San Jose Mortgage Calculator
Useful for home buyers in all San Jose neighborhoods from Willow Glen to Almaden Valley. Compare with Santa Clara mortgage rates, San Francisco calculations, or explore our advanced mortgage calculator for detailed payment schedules and general loan comparisons.
San Jose has some of the highest home prices in the US. This calculator estimates your payment, PMI, city property tax, transfer tax, and closing costs.
Result
Important Financial Disclaimer
Educational Purpose Only: This mortgage calculator is provided for informational and educational purposes only. The results are estimates based on the information you provide and should not be considered as financial, legal, or investment advice.
- Calculations are approximations and may not reflect actual loan terms
- Interest rates, taxes, and fees change frequently
- Individual financial situations vary significantly
- Property values and market conditions fluctuate
No Financial Advice: This tool does not constitute professional financial, legal, or real estate advice. We are not licensed financial advisors, mortgage brokers, or real estate professionals.
- Consult licensed mortgage professionals for actual loan terms
- Verify all tax rates and fees with official sources
- Get pre-approval before making purchase decisions
- Review all loan documents with qualified professionals
Professional Consultation Required: Always consult with licensed mortgage professionals, financial advisors, real estate agents, and legal counsel before making any real estate or financial decisions. Individual circumstances vary significantly and require personalized guidance.
California mortgage calculator to see statewide rates, or use our income tax calculator to plan for overall tax implications of homeownership.
Average Home Prices in San Jose Neighborhoods (2025)
| Neighborhood | Detached | Semi-Detached | Townhouse | Condo |
|---|---|---|---|---|
| Almaden Valley | $2,200,000 | $1,950,000 | $1,750,000 | $1,200,000 |
| Willow Glen | $2,100,000 | $1,850,000 | $1,650,000 | $1,150,000 |
| Rose Garden | $1,950,000 | $1,700,000 | $1,500,000 | $1,050,000 |
| Cambrian | $1,850,000 | $1,600,000 | $1,400,000 | $950,000 |
| Evergreen | $1,750,000 | $1,500,000 | $1,300,000 | $900,000 |
| Berryessa | $1,450,000 | $1,250,000 | $1,100,000 | $800,000 |
| Downtown San Jose | $1,650,000 | $1,400,000 | $1,200,000 | $850,000 |
| Santana Row | $1,800,000 | $1,550,000 | $1,350,000 | $1,000,000 |
Calculate your mortgage: Use our tools below:
amortization calculator to see payment schedules for these prices
compound interest calculator to understand long-term costs
Santa Clara home prices and statewide mortgage rates for potentially similar options
San Jose Mortgage Economic Overview (2025)
Current San Jose Mortgage Rates
- 30-Year Fixed: 6.5% - 6.9%
- 15-Year Fixed: 6.0% - 6.4%
- 5/1 ARM: 5.8% - 6.2%
- VA Loans: 6.2% - 6.6%
- FHA Loans: 6.4% - 6.8%
interest rate calculator to compare different scenarios
loan calculator for general financing options
Source: Freddie Mac PMMS, Bankrate
San Jose Economic Indicators
- Unemployment: 2.9%
- Median Income: $109,500
- Tech Sector Jobs: 35%
- Min Wage: $17.00/hr
- Population: 1,025,350
salary calculator - Calculate your potential salary
retirement planning tool - Plan for retirement
investment strategies - Build wealth for home purchasing
Sources: Bureau of Labor Statistics, City of San Jose
San Jose Housing Market Trends
Homeownership Rates
- San Jose: 56.8%
- California Average: 55.2%
- First-Time Buyers: 31%
- Cash Purchases: 32%
Market Activity
- Home Sales (YoY): -6.2%
- Days on Market: 22 days
- Inventory: 1.5 months
- Price Growth: +3.2%
Affordability Index
- San Jose Affordability: 15%
- Income Needed: $295,000
- Median Income: $109,500
- Housing Burden: 35.2%
