Mortgage on a $450K house in California
$2,916 a month with 20% down — $2,422 principal and interest plus $269 property tax and $225 insurance.
California's typical property tax is 0.72% of the home's value a year (U.S. average 0.9%), which adds $269 a month on a $450K home. The typical home in California is worth $761,538, so $450K is 41% below the typical price.
$450K home in California: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $90,000 | $360,000 | $2,422 | $0 | $494 | $2,916 | $125,000 |
| 10% down | $45,000 | $405,000 | $2,724 | $169 | $494 | $3,388 | $145,200 |
| 5% down | $22,500 | $427,500 | $2,876 | $178 | $494 | $3,548 | $152,100 |
| 3.5% down (FHA) | $15,750 | $441,849 | $2,972 | $199 | $494 | $3,666 | $157,100 |
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 $450K buy a typical home?
In these counties the typical home value is within 15% of $450K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Stanislaus County | $461,114 | 0.71% | $2,915 |
| Sutter County | $432,267 | 0.75% | $2,929 |
| Calaveras County | $429,409 | 0.73% | $2,919 |
| Madera County | $421,927 | 0.7% | $2,910 |
| Mendocino County | $480,674 | 0.69% | $2,906 |
| Amador County | $415,589 | 0.71% | $2,911 |
| Yuba County | $415,272 | 0.74% | $2,926 |
| Merced County | $413,640 | 0.67% | $2,899 |
| Humboldt County | $412,733 | 0.64% | $2,887 |
| Fresno County | $404,056 | 0.74% | $2,923 |
| Butte County | $394,052 | 0.69% | $2,907 |
| Alpine County | $508,465 | 0.77% | $2,935 |
27 of 58 California counties tracked by Zillow have a typical home value at or below $450K. See all California home prices.
Other prices in California
Frequently asked questions
What is the mortgage on a $450K house in California?
About $2,916 a month with 20% down at 7.11%: $2,422 principal and interest, $269 property tax and $225 insurance.
How much do I need to make to buy a $450K house in California?
About $125,000 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $450K house in California?
At California's typical effective rate of 0.72%, about $3,233 a year. Rates vary by county and city — see the county pages.