Calculate your California mortgage payment with state-specific property tax rates (0.74% average), income tax (1-13.3%), and 2026 conforming loan limits.

California-Specific Inputs

Home price $750,000

Down payment $150,000 · 20%

Loan term years

Interest rate 6.75%

California Property Tax

Property tax rate annual %

CA average: 0.74% (Prop 13 limits assessments)

Annual property tax $5,550

Other costs

Home insurance annual

HOA fee monthly

California Mortgage Overview

2026 Conforming Loan Limits

Single-family: $1,209,750 (high-cost area)
Two-unit: $1,548,750
Three-unit: $1,872,000
Four-unit: $2,326,500

California Income Tax Rates (2026)

California has a progressive income tax with rates from 1% to 13.3%:

Single filers: 1% - 13.3%
Married filing jointly: 1% - 13.3%
Additional 1% mental health surcharge on income over $1M

California Property Tax (Prop 13)

California property taxes are limited by Proposition 13:

Base rate: 1% of assessed value
Local additions: Average total rate is 0.74% - 1.25%
Assessment increases: Limited to 2% per year
Reassessment: Only when property is sold or improved

First-Time Homebuyer Programs

CalHFA Conventional: Up to 4% down payment assistance
CalHFA FHA: Up to 3.5% down payment assistance
CalHFA VA: Up to 3% down payment assistance for veterans
CalHFA Jumbo: For loans above conforming limits
MyHome Assistance Program: Up to 3.5% for down payment or closing costs

California Mortgage FAQ

What is the average property tax rate in California?

Does California have high income tax?

What are California's conforming loan limits for 2026?

Are there first-time homebuyer programs in California?

Yes, California offers several first-time homebuyer programs through CalHFA (California Housing Finance Agency). These include down payment assistance (up to 4% of loan amount), low-interest rates, and special programs for veterans, teachers, and essential workers. Qualification is subject to income and price limits.

How does Proposition 13 affect my property taxes?

Proposition 13 (1978) limits property tax increases in California. Your property's assessed value can only increase by 2% per year, regardless of market value. When you sell, the property is reassessed at market value. That means long-term homeowners often pay much less in property taxes than new buyers of similar homes.

California Mortgage Calculator