Watcharu Finance

Modesto, CA mortgage & affordability calculator

The typical home in Modesto, CA is worth about $460,000. With 20% down that's a loan near $368,000 — the calculator is pre-filled with that figure. Modesto sits in California's Central Valley agricultural belt, with prices well below the coastal metros but still elevated relative to local incomes as Bay Area buyers keep looking inland for affordability. Proposition 13's assessment cap means a long-time owner's tax bill can lag well behind a recent buyer's.

$2,389.29 / month

Total interest
$492,142
Total paid
$860,142
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$92k$184k$276k$368k0612182430Year

How much you need to earn

Modesto, CA's median household income is about $72,000 a year. Under standard 28/36 lending rules that supports a home price around $273,745 with 20% down — below the $460,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.

$273,745 max home price

Max loan amount
$181,745
Housing payment budget
$1,680
P&I budget
$1,180
Bound by
front-end ratio

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

Typical asking rent in Modesto, CA is about $1,900 a month, so owning the median home costs roughly $989 more per month before tax effects, maintenance, and any change in home value.

Frequently asked questions

What is a typical mortgage payment in Modesto, CA?
On the metro's roughly $460,000 typical home with 20% down, the loan is about $368,000. Principal and interest run near $2,389 a month at today's rate, and Modesto, CA's property tax plus insurance add about $500, for a full payment near $2,889.
Can I afford a home in Modesto, CA on the median income?
The median household income is about $72,000 a year. Under standard 28/36 lending rules that supports a home price around $273,745 with 20% down — below the $460,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Modesto, CA?
Typical asking rent is about $1,900 a month. The full owner payment on a median home is near $2,889, so owning costs roughly $989 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Modesto, CA?
The effective property tax rate in the core county is about 1.00% of market value — roughly $4,600 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Modesto, CA rising or falling?
Home values are up about 3% over the past year. Modesto sits in California's Central Valley agricultural belt, with prices well below the coastal metros but still elevated relative to local incomes as Bay Area buyers keep looking inland for affordability. Proposition 13's assessment cap means a long-time owner's tax bill can lag well behind a recent buyer's.

Nearby metros

← All California mortgage figures

← All metro calculators