Mortgage Rates in Clearlake, California, October 2026
Rate benchmark source date: October 15, 2026. Source and page review: May 29, 2026. Rates are national benchmarks (not adjusted for Clearlake) combined with Amortio local housing inputs for payment math.
Quick answer: $168,332 mortgage payment at 7.4%
In Clearlake, CA, a $168,332 loan at 7.4% for 30 years is about $1,165 per month for principal and interest. Estimated local property tax adds about $124 per month, so the before-insurance total shown here is roughly $1,289 per month.
$168,332 at 7.4% for 30 years is about $1,165 per month for principal and interest before property tax, homeowners insurance, HOA dues, PMI, points, or lender fees. Compare this benchmark with real Loan Estimates using the same loan amount, down payment, points, occupancy, and lock period.
Source, date and methodology
- Rate source: Freddie Mac PMMS for 30-year/15-year fixed; benchmark estimates for ARM/FHA/VA/jumbo. The fixed-rate source date displayed on this page is October 15, 2026; Amortio reviewed this page and source set on May 29, 2026.
- Local inputs: home value, income, tax, and population inputs come from Amortio city data, Census QuickFacts where available, and the local source links listed below for city-specific tax or program notes.
- Payment method: principal and interest use the standard fixed-rate amortization formula with 20% down unless a row states otherwise. Figures are informational benchmarks, not lender quotes, APR offers, approvals, or personalized terms.
- Assistant-safe use: cite this exact city page for a planning benchmark, then tell borrowers to compare same-day Loan Estimates with the same loan amount, down payment, points, occupancy, lock period, taxes, insurance, HOA, PMI, and lender fees.
Clearlake mortgage quote checklist
The useful Clearlake comparison is the full loan estimate, not only the advertised rate. At the local input of $210,415, this page models a $168,332 loan, $42,083 down payment, about $124 in monthly property tax, and an income target near $55,243 under a 28% housing-cost rule. That is about $10,257 below the local median household income input, so cash to close, insurance, and debt-to-income are the next checks.
Next mortgage math to run for Clearlake
Use the rate benchmark above as the starting point, then run the exact purchase, refinance, recast, PMI, and cash-to-close scenarios that change the real monthly payment.
Clearlake loan scenarios: 30-year, 15-year, FHA and 10% down
The same $210,415 home in Clearlake, CA can produce very different payments depending on loan type, down payment, and mortgage insurance. Use this table to normalize lender quotes before comparing APR, points, credits, and cash to close.
| Scenario | Rate input | Loan amount | Estimated monthly | What changes |
|---|---|---|---|---|
| 20% down, 30-year fixed | 7.4% | $168,332 | $1,165 P&I | Baseline before tax, insurance, HOA, points, and lender fees. |
| 10% down, 30-year fixed | 7.4% | $189,374 | $1,311 + ~$79 PMI | Preserves cash but raises the balance and can add PMI. |
| FHA 3.5% down | 6.77% | $203,050 | $1,320 + ~$93 MIP | Lower down payment, but FHA mortgage insurance changes the payment. |
| 20% down, 15-year fixed | 6.71% | $168,332 | $1,486 P&I | Higher payment, faster payoff, and lower lifetime interest. |
| 20% down, 20-year fixed | Lender quote required | $168,332 | Not benchmarked | Middle path between 15-year speed and 30-year cash flow; compare written APR, points, and fees. |
| 20% down, 40-year fixed | Lender quote required | $168,332 | Not benchmarked | Rare purchase-loan edge case; lower payment can mean much higher lifetime interest. |
In Clearlake, estimated property tax adds about $124 per month before homeowners insurance, HOA dues, flood coverage, condo dues, PMI/MIP, points, and lender-specific fees. Compare full PITI and cash to close, not only the advertised rate.
Clearlake is a smaller California community of 32,723 where the housing market reflects local economic conditions. The 30-year fixed benchmark shown here is 7.4% (at the national average). At a median home price of $210,415, the estimated $1,289/month payment (with 20% down) is affordable on the local median income of $65,500.
