CALCMONEY // MORTGAGE // CA
Calculate your monthly mortgage payment using California-specific property tax rates, current average interest rates, and local median home prices.
Open Full Calculator$785,000
6.85%
0.75%
1%–13.3%
How today's 6.85% rate compares to recent years
| Period | 30-Yr Rate | vs. Today |
|---|---|---|
| 2026 (current) | 6.85% | — |
| 2024 avg | 7.27% | -0.42% |
| 2023 avg | 7.70% | -0.85% |
| 2022 peak | 7.53% | -0.68% |
| 2021 avg | 3.45% | +3.40% |
| 2020 avg | 3.25% | +3.60% |
Rate estimates based on Freddie Mac Primary Mortgage Market Survey national averages adjusted for California market conditions. Actual rates vary by lender and borrower profile.
| Principal & Interest | $4,115 |
| Property Tax | $491 |
| Homeowners Insurance (est.) | $262 |
| Total Monthly Payment (PITI) | $4,867 |
$157,000
$853,410
$208,599/yr
The median home price in California is $785,000, above the national median of $420,000. With a median household income of $84,900, the price-to-income ratio is 9.2x.
Property taxes in California average 0.75% of assessed value. On the median home, that is $5,888 per year, or $491 per month added to your mortgage payment.
California has a state income tax of 1%–13.3%. Factor this into your take-home pay when calculating how much mortgage you can afford.
The cost of living index in California is 142 (national average = 100). Expect to pay more for groceries, transportation, and healthcare in addition to housing.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $628,000 loan saves $28,260 in interest over 30 years.
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