Home / Richmond, CA
Mortgage Calculator — Richmond, CA
Median home price in Richmond: $640,000. Monthly payment: $3,406/month (20% down, 7%, 30yr). Property tax rate: 0.75%.
= $128,000
Monthly Payment
$3,406
Loan Amount
$512,000
Total Interest
$714,286
Total Cost
$1,354,286
Payment Breakdown
Down Payment$128,000 (9.5%)
Principal$512,000 (37.8%)
Total Interest$714,286 (52.7%)
Richmond Mortgage Payments by Rate
| Rate | 15-Year | 30-Year | Total Interest (30yr) |
|---|---|---|---|
| 5.5% | $4,183 | $2,907 | $534,549 |
| 6% | $4,321 | $3,070 | $593,092 |
| 6.5% | $4,460 | $3,236 | $653,028 |
| 6.75% | $4,531 | $3,321 | $683,496 |
| 7% | $4,602 | $3,406 | $714,286 |
| 7.25% | $4,674 | $3,493 | $745,387 |
| 7.5% | $4,746 | $3,580 | $776,792 |
| 8% | $4,893 | $3,757 | $840,475 |
Richmond Property Tax & Total Housing Cost
Property Tax Rate
0.75%
$4,800/year
Monthly P&I
$3,406
20% down, 7%, 30yr
Est. Total Monthly
$3,806
P&I + property tax
Affordability in Richmond
10% down ($64,000)$181,378/yr needed
15% down ($96,000)$172,253/yr needed
20% down ($128,000)$163,129/yr needed
25% down ($160,000)$154,005/yr needed
Based on 28% housing cost rule. Includes property tax.