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
$785,000 is the median home price across California, set against a $84,900 median household income for a 9.2x price-to-income ratio, 87% above the national median price.
California's 0.75% average property tax rate runs below the 1.1% national average, working out to $491/month on the median home here.
Unlike the nine no-income-tax states, California taxes wage income at 1%–13.3%. Worth running your actual take-home pay against the $4,867/month payment here before locking in a target price.
California's cost of living index is 142, above the 100 national baseline. That's on top of the housing numbers above, not instead of them.
California's median home price runs 8% lower than Hawaii: $855,000 there versus $785,000 here.
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.
Compare Top California Mortgage LendersHawaii
$855,000 median
DCDistrict of Columbia
$645,000 median
MAMassachusetts
$610,000 median
WAWashington
$590,000 median