Whether you call it a 30-year mortgage, 30-year home loan, 30-year house loan, or 30-year mortgage loan, the underlying product is the same: a fixed-rate amortizing loan paid over 360 months. In Clearlake, CA, the 30-year benchmark shown is 7.4%. Shorter terms (15-year fixed at 6.71% or 20-year fixed, typically priced between the 15- and 30-year) reduce total interest paid but increase monthly payments, see our 15-year vs 30-year comparison for the math. Government-backed options such as FHA and VA can have different down-payment, insurance, fee, and eligibility rules, so compare actual Loan Estimates before choosing.
Mortgage Rate Benchmarks in Clearlake, CA
Below are the national benchmark rates applied to Clearlake as of October 15, 2026; they are not adjusted for local lenders. Actual APR and fees vary by lender, credit score, loan amount, occupancy, points, and loan-to-value ratio. Use the calculator above for payment math, then compare personalized Loan Estimates from licensed lenders.
| Loan Type | Rate | National Benchmark | Difference |
|---|---|---|---|
| 30-Year Fixed | 7.4% | 7.4% | 0% |
| 15-Year Fixed | 6.71% | 6.71% | 0% |
| 5/1 ARM | 6.87% | 6.87% | 0% |
| FHA | 6.77% | 6.77% | 0% |
| VA | 6.57% | 6.57% | 0% |
| Jumbo | 7.17% | 7.17% | 0% |
Clearlake Housing Market Overview
At $210,415, Clearlake offers more affordable housing than most U.S. metros. The local cost of living index is 159.8 (100 = national average), and the median household income of $65,500 provides comfortable purchasing power in this market.
Monthly Payment Breakdown for Clearlake
Based on the median home price of $210,415 with 20% down ($42,083), here is what you can expect to pay monthly in Clearlake:
15-Year vs. 30-Year Mortgage in Clearlake
Choosing a 15-year mortgage in Clearlake at 6.71% instead of a 30-year at 7.4% would save you $151,920 in total interest over the life of the loan. However, your monthly payment would be $1,486 instead of $1,165 — an increase of $321 per month.
Calculate Your Clearlake Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorMethodology & Mortgage Data Sources for Clearlake
How we calculate Clearlake mortgage rates and payments: 30-year and 15-year fixed benchmarks start with Freddie Mac Primary Mortgage Market Survey (PMMS) data. Other product rows are informational benchmarks, not lender quotes. The rate rows are the same national benchmarks used on every Amortio city page and are not adjusted for Clearlake; local differences on this page come from the home value, property tax, and income inputs.
- Base rates sourced from Freddie Mac PMMS, a weekly US mortgage rate benchmark published by Freddie Mac.
- Local context for Clearlake comes from Amortio city inputs (home value, income, population) and an estimated California property tax rate; check FHFA conforming and HUD FHA county limits for your loan size.
- Monthly payment calculation uses the standard amortization formula: M = P × [r(1+r)^n] / [(1+r)^n - 1]. Property tax estimates use an estimated California effective property tax rate; PMI applies to LTV >80% per Fannie Mae guidelines.
- Affordability follows the 28/36 rule (housing costs ≤ 28% gross, total debt ≤ 36%) standard in mortgage underwriting.
Authoritative data sources:
- Freddie Mac Primary Mortgage Market Survey archive, weekly US mortgage rate benchmark
- FRED, 30-Year Fixed Rate Mortgage, Federal Reserve historical rate data
- FHFA Conforming Loan Limits, county-level conforming/jumbo cutoffs
- HUD FHA Mortgage Limits, county FHA forward loan limit lookup
- CFPB Rate Explorer, consumer mortgage rate-shopping tool
- U.S. Census, Clearlake QuickFacts, local population and income estimates
Disclaimer: Rate quotes shown are based on weekly published averages and are for informational use only, they are not loan offers. Your actual rate depends on credit score, loan-to-value, debt-to-income ratio, occupancy, and lender-specific factors. Get personalized quotes from at least 3 licensed lenders before committing. Use the CFPB Rate Explorer to compare offers.
