loans, the amortization schedule shows how the split between principal and interest changes over time. In the early years of the mortgage term, most of your payment will go towards interest. However, as you pay down the principal, less interest will accrue and more of your payment is applied to the principal.

In California the longer you finance your home for, the lower your monthly payments will be. Conversely, a shorter (or adjustable rate) term usually equates to a lower interest rate. Its important to run the numbers on multiple scenarios to find out what works best for you. 

If you already have a mortgage and are looking for an opportunity to lower your current monthly payments, consider the following:

  • Refinance at a lower rate 
  • Refinance to a longer term
  • Eliminate mortgage insurance
  • Apply for mortgage forbearance or loan modification (in case of financial hardship)

In California an Amortization Schedule calculator provides a schedule of how much is paid for each portion of the mortgage payment over time. A mortgage calculator allows you to plug in the mortgage amount, term (number of payments) and the APR (interest rate per year) and determine the total you will pay in principal and interest over the life of the loan.

Get started with a purchase or refinance mortgage loan today!

Get started with a purchase or refinance mortgage loan today!

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