Home / Irvine, CA
Mortgage Calculator — Irvine, CA
Median home price in Irvine: $1,300,000. Monthly payment: $6,919/month (20% down, 7%, 30yr). Property tax rate: 0.68%.
= $260,000
Monthly Payment
$6,919
Loan Amount
$1,040,000
Total Interest
$1,450,893
Total Cost
$2,750,893
Payment Breakdown
Down Payment$260,000 (9.5%)
Principal$1,040,000 (37.8%)
Total Interest$1,450,893 (52.7%)
Irvine Mortgage Payments by Rate
| Rate | 15-Year | 30-Year | Total Interest (30yr) |
|---|---|---|---|
| 5.5% | $8,498 | $5,905 | $1,085,802 |
| 6% | $8,776 | $6,235 | $1,204,717 |
| 6.5% | $9,060 | $6,574 | $1,326,463 |
| 6.75% | $9,203 | $6,745 | $1,388,351 |
| 7% | $9,348 | $6,919 | $1,450,893 |
| 7.25% | $9,494 | $7,095 | $1,514,068 |
| 7.5% | $9,641 | $7,272 | $1,577,859 |
| 8% | $9,939 | $7,631 | $1,707,215 |
Irvine Property Tax & Total Housing Cost
Property Tax Rate
0.68%
$8,840/year
Monthly P&I
$6,919
20% down, 7%, 30yr
Est. Total Monthly
$7,656
P&I + property tax
Affordability in Irvine
10% down ($130,000)$365,173/yr needed
15% down ($195,000)$346,640/yr needed
20% down ($260,000)$328,106/yr needed
25% down ($325,000)$309,573/yr needed
Based on 28% housing cost rule. Includes property tax.