Home / San Jose, CA
Mortgage Calculator — San Jose, CA
Median home price in San Jose: $1,150,000. Monthly payment: $6,121/month (20% down, 7%, 30yr). Property tax rate: 0.7%.
= $230,000
Monthly Payment
$6,121
Loan Amount
$920,000
Total Interest
$1,283,482
Total Cost
$2,433,482
Payment Breakdown
Down Payment$230,000 (9.5%)
Principal$920,000 (37.8%)
Total Interest$1,283,482 (52.7%)
San Jose Mortgage Payments by Rate
| Rate | 15-Year | 30-Year | Total Interest (30yr) |
|---|---|---|---|
| 5.5% | $7,517 | $5,224 | $960,517 |
| 6% | $7,763 | $5,516 | $1,065,711 |
| 6.5% | $8,014 | $5,815 | $1,173,409 |
| 6.75% | $8,141 | $5,967 | $1,228,157 |
| 7% | $8,269 | $6,121 | $1,283,482 |
| 7.25% | $8,398 | $6,276 | $1,339,368 |
| 7.5% | $8,529 | $6,433 | $1,395,798 |
| 8% | $8,792 | $6,751 | $1,510,228 |
San Jose Property Tax & Total Housing Cost
Property Tax Rate
0.7%
$8,050/year
Monthly P&I
$6,121
20% down, 7%, 30yr
Est. Total Monthly
$6,792
P&I + property tax
Affordability in San Jose
10% down ($115,000)$323,859/yr needed
15% down ($172,500)$307,464/yr needed
20% down ($230,000)$291,069/yr needed
25% down ($287,500)$274,674/yr needed
Based on 28% housing cost rule. Includes property tax.