Mortgage Rates in Modesto, California — April 2026
Updated April 2026 | Based on Modesto market data and regional lending conditions
Modesto is a mid-sized California city (pop. 218,464) where housing demand has kept prices relatively accessible. The current 30-year fixed rate here is 6.55% (0.46% above the national average). The median home price of $395,000 translates to roughly $2,258/month with 20% down — requiring an income of about $96,771, which exceeds the local median of $57,800.
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 Modesto, CA, the current 30-year rate is 6.55%. Shorter terms (15-year fixed at 5.79% 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 include FHA loans (6.15%) and VA loans (5.95%), often available at lower rates with reduced down payment requirements.
Current Mortgage Rates in Modesto, CA
Below are the current average mortgage rates available in the Modesto area as of April 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.55% | 6.09% | +0.46% |
| 15-Year Fixed | 5.79% | 5.58% | +0.21% |
| 5/1 ARM | 6.05% | 5.95% | +0.1% |
| FHA | 6.15% | 5.85% | +0.3% |
| VA | 5.95% | 5.65% | +0.3% |
| Jumbo | 6.75% | 6.25% | +0.5% |
Modesto Housing Market Overview
Housing in Modesto sits near the national average at $395,000. With a median household income of $57,800 and a cost of living index of 105.5, some buyers may need to look at lower price points or consider larger down payments.
Monthly Payment Breakdown for Modesto
Based on the median home price of $395,000 with 20% down ($79,000), here is what you can expect to pay monthly in Modesto:
15-Year vs. 30-Year Mortgage in Modesto
Choosing a 15-year mortgage in Modesto at 5.79% instead of a 30-year at 6.55% would save you $249,300 in total interest over the life of the loan. However, your monthly payment would be $2,631 instead of $2,008 — an increase of $623 per month.
Calculate Your Modesto Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Modesto
What are the current mortgage rates in Modesto, CA?
As of April 2026, the average 30-year fixed mortgage rate in Modesto, California is 6.55%, while the 15-year fixed rate is 5.79%. FHA loans average 6.15% and VA loans 5.95%. These rates are 0.46% above the national average of 6.09%.
How much is a monthly mortgage payment in Modesto?
Based on the median home price of $395,000 with 20% down, the estimated monthly mortgage payment in Modesto is $2,008 for principal and interest. Including property taxes of $250/month, the total monthly housing cost is approximately $2,258.
What income do I need to buy a home in Modesto?
Using the 28% rule, you would need an annual income of approximately $96,771 to afford the median-priced home in Modesto at $395,000. The median household income in Modesto is $57,800. This means most households would need to either earn above the median or consider homes below $395,000.
Is Modesto a good place to buy a home in 2026?
Modesto has a moderate cost of living with a cost of living index of 105.5 (national average = 100). The property tax rate in California is 0.76%, which is below the national average. Modesto has a population of 218,464 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), weekly national average adjusted for California regional spread.
- Median home price: $395,000 sourced from Redfin / Zillow real estate listings (2026 data).
- Property tax rate: 0.76% effective rate per Tax Foundation 2026 state property tax data.
- Median household income: $57,800 per US Census Bureau ACS 5-year estimate.
- 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: April 2026. Rates are approximate averages based on regional lending data for the Modesto, California area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.