Mortgage on a $650K house in California
$4,212 a month with 20% down — $3,498 principal and interest plus $389 property tax and $325 insurance.
California's typical property tax is 0.72% of the home's value a year (U.S. average 0.9%), which adds $389 a month on a $650K home. The typical home in California is worth $761,538, so $650K is 15% below the typical price.
$650K home in California: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $130,000 | $520,000 | $3,498 | $0 | $714 | $4,212 | $180,500 |
| 10% down | $65,000 | $585,000 | $3,935 | $244 | $714 | $4,893 | $209,700 |
| 5% down | $32,500 | $617,500 | $4,154 | $257 | $714 | $5,125 | $219,700 |
| 3.5% down (FHA) | $22,750 | $638,227 | $4,293 | $287 | $714 | $5,295 | $226,900 |
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 $650K buy a typical home?
In these counties the typical home value is within 15% of $650K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| El Dorado County | $648,637 | 0.7% | $4,202 |
| Placer County | $684,800 | 0.84% | $4,281 |
| Yolo County | $612,563 | 0.77% | $4,238 |
| Nevada County | $610,265 | 0.75% | $4,232 |
| Riverside County | $602,790 | 0.78% | $4,246 |
| Solano County | $571,152 | 0.75% | $4,228 |
39 of 58 California counties tracked by Zillow have a typical home value at or below $650K. See all California home prices.
Other prices in California
Frequently asked questions
What is the mortgage on a $650K house in California?
About $4,212 a month with 20% down at 7.11%: $3,498 principal and interest, $389 property tax and $325 insurance.
How much do I need to make to buy a $650K house in California?
About $180,500 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $650K house in California?
At California's typical effective rate of 0.72%, about $4,670 a year. Rates vary by county and city — see the county pages.