San Jose Neighborhood Housing Data (2025)
| Neighborhood | Median Price | Price/SqFt | Days on Market | Median Rent | Afford % |
|---|---|---|---|---|---|
| Almaden Valley | $2,150,000 | $1,230 | 18 days | $4,200 | 10% |
| Willow Glen | $2,050,000 | $1,180 | 19 days | $4,000 | 11% |
| Rose Garden | $1,900,000 | $1,090 | 22 days | $3,800 | 13% |
| Cambrian | $1,800,000 | $1,030 | 24 days | $3,600 | 14% |
| Evergreen | $1,700,000 | $980 | 26 days | $3,400 | 15% |
| Downtown San Jose | $1,600,000 | $1,120 | 20 days | $3,200 | 16% |
| Berryessa | $1,420,000 | $820 | 28 days | $2,800 | 18% |
Sources: San Jose Planning Department, Zillow Research, Redfin Data Center
Factors Increasing San Jose Home Costs
- Silicon Valley Tech Hub: Major tech companies (Apple, Google, Adobe, eBay, PayPal) driving high demand
- High-Paying Tech Jobs: Average tech salaries significantly above national median
- Limited Land Supply: Geographic constraints and development restrictions
- Strong Job Market: Low unemployment and consistent job growth in tech sector
- International Investment: Foreign and domestic investment capital from tech wealth
- Population Growth: Continued in-migration for tech opportunities
Potential San Jose Housing Relief Factors
- Remote Work Trend: Tech companies offering flexible work reducing housing pressure
- New Development: City approving more high-density housing projects
- Transit-Oriented Development: New housing near VTA light rail and Caltrain
- ADU Ordinances: Accessory dwelling units increasing housing supply
- State Housing Laws: SB 9 and SB 10 enabling more housing density
- Economic Cycles: Tech industry volatility moderating demand periods
San Jose Housing Affordability Challenge
Key Challenges:
- Only 15% of households can afford median-priced home
- $295,000 annual income needed for median home purchase
- Median home price 15.4x median household income
- Rental costs consume 35% of median income
Contributing Factors:
- High concentration of tech companies driving demand
- Limited developable land and slow approval processes
- Competition from high-earning tech workers
- Major Silicon Valley employers nearby (Apple, Google, Adobe)
Impact: Many San Jose residents commute from Central Valley or other areas for affordability. Essential workers often face long commutes to find housing they can afford.
2025 San Jose Housing Market Outlook
Price Projections
- 2025 Growth: +1% to +3%
- Prime Areas: +2% to +4%
- Outer Districts: +0% to +2%
- Condos: +1% to +3%
Market Conditions
- Sales Volume: Gradual recovery expected
- Inventory: Slight improvement to 2.5 months
- New Construction: 5,000 new units planned
- Tech Employment: Cautious hiring, remote work continues
Rate Expectations
- Q2 2025: 6.5% - 7.0%
- Q3 2025: 6.0% - 6.5%
- Q4 2025: 5.5% - 6.0%
- Risk: Fed policy uncertainty could delay cuts
San Jose Economy & Lifestyle Guide
Economic Overview
Industry Composition
- Technology: 45% (Apple, Google, Adobe, eBay, PayPal)
- Manufacturing: 12% (Cisco, Intel, Applied Materials)
- Healthcare: 10% (Kaiser Permanente, Stanford Health)
- Professional Services: 15%
- Government: 8% (City, County, Federal)
- Other: 10%
Economic Indicators
- GDP per Capita: $145,000
- Job Growth (YoY): +1.8%
- Venture Capital: $12.5B (2024)
- Tech Density: #3 globally
- Patent Activity: #4 nationally
- Foreign Investment: $3.2B annually
Cost of Living
Monthly Expenses (Single Person)
- 1BR Apartment Rent: $2,400 - $3,600
- Utilities: $120 - $200
- Groceries: $350 - $550
- Transportation (VTA): $75
- Dining Out: $250 - $600
- Total Monthly: $3,195 - $5,025
Family of 4 Expenses
- 3BR Apartment/House: $4,500 - $7,500
- Childcare (2 kids): $2,500 - $4,000
- Groceries: $700 - $1,000
- Total Monthly: $7,700 - $12,500
Quality of Life
Advantages
- Mild Mediterranean climate year-round (avg 65-75°F)
