Mortgage Rates in Monrovia, California — March 2026
Updated March 2026 | Based on Monrovia market data and regional lending conditions
Monrovia is a growing city in California with a population of 36,753. The current 30-year fixed mortgage rate in Monrovia is 6.63%, which is 0.02% below the national average. With a median home price of $629,000 and a 20% down payment of $125,800, homebuyers can expect a monthly principal and interest payment of approximately $3,224.
Current Mortgage Rates in Monrovia, CA
Below are the current average mortgage rates available in the Monrovia area as of March 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 | 6.63% | 6.65% | -0.02% |
| 15-Year Fixed | 5.9% | 5.89% | +0.01% |
| 5/1 ARM | 6.18% | 6.15% | +0.03% |
| FHA | 6.44% | 6.25% | +0.19% |
| VA | 6.19% | 6.05% | +0.14% |
| Jumbo | 6.88% | 6.85% | +0.03% |
Monrovia Housing Market Overview
The Monrovia housing market is competitive with prices well above the national median. The median household income in Monrovia is $78,800, and the cost of living index is 152.8 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $155,486 to comfortably afford the median-priced home in Monrovia, which exceeds the current median household income.
Monthly Payment Breakdown for Monrovia
Based on the median home price of $629,000 with 20% down ($125,800), here is what you can expect to pay monthly in Monrovia:
15-Year vs. 30-Year Mortgage in Monrovia
Choosing a 15-year mortgage in Monrovia at 5.9% instead of a 30-year at 6.63% would save you $401,220 in total interest over the life of the loan. However, your monthly payment would be $4,219 instead of $3,224 — an increase of $995 per month.
Calculate Your Monrovia Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Monrovia
What are the current mortgage rates in Monrovia, CA?
As of March 2026, the average 30-year fixed mortgage rate in Monrovia, California is 6.63%, while the 15-year fixed rate is 5.9%. FHA loans average 6.44% and VA loans 6.19%. These rates are 0.02% below the national average of 6.65%.
How much is a monthly mortgage payment in Monrovia?
Based on the median home price of $629,000 with 20% down, the estimated monthly mortgage payment in Monrovia is $3,224 for principal and interest. Including property taxes of $404/month, the total monthly housing cost is approximately $3,628.
What income do I need to buy a home in Monrovia?
Using the 28% rule, you would need an annual income of approximately $155,486 to afford the median-priced home in Monrovia at $629,000. The median household income in Monrovia is $78,800. This means most households would need to either earn above the median or consider homes below $629,000.
Is Monrovia a good place to buy a home in 2026?
Monrovia has a higher cost of living than average with a cost of living index of 152.8 (national average = 100). The property tax rate in California is 0.77%, which is below the national average. Monrovia has a population of 36,753 and offers a balanced lifestyle.
Mortgage Rates in Other California Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Monrovia, California area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.