Property Tax Rate
0.75%
Low — below US avg
Avg Home Price
$785,000
~$491/mo in property tax
Conforming Limit
$1,209,750
High-cost area
Avg Insurance
0.90%/yr
$589/mo estimated
Your Loan Details
$
$50K$2M
Recommended income for this home: $100,000/year
$
%
Loan Amount: $320,000
%
30-yr avg: 6.92% · 15-yr avg: 6.22%
▼
Texas — High (1.60%) — no income tax
%
Est. annual taxes: $6,400 · $533.33/mo
Est. $200.00/mo based on 0.60% of home value
$/mo
Homeowners Association monthly dues, if any
Total Monthly Payment
$2,845.14
Estimated monthly housing cost (PITI)
Payment Breakdown
Principal & Interest
$2,111.80/mo(74%)
Property Tax
$533.33/mo(19%)
Homeowners Insurance
$200.00/mo(7%)
$320,000
Loan Amount
80% LTV · 20% down
$440,249
Total Interest
Over 30yr at 6.92%
$760,249
Total Cost
Principal + all interest
15-Year vs 30-Year Comparison
| 15-Year | 30-Year | |
|---|---|---|
| Monthly P&I | $2,738.52 | $2,111.80 |
| Total Interest | $172,934 | $440,249 |
| Total Cost | $492,934 | $760,249 |
15-year saves $267,315 in total interest
But costs $626.72 more per month
Amortization Schedule
See exactly how each payment is split between principal and interest
| Year | Principal | Interest | Balance | Equity |
|---|---|---|---|---|
| 1First Year | $3,301 | $22,041 | $316,699 | $83,301 |
| 2 | $3,537 | $21,805 | $313,162 | $86,838 |
| 3 | $3,790 | $21,552 | $309,373 | $90,627 |
| 4 | $4,060 | $21,281 | $305,312 | $94,688 |
| 5 | $4,350 | $20,991 | $300,962 | $99,038 |
| 6 | $4,661 | $20,681 | $296,301 | $103,699 |
| 7 | $4,994 | $20,348 | $291,307 | $108,693 |
| 8 | $5,351 | $19,991 | $285,956 | $114,044 |
| 9 | $5,733 | $19,609 | $280,223 | $119,777 |
| 10 | $6,143 | $19,199 | $274,081 | $125,919 |
| 11 | $6,581 | $18,760 | $267,499 | $132,501 |
| 12 | $7,052 | $18,290 | $260,448 | $139,552 |
| 13 | $7,555 | $17,786 | $252,892 | $147,108 |
| 14 | $8,095 | $17,247 | $244,797 | $155,203 |
| 1550% Paid | $8,673 | $16,668 | $236,124 | $163,876 |
| 16 | $9,293 | $16,049 | $226,831 | $173,169 |
| 17 | $9,957 | $15,385 | $216,874 | $183,126 |
| 18 | $10,668 | $14,674 | $206,206 | $193,794 |
| 19 | $11,430 | $13,911 | $194,776 | $205,224 |
| 20 | $12,247 | $13,095 | $182,529 | $217,471 |
| 21 | $13,122 | $12,220 | $169,408 | $230,592 |
| 22 | $14,059 | $11,283 | $155,349 | $244,651 |
| 23 | $15,063 | $10,278 | $140,286 | $259,714 |
| 24 | $16,139 | $9,202 | $124,146 | $275,854 |
| 25 | $17,292 | $8,049 | $106,854 | $293,146 |
| 26 | $18,528 | $6,814 | $88,326 | $311,674 |
| 27 | $19,851 | $5,490 | $68,475 | $331,525 |
| 28 | $21,269 | $4,072 | $47,206 | $352,794 |
| 29 | $22,789 | $2,553 | $24,417 | $375,583 |
| 30 | $24,417 | $925 | $0 | $400,000 |
How Much House Can I Afford?
