Mortgage Calculator San Diego<

How much of a home or condo in San Diego can you comfortably afford and/or qualify for?

Enter your data into the entry fields in the "Input" column of all three sections.

The calculator will automatically recalculate anytime you press the Tab key after making a change to an input field.

In San Diego, you can calculate the proposed property tax by multiplying it on an annual basis x 1.25% of the purchase price.  The exception to this calculation is properties located in Mello Roos districts, like San Elijo Hills, Carmel Valley, Del Sur, Eastlake, Chula Vista, Carlsbad, Escondido, Lemon Grove, Oceanside, Miramar, Santaluz, Del Sur, Black Mountain Ranch Villages, Carmel Valley, 4S Ranch, San Marcos, Encinitas, Santee, Vista, and Harmony Grove.  Keep in mind a property can be within multiple Community Facilities Districts, and thus have more than one Mello-Roos tax.

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Longer term loans may take a few moments for the report to be generated.

How much income do you need to buy a $1,000,000 house?

A $1,000,000 home or condo will require you to have a qualifiable income of around 2.5 times the mortgage amount PITI.  You'd need around $180,000-$250,000 in annual income depending on your other liabilities like student loans, credit cards, car payments, and any other liabilities on your credit report.  The higher your credit score is the more lenient the lender will be with "maxing" out your debt to income ratio.  Sometimes this is necessary when some of your income isn't considered qualifiable.  For example bonus or commission income, or a partner's income that the underwriting isn't able to use.

How much do you need to make to afford a $2 million home?

A $2,000,000 home or condo will require you to have a qualifiable income of around 2.5 times the mortgage amount PITI.  You'd need around $450,000-$525,000 in annual income depending on your other liabilities like student loans, credit cards, car payments, and any other liabilities on your credit report.  

How much is the average monthly mortgage in San Diego?

In San Diego 4th quarter 2022, the typical residential single family home value is $936,472, with a monthly mortgage payment PITI near $5,000 a month.

How much does a mortgage cost in San Diego?

Total mortgage cost is actually calculated by APR. APR or annual percentage rate takes both the interest rate over the life of the loan and non recurring closing costs to calculate the total mortgage cost.  Rates fluctuate daily on fixed term or adjustable-rate products while points and fees like the appraisal cost, underwriting and admin fees, doc prep fees, and more.