Conventional Loan Calculator — California
In California, one-unit loans up to $832,750–$1,249,125 are conforming. With 10% down on the typical $764,000 home, the $687,600 loan carries estimated PMI of 0.72% ($413/mo), which drops off after about 9 years once the balance reaches 80% of the price.
California has the 21st-lowest effective property tax rate of the 50 states at 0.75% — $1,222 less a year than the 0.91% state average on a $764,000 home. Homeowners insurance averages $1,616 a year, the 11th-lowest premium nationally and $1,104 less than the typical state.
Loan Parameters
Total Monthly Payment
$5,613
Principal & Interest + Taxes + Insurance
APR 7.488%
Total Interest
$964,256
Total Cost
$1,913,493
Advanced Parameters
Private Mortgage Insurance (PMI)
Your down payment is below 20%. PMI is estimated at 0.72% annually and is removed here when your LTV reaches 80%.
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
Feb 2035
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | PMI | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $55,062 | $6,944 | $48,117 | $4,951 | $680,656 | $83,344 |
| Year 2 | $55,062 | $7,449 | $47,613 | $4,951 | $673,207 | $90,793 |
| Year 3 | $55,062 | $7,989 | $47,072 | $4,951 | $665,218 | $98,782 |
| Year 4 | $55,062 | $8,570 | $46,492 | $4,951 | $656,648 | $107,352 |
| Year 5 | $55,062 | $9,192 | $45,870 | $4,951 | $647,456 | $116,544 |
| Year 6 | $55,062 | $9,859 | $45,203 | $4,951 | $637,597 | $126,403 |
| Year 7 | $55,062 | $10,575 | $44,487 | $4,951 | $627,022 | $136,978 |
| Year 8 | $55,062 | $11,343 | $43,719 | $4,951 | $615,679 | $148,321 |
| Year 9 | $55,062 | $12,167 | $42,895 | $1,650 | $603,512 | $160,488 |
| Year 10 | $55,062 | $13,050 | $42,012 | — | $590,462 | $173,538 |
| Year 11 | $55,062 | $13,998 | $41,064 | — | $576,465 | $187,535 |
| Year 12 | $55,062 | $15,014 | $40,048 | — | $561,451 | $202,549 |
| Year 13 | $55,062 | $16,104 | $38,958 | — | $545,346 | $218,654 |
| Year 14 | $55,062 | $17,273 | $37,788 | — | $528,073 | $235,927 |
| Year 15 | $55,062 | $18,528 | $36,534 | — | $509,545 | $254,455 |
| Year 16 | $55,062 | $19,873 | $35,189 | — | $489,673 | $274,327 |
| Year 17 | $55,062 | $21,316 | $33,746 | — | $468,357 | $295,643 |
| Year 18 | $55,062 | $22,864 | $32,198 | — | $445,493 | $318,507 |
| Year 19 | $55,062 | $24,524 | $30,538 | — | $420,969 | $343,031 |
| Year 20 | $55,062 | $26,304 | $28,757 | — | $394,665 | $369,335 |
| Year 21 | $55,062 | $28,214 | $26,847 | — | $366,450 | $397,550 |
| Year 22 | $55,062 | $30,263 | $24,799 | — | $336,187 | $427,813 |
| Year 23 | $55,062 | $32,460 | $22,601 | — | $303,727 | $460,273 |
| Year 24 | $55,062 | $34,817 | $20,244 | — | $268,909 | $495,091 |
| Year 25 | $55,062 | $37,346 | $17,716 | — | $231,564 | $532,436 |
| Year 26 | $55,062 | $40,057 | $15,005 | — | $191,507 | $572,493 |
| Year 27 | $55,062 | $42,966 | $12,096 | — | $148,541 | $615,459 |
| Year 28 | $55,062 | $46,085 | $8,976 | — | $102,456 | $661,544 |
| Year 29 | $55,062 | $49,432 | $5,630 | — | $53,024 | $710,976 |
| Year 30 | $55,065 | $53,024 | $2,041 | — | $0 | $764,000 |
Conventional Loan numbers for California
- Typical California home value
- $764,000
- 10% down ($76,400) · Zillow, August 31, 2026
- Loan amount
- $687,600
- conforming in all 58 California counties
- Estimated monthly payment
- $5,613
- APR 7.488%
- California property tax
- 0.75%
- $478/mo
- Homeowners insurance
- $1,616/yr
- $135/mo
- California conforming limit
- $832,750 – $1,249,125
- Above this, the loan is jumbo
- PMI
- 0.72% · $413/mo
- Drops off after 9 years
How much house can you afford in California with a conventional loan?
Highest price where principal, interest, California property tax, insurance and PMI stay within 28% of gross income —10% down, 30-year fixed at 7.03%. Other debts lower these numbers.
| Household income | Housing budget / mo | Max home price | Down payment | vs typical home |
|---|---|---|---|---|
| $50,000 | $1,167 | $143,000 | $14,300 | 19% |
| $75,000 | $1,750 | $225,000 | $22,500 | 29% |
| $100,000 | $2,333 | $306,000 | $30,600 | 40% |
| $125,000 | $2,917 | $387,000 | $38,700 | 51% |
| $150,000 | $3,500 | $469,000 | $46,900 | 61% |
| $200,000 | $4,667 | $632,000 | $63,200 | 83% |
| $250,000 | $5,833 | $794,000 | $79,400 | 104% |
Conventional vs other loan types in California
$764,000 home, each program's typical minimum or default down payment, current average 30-year rate.
| Loan type | Down | Loan amount | Upfront fee | Monthly MI | Total / month | APR |
|---|---|---|---|---|---|---|
| Conventional | 10% · $76,400 | $687,600 | — | $413 PMI | $5,613 | 7.488% |
| FHA | 3.5% · $26,740 | $750,162 | UFMIP $12,902 | $467 MIP | $6,085 | 7.964% |
| VA | 0% · $0 | $780,426 | Funding fee $16,426 | $0 | $5,820 | 7.242% |
| JumboLoan is conforming (≤ $832,750) | 20% · $152,800 | $611,200 | — | $0 | $4,691 | 7.030% |
Frequently asked questions
What is the monthly payment on a $764,000 home with a conventional loan in California?
Estimated $5,613 per month ($4,588 principal & interest, $478 property tax, $135 insurance, $413 PMI) at 7.03% for 30 years, with 10% down. APR 7.488%.
How much is PMI on a California conventional loan?
At 90% loan-to-value, PMI is estimated at 0.72% a year ($413/mo). It can be removed once the balance reaches 80% of the home's original value.
Explore related calculators
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Conventional Loan calculator in nearby states
Data sources & assumptions
- Freddie Mac Primary Mortgage Market Survey (PMMS) — Weekly average as of September 24, 2026
- Zillow Home Value Index (ZHVI), typical home value, all homes — Default home prices; typical value as of August 31, 2026
- FHFA 2026 Conforming Loan Limit Values (one-unit) — 2026 one-unit limits, 56 states & territories
- Effective statewide property tax rate (Tax Foundation, 2026 projections) — Statewide effective rate; county rates vary
- Average annual homeowners premium, $300K dwelling / $1K deductible (industry survey averages) — Statewide average premium
- CFPB — What is private mortgage insurance?
- Homeowners Protection Act (PMI cancellation at 78–80% LTV)
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.