New York Mortgage Calculator

Estimate your monthly payment in New York — including property tax (1.4% effective rate), home insurance, and PMI. Pre-filled with New York averages for 2026.

$
%

= $96,000 down

%
years
Estimated payment
Total monthly payment
$3,163
Principal & interest
$2,491
Property tax (1.4%)
$560
Home insurance
$113
Loan amount
$384,000
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Mortgage costs in New York

Median home price
$480,000
Effective property tax
1.4%
Typical home insurance
$1,350/yr

The average New York homeowner pays roughly $560/month in property tax on a median-priced home, plus about $113/month in home insurance. Property tax is billed by your county — actual rates vary from the state average, so check your county assessor's site for exact figures.

How much house can I afford in New York?

A common rule is to keep total housing costs (PITI) under 28% of gross monthly income. At current rates, buying the median New York home ($480,000) with 20% down requires roughly $135,562 in annual income.

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