Watcharu Finance

Los Angeles, CA mortgage & affordability calculator

The typical home in Los Angeles, CA is worth about $950,000. With 20% down that's a loan near $760,000 — the calculator is pre-filled with that figure. Proposition 13 caps assessed-value growth at 2% a year, so a long-time owner's tax bill can be a fraction of a new buyer's on an identical house. Prices are high relative to local incomes, which pushes many buyers toward longer terms or larger down payments.

$4,934.40 / month

Total interest
$1,016,382
Total paid
$1,776,382
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$190k$380k$570k$760k0612182430Year

How much you need to earn

Los Angeles, CA's median household income is about $83,000 a year. Under standard 28/36 lending rules that supports a home price around $377,585 with 20% down — below the $950,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.

$377,560 max home price

Max loan amount
$187,560
Housing payment budget
$1,937
P&I budget
$1,218
Bound by
front-end ratio

Uses the 28% front-end / 36% back-end DTI guidelines. Lenders vary.

Typical asking rent in Los Angeles, CA is about $2,900 a month, so owning the median home costs roughly $2,753 more per month before tax effects, maintenance, and any change in home value.

Frequently asked questions

What is a typical mortgage payment in Los Angeles, CA?
On the metro's roughly $950,000 typical home with 20% down, the loan is about $760,000. Principal and interest run near $4,934 a month at today's rate, and Los Angeles, CA's property tax plus insurance add about $719, for a full payment near $5,653.
Can I afford a home in Los Angeles, CA on the median income?
The median household income is about $83,000 a year. Under standard 28/36 lending rules that supports a home price around $377,585 with 20% down — below the $950,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Los Angeles, CA?
Typical asking rent is about $2,900 a month. The full owner payment on a median home is near $5,653, so owning costs roughly $2,753 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Los Angeles, CA?
The effective property tax rate in the core county is about 0.75% of market value — roughly $7,125 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Los Angeles, CA rising or falling?
Home values are up about 3% over the past year. Proposition 13 caps assessed-value growth at 2% a year, so a long-time owner's tax bill can be a fraction of a new buyer's on an identical house. Prices are high relative to local incomes, which pushes many buyers toward longer terms or larger down payments.

Nearby metros

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