Quick answer
The median home in Fresno costs $375K. With 20% down ($75K) at 7% for 30 years, the monthly payment is $1,996/month. Total interest paid over 30 years: $418,527.
Calculator · CA · 2026
Mortgage Calculator for Fresno, CA (2026)
Pre-filled with Fresno's median home price of $375K. Compare payments across down payment sizes and loan terms at the current 7.0% baseline rate.
Last updated: April 23, 2026
Fresno Mortgage Payment Scenarios
Median home price: $375K · Interest rate: 7% · Excludes property taxes and insurance.
| Down Payment | Down ($) | Loan Amount | 30-yr/mo | 15-yr/mo | Total Interest (30yr) |
|---|---|---|---|---|---|
| 5% | $18,750 | $356,250 | $2,370 | $3,202 | $497,000 |
| 10% | $37,500 | $337,500 | $2,245 | $3,034 | $470,843 |
| 20% | $75,000 | $300,000 | $1,996 | $2,696 | $418,527 |
PMI required for <20% down — add ~$100–300/month to payments above.
Rent vs Buy in Fresno
Monthly cost comparison based on median prices — 20% down, 30-year mortgage at 7%.
Buying (median home)
+ builds equity in $375K asset
Renting (2-bedroom)
Flexibility to move; no equity built
Amortization Over Time
$375K home · 20% down ($300K loan) · 7% · 30 years
Year 1
Year 15
Year 30 (Final)
Frequently Asked Questions
What is the monthly mortgage payment for a home in Fresno?
The median home price in Fresno is $375K. With 20% down and a 30-year loan at 7%, the monthly payment is $1,996. Adding estimated property taxes and insurance brings total monthly costs to approximately $2,371.
Is it cheaper to rent or buy in Fresno?
A 2-bedroom rental in Fresno averages $1,700/month. Buying the median $375K home with 20% down costs approximately $2,371/month (mortgage + taxes + insurance) — $671 more than renting. However, buying builds equity while renting does not.
How much do I need to earn to buy a home in Fresno?
Using the 28% housing rule, you need at least $86K–102K in annual gross income to comfortably afford the median $375K home in Fresno with 20% down. You also need $75K+ saved for the down payment plus 2–5% in closing costs.
What are property taxes like in Fresno?
CA has a state income tax rate of 9.3% (top bracket). Property taxes vary by county but on a $375K home, expect $313–$625/month in property taxes (1–2% annual rate). This is in addition to your mortgage payment.