Mortgage Calculator Los Angeles, CA (2026)
Estimate your monthly mortgage payments in Los Angeles using local property tax rates and current California real estate data.
Monthly Payment Estimate for Los Angeles
Estimated Monthly Payment
Los Angeles Real Estate Market Overview
Buying a home in Los Angeles, California requires careful financial planning. With a median home price of $954,296 — higher than the national median of $412,000 — and an average 30-year mortgage rate of 7.15%, most buyers in Los Angeles can expect a monthly payment of approximately $6,445 on a 20% down payment.
Los Angeles's property tax rate of 0.7% adds approximately $557/month to your housing costs. Combined with homeowner's insurance, the total monthly housing expense for the median home in Los Angeles is approximately $7,400/month.
The real estate landscape in and specifically within Los Angeles limits has shown resilient trends. Local economic factors in California continue to drive demand, while inventory levels dictate the seller market conditions residents are currently experiencing. Potential homeowners should also account for local Los Angeles utility costs and potential HOA fees which can vary significantly by neighborhood.
Affordability Analysis
Can you afford the typical home in Los Angeles based on the median income?
In Los Angeles, the median household income is $76,174. Based on your calculated monthly payment of , this represents of the median local income.
How Much House Can You Afford in Los Angeles?
Determining your budget in Los Angeles depends on several factors beyond just the purchase price. Lenders typically look at your Debt-to-Income (DTI) ratio. In Los Angeles, with a median household income of $76,174, local banks generally prefer a total housing payment that stays below $1,777 per month.
If you are earning the median income for Los Angeles, you might find that homes priced between $228,523 and $342,785 are within your "comfortable" to "stretch" range. However, with the current Los Angeles median home value at $954,296, many first-time buyers are looking at creative financing options or larger down payments to keep monthly costs manageable.
Mortgage Rate Comparison: Los Angeles vs National Average
| Term | Los Angeles Average | National Average | Difference |
|---|---|---|---|
| 30-Year Fixed | 7.15% | 7.15% | 0.00% |
| 15-Year Fixed | 6.45% | 6.45% | 0.00% |
Mortgage rates in Los Angeles are currently 0 percentage points below the national average for a standard 30-year fixed-rate mortgage. Local rates are influenced by the state's economic conditions and lender competition within the California market.
Understanding Your Mortgage in Los Angeles, California
The local real estate market in Los Angeles is currently a seller market, with homes selling in an average of 74 days. Home values have increased 3.9% over the past 12 months.
When calculating your affordability in Los Angeles, consider more than just the mortgage principal and interest. Your total monthly "PITI" (Principal, Interest, Taxes, and Insurance) should ideally not exceed 28% of your gross monthly income. In Los Angeles, where the median household income is $76,174, a recommended maximum monthly payment would be around $1,777.
Closing costs in California are another critical factor. Usually ranging from 2% to 5% of the loan amount, buyers in Los Angeles should expect to pay between $19,086 and $47,715 upfront. These costs cover title insurance, appraisal fees, and local Los Angeles government recording fees.
Choosing between a 15-year and 30-year mortgage in Los Angeles depends on your monthly cash flow. While a 15-year mortgage offers lower interest rates (currently around 6.45% locally), the monthly payments are significantly higher than the 30-year option at 7.15%.
Amortization Schedule
| Year | Principal | Interest | Balance |
|---|---|---|---|
* Schedule shows yearly totals. Total of 360 payments for 30-year term.
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Frequently Asked Questions — Mortgages in Los Angeles
What is the average mortgage payment in Los Angeles, CA?
Based on the median home price of $954,296 in Los Angeles with a 20% down payment and the current average rate of 7.15%, the estimated monthly mortgage payment is $5,156. This includes principal and interest only — adding property taxes (0.7%) and insurance brings the total to approximately $6,111/month.
What is the property tax rate in Los Angeles, CA?
The effective property tax rate in Los Angeles is 0.7%, which is lower than the national average of 1.07%. On a $954,296 home, you would pay approximately $6,680/year ($557/month) in property taxes.
Is Los Angeles a buyer's or seller's market?
Los Angeles is currently a seller market. Homes are selling in an average of 74 days, and home prices have increased 3.9% over the past year.
What credit score do I need for a mortgage in Los Angeles?
Generally, you'll need a credit score of at least 620 for a conventional mortgage in Los Angeles. However, FHA loans may be available with scores as low as 580. A higher score typically results in a lower interest rate, which can significantly reduce your monthly payment on a $954,296 home.
How much do I need for a down payment in Los Angeles?
For the median home price of $954,296 in Los Angeles, a 20% down payment would be $190,859. However, many programs allow for lower down payments, such as 3.5% for FHA ($33,400) or 3% for some conventional loans ($28,629).
What are closing costs in Los Angeles, CA?
Closing costs in Los Angeles typically range from 2% to 5% of the home's purchase price. For a $954,296 home, you should budget between $19,086 and $47,715 to cover origination fees, title insurance, and other administrative costs.