​Keep in mind there are several factors that affect a mortgage rate.  Some of the those include credit score, property type, occupancy, and percentage of down payment-among others.  These factors would have a direct affect on the mortgage rate you ultimately receive.  An online payment calculator is a great tool however it will never be as accurate as what you can discover from a discussion with an experienced loan professional.

 

​Some tips on calculating a monthly mortgage payment

 

Most lenders use 1.25% of the sales price to estimate property taxes on a California home purchase.

 

Home insurance can vary quite a bit based on property location and amenities like home size, age, construction type etc.  Urban subdivision homes will typically have a much lower annual home insurance premium compared to a home located in the high fire risk areas of the California foothills or mountains.  Annual home insurance premiums can range from just under a thousand dollars a year to as much as $6 to $10k or more.  Obtain a quote from a licensed insurance agent as soon as possible to determine a property's annual home insurance premium.​​