How Much House Can You Afford at $26,000 Per Month?

A San Juan Capistrano Craftsman-Style home at $26,000 per month

All signs point to another year of climbing home values in Orange County—to the tune of 3 to 4 percent, says Laguna Niguel real estate broker Michael Bianchi. And while inventory remains flat, eased lending standards may entice more buyers next year. “We’re hoping to see some loosening with respect to credit and income,” he says.

On the other hand, he and Esmael Adibi, director of Chapman University’s economic research center, expect interest rates to rise, making borrowing more expensive. “If rates go up one point, it’s like raising the monthly payment 20 to 25 percent,” says Bianchi.

With 20 percent down and a 30-year loan at 4½ percent, this $6.5 million San Juan Capistrano two-story home would cost about $26,000 a month. At 5½ percent, the payment climbs to nearly $30,000.

Wrought-iron gates mark the entrance to the 2-plus-acre property, which encompasses a pool, a spa, a pickleball court, an outdoor fireplace, a greenhouse, and a stable. The 1965 Craftsman-style house on Paseo Monte Vista has six bedrooms and six baths in 9,500 square feet; the garage can accommodate four vehicles. The airy interior includes a home theater, a sauna, and a kitchen with a double oven. Listed by Tim Smith, 949-717-4711.

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