On Coronado the choice between a house and a condo is partly a monthly-payment question. Using Zillow’s typical values and Freddie Mac’s latest average rate, here is what each works out to.
Side by side
| Home type | Typical value | Loan | Principal and interest | Tax and insurance (est.) | Total a month |
|---|---|---|---|---|---|
| Single-family house | $2,970,701 | $2,376,561 | $15,859 | $3,466 | $19,325 |
| Condo | $1,987,116 | $1,589,693 | $10,608 | $2,318 | $12,927 |
The typical single-family home in ZIP 92118 was valued at $2,970,701 in Aug 2026 and the typical condo at $1,987,116. At 7.03% that is a difference of about $5,251 a month in principal and interest. Condos add homeowners-association dues, which are set by each building and are not included here.
How rates change the gap
| Rate | Single-family house | Condo | Gap |
|---|---|---|---|
| 6.03% | $14,295 | $9,562 | $4,733 |
| 6.53% | $15,068 | $10,079 | $4,989 |
| 7.03% (today) | $15,859 | $10,608 | $5,251 |
| 7.53% | $16,666 | $11,148 | $5,518 |
| 8.03% | $17,488 | $11,698 | $5,790 |
Because the loan on a house is larger, every half point of rate moves the house payment by more dollars than the condo payment. Over the last twelve months the typical house value moved +7.5% and the typical condo +6.0%, while the average rate went from 6.30% to 7.03%.
Keep learning
Rudy’s interest-rate series covers how the Fed, the 10-year Treasury, points and loan types affect rates. For Coronado values by price tier, see the market report.
Talk to a lender. Rates, loan programs and approvals come from lenders, not from websites or real estate agents. Talk to your own mortgage broker, or use our preferred lender, Rodrigo Ballon with CrossCountry Mortgage, at 858-735-0255. You are always free to choose any lender you like, and you can verify any lender’s license at nmlsconsumeraccess.org.
Where these numbers come from
Rates are the weekly averages from the Freddie Mac Primary Mortgage Market Survey; home values and rents are from Zillow Research. Payments are principal and interest computed with the standard amortization formula unless a table says otherwise. Data as of Sep 24, 2026. This is general information, not a rate quote, and it makes no predictions.
More on interest rates
- The Fed's Rate Decisions vs. Mortgage Rates: What Is the Difference? — The Federal Reserve sets one short-term rate. Mortgage rates follow a different set of forces. Here is how the two relate, with the recent decisions.
- Fixed Rate, Adjustable Rate and Buydowns: The Basics — How the main loan structures work, and what a temporary or permanent rate buydown means.
General information, not financial advice.
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