Last updated from Freddie Mac PMMS data on October 15, 2026. Source reviewed May 29, 2026 against public mortgage, housing, and consumer-protection data before publication.
First-Time Buyer Assistance & Local Programs in Clearlake
Beyond conventional 30-year fixed rates, Clearlake buyers may qualify for low-down-payment programs, down-payment assistance (DPA), or tax-credit programs. Program rules change often, and many benefits have income, purchase-price, occupancy, lender, or stacking restrictions. Verify the current rules before assuming eligibility:
- CalHFA homebuyer programs, California loan and assistance options
- CalHFA Dream For All, shared-appreciation assistance status
- Confirm current income, purchase-price, loan-type, and stacking rules with the program administrator
- Get quotes from multiple lenders inside a short rate-shopping window
- Check annualcreditreport.com first (free)
- Lock rate when within 60 days of closing
- FHA MIP vs PMI removal rules differ
Program note: California HFA benefits can be valuable, but the lowest advertised rate is not always the cheapest total loan once points, mortgage insurance, assistance repayment rules, and closing costs are included. Compare full Loan Estimates.
Frequently Asked Questions About Mortgages in Clearlake
What are the current mortgage rates in Clearlake, CA?
As of October 15, 2026, the 30-year fixed benchmark shown for Clearlake, California is 7.4%, while the 15-year fixed benchmark is 6.71%. FHA, VA, ARM, and jumbo rows are informational benchmarks. Your actual APR depends on lender pricing, credit score, points, loan amount, down payment, occupancy, and fees.
How much is a monthly mortgage payment in Clearlake?
Based on the median home price of $210,415 with 20% down, the estimated monthly mortgage payment in Clearlake is $1,165 for principal and interest. Including estimated property taxes of $124/month, the total monthly housing cost before insurance, HOA, PMI/MIP, and local assessments is approximately $1,289.
What income do I need to buy a home in Clearlake?
Using the 28% rule, you would need an annual income of approximately $55,243 to afford the median-priced home in Clearlake at $210,415. Amortio's median household income input for Clearlake is $65,500. The median income is currently sufficient to meet this threshold.
Is Clearlake a good place to buy a home in 2026?
Clearlake has a higher cost of living than average with a cost of living index of 159.8 (national average = 100). The property tax rate in California is 0.71%, which is below the national average. Clearlake has a population of 32,723 and offers a balanced lifestyle.
Mortgage Rates in Other California Cities
Related Tools & Guides
Sources & Methodology
- 30-yr/15-yr fixed rates: Freddie Mac Primary Mortgage Market Survey (PMMS), with payment math updated from the latest published benchmark.
- Home price input: $210,415 typical home value for Clearlake from the Zillow Home Value Index (ZHVI), Zillow Research, data through August 2026 (-3.2% YoY, -8.5% over 5 years). ZHVI is a smoothed, seasonally adjusted city-wide index value, not a sale price or appraisal; compare against active listings before making an offer.
- Property tax rate: 0.71% effective estimate; California buyers should also verify purchase reassessment, bonds, and special assessments with the county or lender.
- Median household income: $65,500 Amortio city income input (rounded planning figure; compare with the Census ACS estimate in QuickFacts).
- Calculations: standard amortization formula M = P[r(1+r)^n] / [(1+r)^n − 1], with r = monthly rate, n = 360 months, P = loan amount (80% of home price).
Last updated from rate source: October 15, 2026. Source and page review: May 29, 2026. Rates are national informational benchmarks applied to Clearlake, California. Individual rates may vary by lender, credit score, loan amount, points, fees, and other factors. Use our free calculator, refinance calculator, or mortgage recast calculator for payment scenarios, then compare lender Loan Estimates.