Mortgage on a $900K house in California
$5,832 a month with 20% down — $4,843 principal and interest plus $539 property tax and $450 insurance.
California's typical property tax is 0.72% of the home's value a year (U.S. average 0.9%), which adds $539 a month on a $900K home. The typical home in California is worth $761,538, so $900K is 18% above the typical price.
$900K home in California: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $180,000 | $720,000 | $4,843 | $0 | $989 | $5,832 | $250,000 |
| 10% down | $90,000 | $810,000 | $5,449 | $338 | $989 | $6,775 | $290,400 |
| 5% down | $45,000 | $855,000 | $5,752 | $356 | $989 | $7,097 | $304,100 |
| 3.5% down (FHA) | $31,500 | $883,699 | $5,945 | $398 | $989 | $7,332 | $314,200 |
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 $900K buy a typical home?
In these counties the typical home value is within 15% of $900K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| San Luis Obispo County | $897,661 | 0.68% | $5,806 |
| San Diego County | $926,979 | 0.68% | $5,800 |
| Los Angeles County | $871,674 | 0.68% | $5,804 |
| Ventura County | $869,794 | 0.68% | $5,802 |
| Napa County | $869,491 | 0.69% | $5,811 |
| Monterey County | $841,129 | 0.63% | $5,765 |
| Santa Barbara County | $988,595 | 0.65% | $5,778 |
| Sonoma County | $782,980 | 0.7% | $5,817 |
| Contra Costa County | $768,394 | 0.83% | $5,913 |
49 of 58 California counties tracked by Zillow have a typical home value at or below $900K. See all California home prices.
Other prices in California
Frequently asked questions
What is the mortgage on a $900K house in California?
About $5,832 a month with 20% down at 7.11%: $4,843 principal and interest, $539 property tax and $450 insurance.
How much do I need to make to buy a $900K house in California?
About $250,000 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $900K house in California?
At California's typical effective rate of 0.72%, about $6,466 a year. Rates vary by county and city — see the county pages.