Mortgage on a $600K house in California
$3,888 a month with 20% down — $3,229 principal and interest plus $359 property tax and $300 insurance.
California's typical property tax is 0.72% of the home's value a year (U.S. average 0.9%), which adds $359 a month on a $600K home. The typical home in California is worth $761,538, so $600K is 21% below the typical price.
$600K home in California: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $120,000 | $480,000 | $3,229 | $0 | $659 | $3,888 | $166,600 |
| 10% down | $60,000 | $540,000 | $3,633 | $225 | $659 | $4,517 | $193,600 |
| 5% down | $30,000 | $570,000 | $3,834 | $238 | $659 | $4,731 | $202,800 |
| 3.5% down (FHA) | $21,000 | $589,133 | $3,963 | $265 | $659 | $4,888 | $209,500 |
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 $600K buy a typical home?
In these counties the typical home value is within 15% of $600K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Riverside County | $602,790 | 0.78% | $3,919 |
| Nevada County | $610,265 | 0.75% | $3,906 |
| Yolo County | $612,563 | 0.77% | $3,912 |
| Solano County | $571,152 | 0.75% | $3,903 |
| El Dorado County | $648,637 | 0.7% | $3,879 |
| San Bernardino County | $548,565 | 0.7% | $3,879 |
| Inyo County | $524,036 | 0.74% | $3,898 |
| Sacramento County | $521,128 | 0.73% | $3,896 |
| San Joaquin County | $519,776 | 0.75% | $3,902 |
| Placer County | $684,800 | 0.84% | $3,951 |
35 of 58 California counties tracked by Zillow have a typical home value at or below $600K. See all California home prices.
Other prices in California
Frequently asked questions
What is the mortgage on a $600K house in California?
About $3,888 a month with 20% down at 7.11%: $3,229 principal and interest, $359 property tax and $300 insurance.
How much do I need to make to buy a $600K house in California?
About $166,600 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $600K house in California?
At California's typical effective rate of 0.72%, about $4,311 a year. Rates vary by county and city — see the county pages.