New York Mortgage Calculator

The Home Price field is pre-filled with New York's median home value (about $450,000). Override with your target home's actual price for a property-specific estimate.

The Property Tax Rate is pre-filled with New York's average effective rate of 1.73%. Within New York, rates vary by county — if you know your specific local rate from your county assessor or last tax bill, override it for a more precise estimate.

The Home Insurance default reflects New York's typical annual premium of approximately $1,400.

Adjust the Down Payment slider to compare scenarios. Below 20% down triggers PMI; the calculator adds it automatically and flags it.

The New York median home, in dollar terms. At $450,000 with a 20% down payment, you bring $90,000 to closing (plus closing costs) and take out a $360,000 mortgage. At today's 6.50% 30-year fixed rate, your monthly principal and interest is roughly $2,275.

New York's ongoing housing costs. The state's average property tax rate of 1.73% produces about $7,785 per year on a median-priced home — typically paid through escrow with your mortgage. Insurance averages $1,400/year in New York.

Total monthly payment (PITI) on the median New York home works out to about $3,041/month at current rates with 20% down and no HOA. Putting less down adds PMI; HOA dues add separately if your specific neighborhood requires them.

Your specific city matters. Median home prices vary widely within New York — major cities are usually 30-100% above the state median, rural areas can be well below. For city-specific calculators with local home prices pre-filled, use the city links below.