Quick answer
The median home in Sacramento costs $450K. With 20% down ($90K) at 7% for 30 years, the monthly payment is $2,395/month. Total interest paid over 30 years: $502,232.
Calculator · CA · 2026
Mortgage Calculator for Sacramento, CA (2026)
Pre-filled with Sacramento's median home price of $450K. Compare payments across down payment sizes and loan terms at the current 7.0% baseline rate.
Last updated: April 23, 2026
Sacramento Mortgage Payment Scenarios
Median home price: $450K · Interest rate: 7% · Excludes property taxes and insurance.
| Down Payment | Down ($) | Loan Amount | 30-yr/mo | 15-yr/mo | Total Interest (30yr) |
|---|---|---|---|---|---|
| 5% | $22,500 | $427,500 | $2,844 | $3,842 | $596,401 |
| 10% | $45,000 | $405,000 | $2,694 | $3,640 | $565,011 |
| 20% | $90,000 | $360,000 | $2,395 | $3,236 | $502,232 |
PMI required for <20% down — add ~$100–300/month to payments above.
Rent vs Buy in Sacramento
Monthly cost comparison based on median prices — 20% down, 30-year mortgage at 7%.
Buying (median home)
+ builds equity in $450K asset
Renting (2-bedroom)
Flexibility to move; no equity built
Amortization Over Time
$450K home · 20% down ($360K loan) · 7% · 30 years
Year 1
Year 15
Year 30 (Final)
Frequently Asked Questions
What is the monthly mortgage payment for a home in Sacramento?
The median home price in Sacramento is $450K. With 20% down and a 30-year loan at 7%, the monthly payment is $2,395. Adding estimated property taxes and insurance brings total monthly costs to approximately $2,845.
Is it cheaper to rent or buy in Sacramento?
A 2-bedroom rental in Sacramento averages $1,980/month. Buying the median $450K home with 20% down costs approximately $2,845/month (mortgage + taxes + insurance) — $865 more than renting. However, buying builds equity while renting does not.
How much do I need to earn to buy a home in Sacramento?
Using the 28% housing rule, you need at least $103K–122K in annual gross income to comfortably afford the median $450K home in Sacramento with 20% down. You also need $90K+ saved for the down payment plus 2–5% in closing costs.
What are property taxes like in Sacramento?
CA has a state income tax rate of Up to 13.3%. Property taxes vary by county but on a $450K home, expect $375–$750/month in property taxes (1–2% annual rate). This is in addition to your mortgage payment.