Mortgage on a $850K house in California
$5,508 a month with 20% down — $4,574 principal and interest plus $509 property tax and $425 insurance.
California's typical property tax is 0.72% of the home's value a year (U.S. average 0.9%), which adds $509 a month on a $850K home. The typical home in California is worth $761,538, so $850K is 12% above the typical price.
$850K home in California: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $170,000 | $680,000 | $4,574 | $0 | $934 | $5,508 | $236,100 |
| 10% down | $85,000 | $765,000 | $5,146 | $319 | $934 | $6,399 | $274,200 |
| 5% down | $42,500 | $807,500 | $5,432 | $336 | $934 | $6,702 | $287,200 |
| 3.5% down (FHA) | $29,750 | $834,604 | $5,614 | $376 | $934 | $6,924 | $296,800 |
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 $850K buy a typical home?
In these counties the typical home value is within 15% of $850K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Monterey County | $841,129 | 0.63% | $5,445 |
| Napa County | $869,491 | 0.69% | $5,488 |
| Ventura County | $869,794 | 0.68% | $5,479 |
| Los Angeles County | $871,674 | 0.68% | $5,481 |
| San Luis Obispo County | $897,661 | 0.68% | $5,483 |
| Sonoma County | $782,980 | 0.7% | $5,494 |
| San Diego County | $926,979 | 0.68% | $5,478 |
| Contra Costa County | $768,394 | 0.83% | $5,584 |
| San Benito County | $763,020 | 0.81% | $5,574 |
| Mono County | $758,836 | 0.65% | $5,462 |
45 of 58 California counties tracked by Zillow have a typical home value at or below $850K. See all California home prices.
Other prices in California
Frequently asked questions
What is the mortgage on a $850K house in California?
About $5,508 a month with 20% down at 7.11%: $4,574 principal and interest, $509 property tax and $425 insurance.
How much do I need to make to buy a $850K house in California?
About $236,100 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $850K house in California?
At California's typical effective rate of 0.72%, about $6,107 a year. Rates vary by county and city — see the county pages.