Mortgage on a $250K house in California
$1,620 a month with 20% down — $1,345 principal and interest plus $150 property tax and $125 insurance.
California's typical property tax is 0.72% of the home's value a year (U.S. average 0.9%), which adds $150 a month on a $250K home. The typical home in California is worth $761,538, so $250K is 67% below the typical price.
$250K home in California: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $50,000 | $200,000 | $1,345 | $0 | $275 | $1,620 | $69,400 |
| 10% down | $25,000 | $225,000 | $1,514 | $94 | $275 | $1,882 | $80,700 |
| 5% down | $12,500 | $237,500 | $1,598 | $99 | $275 | $1,971 | $84,500 |
| 3.5% down (FHA) | $8,750 | $245,472 | $1,651 | $111 | $275 | $2,037 | $87,300 |
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 $250K buy a typical home?
In these counties the typical home value is within 15% of $250K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Trinity County | $235,389 | 0.58% | $1,591 |
| Lassen County | $230,824 | 0.72% | $1,621 |
| Siskiyou County | $281,544 | 0.64% | $1,603 |
3 of 58 California counties tracked by Zillow have a typical home value at or below $250K. See all California home prices.
Other prices in California
Frequently asked questions
What is the mortgage on a $250K house in California?
About $1,620 a month with 20% down at 7.11%: $1,345 principal and interest, $150 property tax and $125 insurance.
How much do I need to make to buy a $250K house in California?
About $69,400 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $250K house in California?
At California's typical effective rate of 0.72%, about $1,796 a year. Rates vary by county and city — see the county pages.