New York Mortgage Calculator
Estimate your monthly mortgage payment in New York, pre-filled with the state's median home price and ~1.40% property tax rate.
Updated June 2026 · Reviewed by the apitpi team · How we calculate
Taxes, insurance & extra payments
Estimated monthly payment
$3,013
$2,326 principal & interest
- Loan amount
- $368,000
- Total interest
- $469,364
- Total of payments
- $837,364
- Payoff date
- Jun 2056
Loan balance over time
Buying a home in New York
The median single-family home in New York costs around $460,000. With a 20% down payment and a 6.5% 30-year fixed rate, the principal and interest works out to roughly $2,326/month — before adding property tax and homeowners insurance.
New York's property tax matters: at an effective rate near 1.40%, expect about $6,440/year ($537/month) on a median-priced home. The calculator above already includes this estimate — adjust it to match your county.
How New York compares
Among all 50 states, New York has the 10th highest median home price and the 12th highest effective property tax rate. Homes here cost about 31% more than the national median, and property taxes run above the typical state.
| New York | U.S. median | |
|---|---|---|
| Median home price | $460,000 | $350,000 |
| Property tax rate | 1.40% | 0.88% |
| Annual property tax (median home) | $6,440 | $3,080 |
Median price and tax rate are estimates for guidance only. Conforming loan limits: see the FHFA; current rates: Freddie Mac PMMS.
Frequently asked questions
What are property taxes like in New York? +
New York's effective property tax rate is roughly 1.40% of home value per year. On the state's median home price of about $460,000, that's around $6,440 per year, or $537 per month added to your payment.
What's the monthly payment on a median-priced home in New York? +
With 20% down on New York's median home (~$460,000) at a 6.5% rate over 30 years, the principal and interest is about $2,326 per month, before property tax and insurance. Enter your own numbers above for an exact figure.
Is this mortgage calculator free? +
Yes — free, no signup, and all calculations run privately in your browser.