Mortgage on a $400K house in California
$2,592 a month with 20% down — $2,153 principal and interest plus $239 property tax and $200 insurance.
California's typical property tax is 0.72% of the home's value a year (U.S. average 0.9%), which adds $239 a month on a $400K home. The typical home in California is worth $761,538, so $400K is 47% below the typical price.
$400K home in California: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $80,000 | $320,000 | $2,153 | $0 | $439 | $2,592 | $111,100 |
| 10% down | $40,000 | $360,000 | $2,422 | $150 | $439 | $3,011 | $129,100 |
| 5% down | $20,000 | $380,000 | $2,556 | $158 | $439 | $3,154 | $135,200 |
| 3.5% down (FHA) | $14,000 | $392,755 | $2,642 | $177 | $439 | $3,258 | $139,600 |
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 $400K buy a typical home?
In these counties the typical home value is within 15% of $400K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Fresno County | $404,056 | 0.74% | $2,598 |
| Butte County | $394,052 | 0.69% | $2,584 |
| Humboldt County | $412,733 | 0.64% | $2,566 |
| Merced County | $413,640 | 0.67% | $2,577 |
| Mariposa County | $385,831 | 0.61% | $2,557 |
| Tuolumne County | $385,440 | 0.66% | $2,573 |
| Yuba County | $415,272 | 0.74% | $2,601 |
| Amador County | $415,589 | 0.71% | $2,588 |
| Imperial County | $382,001 | 0.77% | $2,610 |
| Madera County | $421,927 | 0.7% | $2,586 |
| Colusa County | $371,142 | 0.62% | $2,558 |
| Calaveras County | $429,409 | 0.73% | $2,595 |
19 of 58 California counties tracked by Zillow have a typical home value at or below $400K. See all California home prices.
Other prices in California
Frequently asked questions
What is the mortgage on a $400K house in California?
About $2,592 a month with 20% down at 7.11%: $2,153 principal and interest, $239 property tax and $200 insurance.
How much do I need to make to buy a $400K house in California?
About $111,100 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $400K house in California?
At California's typical effective rate of 0.72%, about $2,874 a year. Rates vary by county and city — see the county pages.