- Heart of Silicon Valley tech innovation
- Good public transportation (VTA light rail, Caltrain)
- Proximity to nature (Santa Cruz Mountains, beaches)
- Diverse, highly educated population
- Excellent career opportunities in tech
Challenges
- Very high housing costs
- Traffic congestion during peak hours
- High cost of living overall
- Limited affordable housing options
- Earthquake risk
Transportation & Commuting
Public Transit
- VTA Light Rail: $2.50/ride, $75/month pass
- VTA Bus: $2.50/ride, included in pass
- Caltrain: $4-16/ride to SF/Peninsula
- BART: $5-18/ride to SF/East Bay
- Monthly Transit: $75-150 combined
- Clipper Card: Unified payment system
Car Ownership
- Parking: $100-300/month private
- Street Parking: Generally available
- Gas: $4.30-5.20/gallon
- Insurance: $1,600-2,200/year
- Tolls: $5-8 bridge crossings
auto loan calculator - Plan car purchases
Commute Times
- Within San Jose: 15-35 minutes
- To San Francisco: 60-90 minutes
- To Palo Alto: 20-45 minutes
- To Santa Clara: 10-25 minutes
- Peak Hours: 7-9 AM, 5-7 PM
San Jose First-Time Buyer Programs
San Jose Housing Authority Programs
First-Time Homebuyer Program
- Down Payment Assistance: Up to $100,000 (deferred payment loan)
- Interest Rate: 0% to 3% interest (income dependent)
- Income Limits: Up to 120% of Area Median Income
- First-Time Buyer: Required (with some exceptions)
- Homebuyer Education: 8-hour course required
Income Limits (2025) - Santa Clara County
- 1 Person: $142,200
- 2 Person: $162,480
- 3 Person: $182,760
- 4 Person: $203,040
Affordable Housing Development
Inclusionary Housing Program
- Discount: Below-market units in new developments
- Income Limits: 80-120% of Area Median Income
- Resale Restrictions: Limited appreciation upon sale
- Lottery System: Units awarded through city lottery
- Local Preference: San Jose residents get priority
CalHFA Programs
- MyHome Assistance: Up to 3.5% down payment help
- Dream For All: Shared equity loans
- Extra Credit Teacher: Special rates for educators
debt payoff calculator - Manage debt strategies
compound interest planner - Build savings
Additional Resources
Homebuyer Education
Financing Options
- FHA loans (3.5% down payment)
- VA loans (0% down for eligible veterans)
- Conventional loans with PMI
- CalHFA conventional and FHA programs
payment calculator - Compare loan options
interest calculator - Understand costs
Frequently Asked Questions
- San Jose Housing Authority: Down payment assistance up to $100,000 with deferred payment loans
- CalHFA Programs: MyHome Assistance and Dream For All shared equity loans
- Homebuyer Education: Required 8-hour course with certified counselors
- Income Limits: Generally up to 120% of Area Median Income ($203,040 for family of 4)
- Annual Income: $295,000+ (28% debt-to-income rule)
- Down Payment: $350,000 (20%)
- Monthly Payment: $8,200+ (including taxes, insurance, PMI)
- Credit Score: 700+ for best rates
salary calculator to determine if your income supports homebuying
debt payoff calculator to improve your debt-to-income ratio
- Berryessa: $1.4-1.5M median, family-friendly, good transit access
- East San Jose: $1.2-1.4M median, diverse, developing area
- North San Jose: $1.3-1.5M median, tech corridor, newer development
- South San Jose: $1.1-1.3M median, near tech companies
- Planning to stay 7+ years
- Income $200,000+ and stable job
- Have 20%+ down payment saved
- Want to build equity and stability
- Career uncertainty or frequent moves
- Don't have large down payment
- Want flexibility and lower commitment
- Prefer not to handle maintenance
Current rent-to-price ratios in San Jose favor renting in many cases, but building equity and the potential for long-term appreciation make buying attractive for stable residents with sufficient income.
