VA Loan Calculator — California
An eligible VA borrower can buy the typical California home ($764,000) with no down payment. The 2.15% first-use funding fee ($16,426) is rolled into a $780,426 loan, and there is no monthly mortgage insurance — saving about $467 a month versus FHA MIP on the same home.
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
$5,820
Principal & Interest + Taxes + Insurance · no mortgage insurance
APR 7.242%
Total Interest
$1,094,425
Total Cost
$2,095,232
Advanced Parameters
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
N/A
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | PMI | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $62,495 | $7,882 | $54,613 | — | $772,544 | -$8,544 |
| Year 2 | $62,495 | $8,454 | $54,041 | — | $764,090 | -$90 |
| Year 3 | $62,495 | $9,068 | $53,427 | — | $755,022 | $8,978 |
| Year 4 | $62,495 | $9,727 | $52,769 | — | $745,295 | $18,705 |
| Year 5 | $62,495 | $10,433 | $52,062 | — | $734,862 | $29,138 |
| Year 6 | $62,495 | $11,190 | $51,305 | — | $723,672 | $40,328 |
| Year 7 | $62,495 | $12,003 | $50,492 | — | $711,669 | $52,331 |
| Year 8 | $62,495 | $12,874 | $49,621 | — | $698,795 | $65,205 |
| Year 9 | $62,495 | $13,809 | $48,686 | — | $684,985 | $79,015 |
| Year 10 | $62,495 | $14,812 | $47,683 | — | $670,174 | $93,827 |
| Year 11 | $62,495 | $15,887 | $46,608 | — | $654,286 | $109,714 |
| Year 12 | $62,495 | $17,041 | $45,454 | — | $637,245 | $126,755 |
| Year 13 | $62,495 | $18,278 | $44,217 | — | $618,967 | $145,033 |
| Year 14 | $62,495 | $19,606 | $42,890 | — | $599,361 | $164,639 |
| Year 15 | $62,495 | $21,029 | $41,466 | — | $578,332 | $185,668 |
| Year 16 | $62,495 | $22,556 | $39,939 | — | $555,776 | $208,224 |
| Year 17 | $62,495 | $24,194 | $38,301 | — | $531,582 | $232,418 |
| Year 18 | $62,495 | $25,950 | $36,545 | — | $505,632 | $258,368 |
| Year 19 | $62,495 | $27,835 | $34,660 | — | $477,797 | $286,203 |
| Year 20 | $62,495 | $29,856 | $32,639 | — | $447,941 | $316,059 |
| Year 21 | $62,495 | $32,024 | $30,472 | — | $415,918 | $348,082 |
| Year 22 | $62,495 | $34,349 | $28,146 | — | $381,569 | $382,431 |
| Year 23 | $62,495 | $36,843 | $25,652 | — | $344,726 | $419,274 |
| Year 24 | $62,495 | $39,518 | $22,977 | — | $305,208 | $458,792 |
| Year 25 | $62,495 | $42,388 | $20,108 | — | $262,820 | $501,180 |
| Year 26 | $62,495 | $45,465 | $17,030 | — | $217,355 | $546,645 |
| Year 27 | $62,495 | $48,767 | $13,729 | — | $168,588 | $595,412 |
| Year 28 | $62,495 | $52,307 | $10,188 | — | $116,281 | $647,719 |
| Year 29 | $62,495 | $56,106 | $6,390 | — | $60,175 | $703,825 |
| Year 30 | $62,491 | $60,175 | $2,316 | — | $0 | $764,000 |
VA Loan numbers for California
- Typical California home value
- $764,000
- 0% down ($0) · Zillow, August 31, 2026
- Loan amount
- $780,426
- Includes $16,426 financed funding fee
- Estimated monthly payment
- $5,820
- APR 7.242%
- California property tax
- 0.75%
- $478/mo
- Homeowners insurance
- $1,616/yr
- $135/mo
- VA funding fee (first use)
- 2.15% · $16,426
- Financed; exempt with VA disability compensation
- Monthly savings vs FHA MIP
- $467/mo
- Same $764,000 home, FHA at 3.5% down
How much house can you afford in California with a va loan?
Highest price where principal, interest, California property tax and insurance, with the 2.15% VA funding fee financed and no monthly mortgage insurance stay within 28% of gross income —0% 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 | $138,000 | $0 | 18% |
| $75,000 | $1,750 | $217,000 | $0 | 28% |
| $100,000 | $2,333 | $295,000 | $0 | 39% |
| $125,000 | $2,917 | $373,000 | $0 | 49% |
| $150,000 | $3,500 | $452,000 | $0 | 59% |
| $200,000 | $4,667 | $609,000 | $0 | 80% |
| $250,000 | $5,833 | $765,000 | $0 | 100% |
VA 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 va loan in California?
Estimated $5,820 per month ($5,208 principal & interest, $478 property tax, $135 insurance) at 7.03% for 30 years, with 0% down. APR 7.242%.
How much is the VA funding fee on a $764,000 California home?
$16,426 (2.15%) for a first-time user with no down payment. Putting 5% down lowers it to 1.5%, and 10% down to 1.25%.
Explore related calculators
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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
- VA — Funding fee and closing costs
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.