Quick answer
The median home in Los Angeles costs $850K. With 20% down ($170K) at 7% for 30 years, the monthly payment is $4,524/month. Total interest paid over 30 years: $948,661.
Calculator · CA · 2026
Mortgage Calculator for Los Angeles, CA (2026)
Pre-filled with Los Angeles's median home price of $850K. Compare payments across down payment sizes and loan terms at the current 7.0% baseline rate.
Last updated: April 23, 2026
Los Angeles Mortgage Payment Scenarios
Median home price: $850K · Interest rate: 7% · Excludes property taxes and insurance.
| Down Payment | Down ($) | Loan Amount | 30-yr/mo | 15-yr/mo | Total Interest (30yr) |
|---|---|---|---|---|---|
| 5% | $42,500 | $807,500 | $5,372 | $7,258 | $1,126,534 |
| 10% | $85,000 | $765,000 | $5,090 | $6,876 | $1,067,243 |
| 20% | $170,000 | $680,000 | $4,524 | $6,112 | $948,661 |
PMI required for <20% down — add ~$100–300/month to payments above.
Rent vs Buy in Los Angeles
Monthly cost comparison based on median prices — 20% down, 30-year mortgage at 7%.
Buying (median home)
+ builds equity in $850K asset
Renting (2-bedroom)
Flexibility to move; no equity built
Amortization Over Time
$850K home · 20% down ($680K loan) · 7% · 30 years
Year 1
Year 15
Year 30 (Final)
Frequently Asked Questions
What is the monthly mortgage payment for a home in Los Angeles?
The median home price in Los Angeles is $850K. With 20% down and a 30-year loan at 7%, the monthly payment is $4,524. Adding estimated property taxes and insurance brings total monthly costs to approximately $5,374.
Is it cheaper to rent or buy in Los Angeles?
A 2-bedroom rental in Los Angeles averages $3,200/month. Buying the median $850K home with 20% down costs approximately $5,374/month (mortgage + taxes + insurance) — $2,174 more than renting. However, buying builds equity while renting does not.
How much do I need to earn to buy a home in Los Angeles?
Using the 28% housing rule, you need at least $194K–230K in annual gross income to comfortably afford the median $850K home in Los Angeles with 20% down. You also need $170K+ saved for the down payment plus 2–5% in closing costs.
What are property taxes like in Los Angeles?
CA has a state income tax rate of Up to 13.3%. Property taxes vary by county but on a $850K home, expect $708–$1,417/month in property taxes (1–2% annual rate). This is in addition to your mortgage payment.