investment calculator to see alternative wealth-building strategies
inflation calculator to understand long-term costs
retirement planner to factor homeownership into your overall financial strategy
How Mortgage Rules Work in San Jose
Taxes & Fees
- Property Tax: San Jose's property tax rate is about 1.25% of assessed value. Taxes are paid in two installments each fiscal year (December and April). See the Santa Clara County Tax Assessor for details.
income tax calculator - Plan for tax implications
- Transfer Tax: San Jose charges a Documentary Transfer Tax of $3.30 per $1,000 of purchase price. This is significantly lower than San Francisco's progressive transfer tax system.
- Recording Fees: Additional fees for recording the deed and mortgage documents (typically $10-50 per document).
Insurance & PMI
- PMI (Private Mortgage Insurance): Required when your down payment is under 20%. PMI is added to your monthly payment until you build 20% equity or refinance.
- Homeowners Insurance: Required by all lenders. San Jose premiums average $1,000-1,800/year depending on property value and coverage.
- Earthquake Insurance: Not required but highly recommended in the Bay Area. Costs $600-2,000/year through California Earthquake Authority (CEA).
- Title Insurance: Protects against ownership disputes, required by lenders.
Closing Costs Example
Example: On a $1,750,000 home with 20% down ($350,000) in San Jose:
Loan Details
- Loan Amount: $1,400,000
- Monthly P&I (6.5%): $8,845
- Property Tax (monthly): $1,823
- Insurance (monthly): $125
- Total Monthly: $10,793
Closing Costs
- Loan Fees: $5,000 - $8,000
- Title/Escrow: $2,500 - $4,000
- Inspections/Appraisal: $1,500 - $2,500
- Transfer Tax: $5,775
- Prepaid Taxes/Insurance: $6,000 - $10,000
- Total Closing Costs: $20,775 - $30,275
Financial Planning:
amortization calculator to see your payment breakdown over time
compound interest calculator to plan savings goals
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Legal Disclaimer & Terms of Use
No Financial Advice
This calculator and all content on this page are provided for educational and informational purposes only. Nothing contained herein constitutes financial, legal, tax, real estate, investment, or professional advice of any kind. We are not licensed financial advisors, mortgage brokers, real estate agents, or legal professionals.
Accuracy Disclaimer
While we strive for accuracy, we make no representations or warranties about the accuracy, completeness, or suitability of the information provided. Calculations are estimates only and may not reflect actual loan terms, rates, or costs. All financial data, tax rates, and market information are subject to change without notice.
No Liability
We disclaim all liability for any damages, losses, or expenses arising from your use of this calculator or reliance on the information provided. This includes but is not limited to direct, indirect, incidental, consequential, or punitive damages.
Professional Consultation Required
Before making any financial decisions, you must consult with qualified professionals including:
- Licensed mortgage brokers or loan officers
- Certified financial planners (CFP)
- Real estate professionals and agents
- Tax advisors and CPAs
- Real estate attorneys
- Insurance professionals
Market Volatility
Silicon Valley real estate markets, interest rates, and lending requirements change frequently. Information provided may become outdated quickly. Always verify current rates, terms, regulations, and San Jose-specific requirements with official sources and licensed professionals.
Individual Circumstances
Every individual's financial situation is unique. Factors such as credit score, employment history, debt-to-income ratio, assets, and local San Jose market conditions significantly impact actual loan terms and affordability. Generic calculations cannot account for these variables.
By using this calculator, you acknowledge that you understand and agree to these terms and limitations.
Last updated: June 27, 2025 | This disclaimer applies to all content and calculations on this page | San Jose-specific tax and fee information subject to change