Free localized tools
California Mortgage Calculator
Calculate monthly mortgage payments for California homes. Factors in California Proposition 13 property tax caps (~0.75%–1.25%), homeowners exemption ($7,000), and local HOA dues.
2026 Tax & Benchmark Rate Estimates:
Estimated monthly payment (PITI+)
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- P&I
- Property tax
- Insurance
- PMI / FHA MIP
- HOA dues
- Loan amount
- Taxable value after homestead
See What You Could Save
Securing a 6.50% rate instead of the 7.50% average saves tens of thousands in interest.
🎉 Extra Payment Impact
💡 Mortgage Extra Payment Payoff Calculator
See how much interest you save and how many years you cut off your mortgage by adding an extra monthly payment toward principal.
Your Total Extra Payment Savings
$0
0 years
Estimated buyer closing costs
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Loan amount:
FHA HECM reverse mortgages generally require borrowers to be at least 62 years old.
- Principal Limit Factor
- Principal limit
- Net proceeds to you
- Remaining equity
Uses simplified HUD PLF estimates. HUD counseling is required before closing a HECM.
California Mortgage Rates & Proposition 13 Tax Caps
Under California Proposition 13, general property taxes are capped at 1% of the property's purchase price at the time of sale, plus small local voter-approved bonds (averaging ~0.75% to 1.25% effective rate).
Annual assessment increases under Prop 13 are limited to a maximum of 2% per year until the property changes ownership, providing long-term tax stability for California homeowners.
How to Use This Mortgage Calculator
Enter your home price, down payment, loan term, and interest rate. Select your state to automatically pre-fill local property tax rates and homestead exemptions. Your estimated monthly payment updates instantly.
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1. Home price
Enter the total purchase price of the home, or your home's current market value if you are refinancing.
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2. Down payment
Enter your down payment dollar amount or percentage. Putting less than 20% down on a conventional loan adds Private Mortgage Insurance (PMI).
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3. Select loan program
Choose Conventional, FHA (3.5% down with 1.75% upfront MIP), or VA (0% down for eligible military borrowers).
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4. Loan term & interest rate
Select a 30-year or 15-year fixed loan term and enter your quoted interest rate. Shorter terms have higher monthly payments but save significant interest.
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5. Property taxes & state exemptions
Our calculator automatically applies state-specific tax defaults (FL 0.91%, TX 1.60%, CA 0.75%, NY 1.69%) and applies homestead exemptions.
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6. Extra monthly payment (optional)
Add an optional extra principal payment amount to see exactly how many years you cut off your loan and how much interest you save.
Our calculator includes estimated property taxes, homeowners insurance, PMI, and HOA dues. You can customize any input to match your exact lender quote.