Mortgage on a $350K house in California
$2,268 a month with 20% down — $1,884 principal and interest plus $210 property tax and $175 insurance.
California's typical property tax is 0.72% of the home's value a year (U.S. average 0.9%), which adds $210 a month on a $350K home. The typical home in California is worth $761,538, so $350K is 54% below the typical price.
$350K home in California: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $70,000 | $280,000 | $1,884 | $0 | $385 | $2,268 | $97,200 |
| 10% down | $35,000 | $315,000 | $2,119 | $131 | $385 | $2,635 | $112,900 |
| 5% down | $17,500 | $332,500 | $2,237 | $139 | $385 | $2,760 | $118,300 |
| 3.5% down (FHA) | $12,250 | $343,661 | $2,312 | $155 | $385 | $2,851 | $122,200 |
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 $350K buy a typical home?
In these counties the typical home value is within 15% of $350K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Kern County | $360,205 | 0.88% | $2,316 |
| Glenn County | $360,411 | 0.64% | $2,246 |
| Tulare County | $360,861 | 0.7% | $2,263 |
| Del Norte County | $361,100 | 0.61% | $2,238 |
| Kings County | $363,953 | 0.75% | $2,277 |
| Plumas County | $364,061 | 0.7% | $2,264 |
| Shasta County | $367,699 | 0.69% | $2,261 |
| Colusa County | $371,142 | 0.62% | $2,238 |
| Sierra County | $323,410 | 0.69% | $2,259 |
| Imperial County | $382,001 | 0.77% | $2,284 |
| Tehama County | $315,084 | 0.62% | $2,240 |
| Tuolumne County | $385,440 | 0.66% | $2,251 |
7 of 58 California counties tracked by Zillow have a typical home value at or below $350K. See all California home prices.
Other prices in California
Frequently asked questions
What is the mortgage on a $350K house in California?
About $2,268 a month with 20% down at 7.11%: $1,884 principal and interest, $210 property tax and $175 insurance.
How much do I need to make to buy a $350K house in California?
About $97,200 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $350K house in California?
At California's typical effective rate of 0.72%, about $2,515 a year. Rates vary by county and city — see the county pages.