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CalHFA Conventional Calculator

See how a CalHFA Conventional first mortgage stacks with MyHome, ZIP, and MyAccess down payment assistance — your cash to close and your real monthly payment.

Your numbers

Purchase Price

Appraised Value

Assistance is based on the lesser of the purchase price or appraised value.

Down Payment

CalHFA Conventional minimum is 3% down.

Below the CalHFA Conventional minimum — this program requires at least 3% down.

Interest Rate

Defaults to CalHFA's current Standard Rate Lock rate for this program, updated automatically from CalHFA's published rates.

See CalHFA's current rates

Term

30 years (CalHFA first mortgages are 30-year fixed)

Approximate credit score (optional)

PMI depends heavily on credit score — pick your approximate range for a closer estimate.

Closing Costs

Starts at 2.5% of the purchase price — edit it and your number sticks.

HOA Dues (monthly)

Years Until You Sell or Refinance

Used to estimate what the deferred assistance loans will have grown to when they come due.

County

CalHFA income limits are set by county.

Your Annual Qualifying Income (optional)

County limits

CalHFA income limit—

Sales price limitCalHFA sets no sales price limit

Verify the income limit on CalHFA's official income limits sheet

Down payment assistance

Choose your assistance stack No assistance — CalHFA Conventional only Just the first mortgage, with your own down payment and closing costs. Lien positions: 1st — CalHFA first mortgage. MyHome Up to 3% of the lesser of the price or appraised value. Deferred at 1% simple interest, no monthly payment. Lien positions: 1st — CalHFA first mortgage · 2nd — MyHome. CalPLUS + MyHome + ZIP MyHome 3%, plus ZIP for closing costs only. Lien positions: 1st — CalHFA first mortgage · 2nd — MyHome · 3rd — ZIP.

ZIP size (% of the first mortgage amount)

2% 3%

CalPLUS Access + MyHome + MyAccess MyHome 3%, plus MyAccess at 2.5% of the first mortgage amount, for down payment and/or closing costs. Lien positions: 1st — CalHFA first mortgage · 2nd — MyHome · 3rd — MyAccess.

ZIP is only available with a CalPLUS first mortgage, which carries a slightly higher rate — enter that rate above. MyAccess is only available with a CalPLUS Access first mortgage and must be combined with MyHome. ZIP and MyAccess sit in third position behind MyHome.

Your loan & assistance

Down payment$18,000.00

First mortgage amount$582,000.00

First mortgage LTV97.0%

MyHome assistance (deferred)$18,000.00

Total assistance$18,000.00

Combined loan-to-value (CLTV)100.0%

Estimated cash to close$15,000.00

Monthly payment

Principal & interest$0.00

Total loan amount: $0.00 — the principal & interest above is based on this amount.

Want to lower these early payments? Try the Temporary Buydown Calculator

Property taxes (1.25%/yr est.)$0.00

Homeowner's insurance (0.25%/yr est.)$0.00

Mortgage insurance (PMI)$0.00

HOA dues$0.00

Total monthly payment$0.00

How MGIC sets its mortgage insurance rates — MGIC's official rate page

Deferred assistance payoff

What the deferred assistance will have grown to after 7 years, when it comes due:

MyHome due then (1% simple interest)$0.00

Total due then$0.00

Deferred assistance is due in full when you sell, transfer, refinance, or pay off the first mortgage.

CalHFA Conventional at a glance

First-time homebuyer program — you must not have owned a home in the past 3 years, and homebuyer education is required.
Your income must be within CalHFA's limit for your county — CalHFA sets NO sales price limit.
Minimum credit score 680 (660 if your income is at or below Fannie Mae's HomeReady 80% AMI low-income limit).
Maximum debt-to-income ratio 45% (50% if your credit score is 700 or higher).
Single-family one-unit primary residence — SFR, approved condo or PUD; manufactured homes allowed under CalHFA guidelines.
Primary residence (owner-occupied) only — the borrower and every co-borrower must live in the property; non-owner-occupied co-borrowers are not allowed.
Maximum first loan LTV 97% (95% on High Balance loans over $832,750.00); maximum CLTV 105% with assistance.
Full program guidelines: CalHFA Conventional Loan Programs Handbook (PDF)

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For educational purposes only. Figures are estimates based on the loan amount, note rate, and term you enter; they are not a loan offer, commitment to lend, or a guarantee of any rate or payment. Actual rates, payments, taxes, insurance, and qualification depend on credit profile, property, and lender approval. CalHFA Conventional is a Fannie Mae HFA Preferred™ loan. MyHome and MyAccess accrue 1% simple interest and ZIP accrues 0%; all are deferred with no monthly payment and become due when you sell, transfer, refinance, or pay off the first mortgage. ZIP funds may be used for closing costs only. PMI is estimated using Fannie Mae coverage and MGIC-style rates assuming 720–759 credit. Program terms per CalHFA (calhfa.ca.gov), checked October 2026; limits and terms change — confirm current terms before applying.