Mortgage Calculator San Diego, CA (2026)
Estimate your monthly mortgage payments in San Diego using local property tax rates and current California real estate data.
Monthly Payment Estimate for San Diego
Estimated Monthly Payment
San Diego Real Estate Market Overview
Buying a home in San Diego, California requires careful financial planning. With a median home price of $928,459 — higher than the national median of $412,000 — and an average 30-year mortgage rate of 7.15%, most buyers in San Diego can expect a monthly payment of approximately $6,271 on a 20% down payment.
San Diego's property tax rate of 0.7% adds approximately $542/month to your housing costs. Combined with homeowner's insurance, the total monthly housing expense for the median home in San Diego is approximately $7,199/month.
The real estate landscape in and specifically within San Diego 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 San Diego utility costs and potential HOA fees which can vary significantly by neighborhood.
Affordability Analysis
Can you afford the typical home in San Diego based on the median income?
In San Diego, the median household income is $92,609. Based on your calculated monthly payment of , this represents of the median local income.
How Much House Can You Afford in San Diego?
Determining your budget in San Diego depends on several factors beyond just the purchase price. Lenders typically look at your Debt-to-Income (DTI) ratio. In San Diego, with a median household income of $92,609, local banks generally prefer a total housing payment that stays below $2,161 per month.
If you are earning the median income for San Diego, you might find that homes priced between $277,827 and $416,740 are within your "comfortable" to "stretch" range. However, with the current San Diego median home value at $928,459, many first-time buyers are looking at creative financing options or larger down payments to keep monthly costs manageable.
Mortgage Rate Comparison: San Diego vs National Average
| Term | San Diego 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 San Diego 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 San Diego, California
The local real estate market in San Diego is currently a seller market, with homes selling in an average of 24 days. Home values have decreased 0.6% over the past 12 months.
When calculating your affordability in San Diego, 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 San Diego, where the median household income is $92,609, a recommended maximum monthly payment would be around $2,161.
Closing costs in California are another critical factor. Usually ranging from 2% to 5% of the loan amount, buyers in San Diego should expect to pay between $18,569 and $46,423 upfront. These costs cover title insurance, appraisal fees, and local San Diego government recording fees.
Choosing between a 15-year and 30-year mortgage in San Diego 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 San Diego
What is the average mortgage payment in San Diego, CA?
Based on the median home price of $928,459 in San Diego with a 20% down payment and the current average rate of 7.15%, the estimated monthly mortgage payment is $5,017. This includes principal and interest only — adding property taxes (0.7%) and insurance brings the total to approximately $5,945/month.
What is the property tax rate in San Diego, CA?
The effective property tax rate in San Diego is 0.7%, which is lower than the national average of 1.07%. On a $928,459 home, you would pay approximately $6,499/year ($542/month) in property taxes.
Is San Diego a buyer's or seller's market?
San Diego is currently a seller market. Homes are selling in an average of 24 days, and home prices have decreased 0.6% over the past year.
What credit score do I need for a mortgage in San Diego?
Generally, you'll need a credit score of at least 620 for a conventional mortgage in San Diego. 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 $928,459 home.
How much do I need for a down payment in San Diego?
For the median home price of $928,459 in San Diego, a 20% down payment would be $185,692. However, many programs allow for lower down payments, such as 3.5% for FHA ($32,496) or 3% for some conventional loans ($27,854).
What are closing costs in San Diego, CA?
Closing costs in San Diego typically range from 2% to 5% of the home's purchase price. For a $928,459 home, you should budget between $18,569 and $46,423 to cover origination fees, title insurance, and other administrative costs.