California Mortgage Calculator

Understanding Mortgage Rates in California

California mortgage rates vary based on your credit score, loan type, and down payment. As of 2026, average California mortgage rates are around 6.5% for a 30-year fixed loan. Use our calculator above to see how different rates and home prices affect your monthly payment.

How Property Taxes Work in California

California has an average property tax rate of 0.73%. Property taxes are typically included in your monthly mortgage payment as part of PITI (Principal, Interest, Taxes, and Insurance).

How to Get the Best Mortgage Rate in California

• Improve your credit score - A score of 740+ typically gets the best rates
• Save for a larger down payment - 20%+ down can lower your rate and eliminate PMI
• Compare multiple lenders - Rates vary between lenders by 0.25-0.5%
• Consider different loan types - FHA, VA, and USDA loans offer lower rates for qualifying buyers

California First-Time Homebuyer Programs

California offers several first-time homebuyer programs including down payment assistance, reduced interest rates, and tax credits. Check with your local housing authority for specific programs available in California.