Mortgage on a $200K house in California
$1,296 a month with 20% down — $1,076 principal and interest plus $120 property tax and $100 insurance.
California's typical property tax is 0.72% of the home's value a year (U.S. average 0.9%), which adds $120 a month on a $200K home. The typical home in California is worth $761,538, so $200K is 74% below the typical price.
$200K home in California: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $40,000 | $160,000 | $1,076 | $0 | $220 | $1,296 | $55,500 |
| 10% down | $20,000 | $180,000 | $1,211 | $75 | $220 | $1,506 | $64,500 |
| 5% down | $10,000 | $190,000 | $1,278 | $79 | $220 | $1,577 | $67,600 |
| 3.5% down (FHA) | $7,000 | $196,378 | $1,321 | $88 | $220 | $1,629 | $69,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.72% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Where in California does $200K buy a typical home?
In these counties the typical home value is within 15% of $200K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Modoc County | $192,295 | 0.69% | $1,292 |
1 of 58 California counties tracked by Zillow have a typical home value at or below $200K. See all California home prices.
Other prices in California
Frequently asked questions
What is the mortgage on a $200K house in California?
About $1,296 a month with 20% down at 7.11%: $1,076 principal and interest, $120 property tax and $100 insurance.
How much do I need to make to buy a $200K house in California?
About $55,500 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $200K house in California?
At California's typical effective rate of 0.72%, about $1,437 a year. Rates vary by county and city — see the county pages.