Mortgage on a $750K house in California
$4,860 a month with 20% down — $4,036 principal and interest plus $449 property tax and $375 insurance.
California's typical property tax is 0.72% of the home's value a year (U.S. average 0.9%), which adds $449 a month on a $750K home. The typical home in California is worth $761,538, so $750K is right at the typical price.
$750K home in California: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $150,000 | $600,000 | $4,036 | $0 | $824 | $4,860 | $208,300 |
| 10% down | $75,000 | $675,000 | $4,541 | $281 | $824 | $5,646 | $242,000 |
| 5% down | $37,500 | $712,500 | $4,793 | $297 | $824 | $5,914 | $253,500 |
| 3.5% down (FHA) | $26,250 | $736,416 | $4,954 | $332 | $824 | $6,110 | $261,800 |
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 $750K buy a typical home?
In these counties the typical home value is within 15% of $750K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Mono County | $758,836 | 0.65% | $4,820 |
| San Benito County | $763,020 | 0.81% | $4,919 |
| Contra Costa County | $768,394 | 0.83% | $4,927 |
| Sonoma County | $782,980 | 0.7% | $4,848 |
| Placer County | $684,800 | 0.84% | $4,939 |
| Monterey County | $841,129 | 0.63% | $4,804 |
| El Dorado County | $648,637 | 0.7% | $4,848 |
40 of 58 California counties tracked by Zillow have a typical home value at or below $750K. See all California home prices.
Other prices in California
Frequently asked questions
What is the mortgage on a $750K house in California?
About $4,860 a month with 20% down at 7.11%: $4,036 principal and interest, $449 property tax and $375 insurance.
How much do I need to make to buy a $750K house in California?
About $208,300 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $750K house in California?
At California's typical effective rate of 0.72%, about $5,388 a year. Rates vary by county and city — see the county pages.