Mortgage Rates in Paramount, California — March 2026
Updated March 2026 | Based on Paramount market data and regional lending conditions
Paramount is a growing city in California with a population of 54,098. The current 30-year fixed mortgage rate in Paramount is 6.72%, which is 0.07% above the national average. With a median home price of $748,000 and a 20% down payment of $149,600, homebuyers can expect a monthly principal and interest payment of approximately $3,869.
Current Mortgage Rates in Paramount, CA
Below are the current average mortgage rates available in the Paramount 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 | 6.72% | 6.65% | +0.07% |
| 15-Year Fixed | 5.97% | 5.89% | +0.08% |
| 5/1 ARM | 6.23% | 6.15% | +0.08% |
| FHA | 6.49% | 6.25% | +0.24% |
| VA | 6.24% | 6.05% | +0.19% |
| Jumbo | 6.97% | 6.85% | +0.12% |
Paramount Housing Market Overview
The Paramount housing market is competitive with prices well above the national median. The median household income in Paramount is $72,500, and the cost of living index is 159.8 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $185,314 to comfortably afford the median-priced home in Paramount, which exceeds the current median household income.
Monthly Payment Breakdown for Paramount
Based on the median home price of $748,000 with 20% down ($149,600), here is what you can expect to pay monthly in Paramount:
15-Year vs. 30-Year Mortgage in Paramount
Choosing a 15-year mortgage in Paramount at 5.97% instead of a 30-year at 6.72% would save you $485,640 in total interest over the life of the loan. However, your monthly payment would be $5,040 instead of $3,869 — an increase of $1,171 per month.
Calculate Your Paramount 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 Paramount
What are the current mortgage rates in Paramount, CA?
As of March 2026, the average 30-year fixed mortgage rate in Paramount, California is 6.72%, while the 15-year fixed rate is 5.97%. FHA loans average 6.49% and VA loans 6.24%. These rates are 0.07% above the national average of 6.65%.
How much is a monthly mortgage payment in Paramount?
Based on the median home price of $748,000 with 20% down, the estimated monthly mortgage payment in Paramount is $3,869 for principal and interest. Including property taxes of $455/month, the total monthly housing cost is approximately $4,324.
What income do I need to buy a home in Paramount?
Using the 28% rule, you would need an annual income of approximately $185,314 to afford the median-priced home in Paramount at $748,000. The median household income in Paramount is $72,500. This means most households would need to either earn above the median or consider homes below $748,000.
Is Paramount a good place to buy a home in 2026?
Paramount 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 0.73%, which is below the national average. Paramount has a population of 54,098 and offers a balanced lifestyle.
Mortgage Rates in Other California Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Paramount, California area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.