Amortization Calculator for California

Mortgage Amortization in California

California homebuyers typically finance homes near the median value of $785,000. California remains the most expensive state for housing. After a 2022-2023 correction of 10-15%, prices have recovered in most metros. San Jose, San Francisco, and Orange County lead nationally.

Conforming Loan Limits in California

The conforming loan limit in California is $1,089,300. Most California coastal counties qualify for high-cost area limits of up to $1,089,300. San Francisco, Santa Cruz, and Marin counties are at the national ceiling. Loans up to this amount qualify for conventional Fannie Mae/Freddie Mac financing, the most common amortized mortgage product.

Understanding Your Full Monthly Cost in California

Amortization shows your principal and interest payment, but your true monthly housing cost includes:

• Property taxes: California's effective rate is 0.71% — roughly $464/month at the median home value
• Homeowner's insurance: Typically $100–200/month in most California markets
• PMI: Required if your down payment is under 20%, usually 0.5–1% of the loan annually

Closing Costs at Purchase

Expect to pay around $7,200 in closing costs when buying in California. California charges a documentary transfer tax of $1.10/$1,000 of value statewide, with most counties and cities adding their own transfer taxes. Los Angeles city charges an additional 0.45%, and properties over $5M face higher rates.

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