Quick answer
The median home in Long Beach costs $825K. With 20% down ($165K) at 7% for 30 years, the monthly payment is $4,391/month. Total interest paid over 30 years: $920,759.
Calculator · CA · 2026
Mortgage Calculator for Long Beach, CA (2026)
Pre-filled with Long Beach's median home price of $825K. Compare payments across down payment sizes and loan terms at the current 7.0% baseline rate.
Last updated: April 23, 2026
Long Beach Mortgage Payment Scenarios
Median home price: $825K · Interest rate: 7% · Excludes property taxes and insurance.
| Down Payment | Down ($) | Loan Amount | 30-yr/mo | 15-yr/mo | Total Interest (30yr) |
|---|---|---|---|---|---|
| 5% | $41,250 | $783,750 | $5,214 | $7,045 | $1,093,401 |
| 10% | $82,500 | $742,500 | $4,940 | $6,674 | $1,035,854 |
| 20% | $165,000 | $660,000 | $4,391 | $5,932 | $920,759 |
PMI required for <20% down — add ~$100–300/month to payments above.
Rent vs Buy in Long Beach
Monthly cost comparison based on median prices — 20% down, 30-year mortgage at 7%.
Buying (median home)
+ builds equity in $825K asset
Renting (2-bedroom)
Flexibility to move; no equity built
Amortization Over Time
$825K home · 20% down ($660K loan) · 7% · 30 years
Year 1
Year 15
Year 30 (Final)
Frequently Asked Questions
What is the monthly mortgage payment for a home in Long Beach?
The median home price in Long Beach is $825K. With 20% down and a 30-year loan at 7%, the monthly payment is $4,391. Adding estimated property taxes and insurance brings total monthly costs to approximately $5,216.
Is it cheaper to rent or buy in Long Beach?
A 2-bedroom rental in Long Beach averages $2,650/month. Buying the median $825K home with 20% down costs approximately $5,216/month (mortgage + taxes + insurance) — $2,566 more than renting. However, buying builds equity while renting does not.
How much do I need to earn to buy a home in Long Beach?
Using the 28% housing rule, you need at least $188K–224K in annual gross income to comfortably afford the median $825K home in Long Beach with 20% down. You also need $165K+ saved for the down payment plus 2–5% in closing costs.
What are property taxes like in Long Beach?
CA has a state income tax rate of 9.3%. Property taxes vary by county but on a $825K home, expect $688–$1,375/month in property taxes (1–2% annual rate). This is in addition to your mortgage payment.