On a $497,000 Chico home (the September 2026 median) with 10% down at 7.28%, principal and interest is about $3,060 a month before property tax and insurance. Change any number below to see your own payment. It is an estimate, not a loan quote.
What does this calculator leave out?
It does not include mortgage insurance (usually required with less than 20% down on a conventional loan), special assessments or voter-approved charges beyond the tax rate you enter, flood or earthquake coverage, or closing costs. The 7.28% starting rate is the Freddie Mac 30-year average as of October 1, 2026, used as an example only. Your rate depends on your credit, down payment and lender, so ask for a live quote. Insurance starts at $0 on purpose: premiums vary a lot by fire zone, so get a real quote before you rely on any total. See what homeowners insurance looks like in Chico.
How are property taxes figured in Butte County?
California's base rate is 1% of the assessed value, and voter-approved charges are added on top by address. The calculator starts at 1.1% as an estimate. The exact number for a property is on its tax bill. Read more in property taxes in Chico.
Frequently Asked Questions
How much is the monthly payment on a $497,000 home in Chico?
With 10% down, a 30-year loan at 7.28%, and a 1.1% property tax rate, principal, interest and property tax come to roughly $3,500 a month, before insurance, mortgage insurance and any HOA. Change the inputs above for your own numbers.
How much does a 1% rate change move a payment?
Going from 6.28% to 7.28% on a $450,000 30-year loan adds about $300 a month in principal and interest.
Does this include closing costs?
No. Buyers in California commonly pay 2% to 5% of the price in closing costs. See Chico closing costs.
This calculator gives estimates for general information only. It is not a loan offer, a quote or financial advice. Confirm every number with a licensed lender. Happy to help you think through a budget. Call or text 707-672-6549.