The 28/36 rule — used by most lenders to approve mortgages
$
Annual: $99,996
$
Car, student loans, credit cards
With $8,333/month income, you can afford:
28% Rule — Max housing payment
$2,333.24/mo
Lenders prefer under 28% of gross income
36% Rule — Available after debts
$2,999.88/mo
Total DTI including other debts
Estimated home price (20% down, 6.92% rate)
$331,457
Property Tax Rates by State 2026
Annual rate as % of home value · Source: Census Bureau, Tax Foundation
| State | Rate | Annual Tax on $400K | Ranking |
|---|---|---|---|
| New Jersey | 2.23% | $8,920 | #1 |
| Illinois | 2.08% | $8,320 | #2 |
| Connecticut | 1.79% | $7,160 | #3 |
| New Hampshire | 1.77% | $7,080 | #4 |
| Vermont | 1.74% | $6,960 | #5 |
| Texas | 1.60% | $6,400 | #6 |
| Wisconsin | 1.55% | $6,200 | #7 |
| Nebraska | 1.45% | $5,800 | #8 |
| New York | 1.45% | $5,800 | #9 |
| Ohio | 1.40% | $5,600 | #10 |
| Iowa | 1.37% | $5,480 | #11 |
| Michigan | 1.36% | $5,440 | #12 |
| Pennsylvania | 1.35% | $5,400 | #13 |
| Rhode Island | 1.31% | $5,240 | #14 |
| Kansas | 1.22% | $4,880 | #15 |
| Maine | 1.09% | $4,360 | #16 |
| Massachusetts | 1.04% | $4,160 | #17 |
| Minnesota | 1.01% | $4,040 | #18 |
| South Dakota | 1.01% | $4,040 | #19 |
| Maryland | 0.99% | $3,960 | #20 |
| Alaska | 0.92% | $3,680 | #21 |
| Missouri | 0.88% | $3,520 | #22 |
| Oklahoma | 0.85% | $3,400 | #23 |
| Florida | 0.83% | $3,320 | #24 |
| Georgia | 0.83% | $3,320 | #25 |
| Washington | 0.83% | $3,320 | #26 |
| North Dakota | 0.82% | $3,280 | #27 |
| Oregon | 0.82% | $3,280 | #28 |
| Virginia | 0.82% | $3,280 | #29 |
| North Carolina | 0.77% | $3,080 | #30 |
| California | 0.75% | $3,000 | #31 |
| Indiana | 0.74% | $2,960 | #32 |
| Montana | 0.74% | $2,960 | #33 |
| Kentucky | 0.72% | $2,880 | #34 |
| Mississippi | 0.63% | $2,520 | #35 |
| New Mexico | 0.62% | $2,480 | #36 |
| Tennessee | 0.60% | $2,400 | #37 |
| Idaho | 0.58% | $2,320 | #38 |
| Arkansas | 0.57% | $2,280 | #39 |
| Delaware | 0.57% | $2,280 | #40 |
| Wyoming | 0.57% | $2,280 | #41 |
| Washington DC | 0.56% | $2,240 | #42 |
| Louisiana | 0.53% | $2,120 | #43 |
| Utah | 0.52% | $2,080 | #44 |
| Arizona | 0.51% | $2,040 | #45 |
| South Carolina | 0.51% | $2,040 | #46 |
| Colorado | 0.49% | $1,960 | #47 |
| West Virginia | 0.49% | $1,960 | #48 |
| Nevada | 0.47% | $1,880 | #49 |
| Alabama | 0.38% | $1,520 | #50 |
| Hawaii | 0.28% | $1,120 | #51 |
Rates shown are effective rates (median taxes paid / median home value). Actual rates vary by county. Source: 2024 ACS data.
Property Tax Details
California Property Tax Guide
Property Tax Overview
Proposition 13 caps property tax at 1% of purchase price plus a max 2% annual increase. Effective rate appears low (0.75%) but new buyers pay ~1.1% of current market value. Property taxes are very low for long-term owners.
Annual Tax
$5,888
on avg home
Monthly
$491
added to payment
Major Cities
Los Angeles
Median $875,000
1.10%
prop. tax
San Francisco
Median $1,350,000
0.76%
prop. tax
San Diego
Median $895,000
1.00%
prop. tax
Sacramento
Median $490,000
1.10%
prop. tax
Fresno
Median $355,000
1.10%
prop. tax
Oakland
Median $765,000
0.76%
prop. tax
First-Time Buyer Programs
California Dream For All Shared Appreciation Loan provides up to 20% of purchase price. CalHFA offers multiple down payment assistance programs.
Average HOA: $380/month — factor this into your total housing budget when comparing properties.
FAQ
California Mortgage Questions
What is the property tax rate in California?
What is the average home price in California in 2026?
Are there first-time homebuyer programs in California?
How much do I need for a down payment in California?
What is homeowners insurance in California?
What is a conforming loan limit and does it apply in California?
Should I choose a 15-year or 30-year mortgage in California?
Explore More Free Calculators
All free, all updated for 2026