RateHerald

No link on RateHerald pays us today. When some do, they'll say so, and they'll never change a ranking. How we make money

Connecticut Mortgage Calculator

Your monthly mortgage payment in Connecticut, with Connecticut's effective property tax rate (1.81%) built in, at this week's average rate. The calculator starts at the state's median home value, $366,900.

A $367,000 home with 20% down ($293,600 borrowed) at 7.28% over 30 years costs about $2,729 a month: $2,009 principal and interest plus $721 of tax, insurance and dues.

Monthly payment
$2,729.38
Principal and interest
$2,008.85
Tax, insurance, PMI and HOA
$720.53
Total interest over the loan
$429,585
Loan balance and interest paid over 30 years at 7.28%$0$100k$200k$300k$400k$500k051015202530Years━Balance owed━Interest paid so far
Download the schedule (CSV)
Amortization by year: $293,600 at 7.28%
YearInterestPrincipalBalance
1$21,281.05$2,825.12$290,774.88
2$21,068.38$3,037.79$287,737.10
3$20,839.70$3,266.47$284,470.63
4$20,593.80$3,512.37$280,958.26
5$20,329.39$3,776.77$277,181.49
6$20,045.08$4,061.08$273,120.40
7$19,739.37$4,366.80$268,753.60
8$19,410.64$4,695.53$264,058.08
9$19,057.17$5,049.00$259,009.08
10$18,677.08$5,429.08$253,580.00
11$18,268.39$5,837.78$247,742.22
12$17,828.93$6,277.24$241,464.98
13$17,356.38$6,749.78$234,715.19
14$16,848.27$7,257.90$227,457.30
15$16,301.90$7,804.27$219,653.03
16$15,714.40$8,391.76$211,261.27
17$15,082.68$9,023.49$202,237.78
18$14,403.40$9,702.76$192,535.02
19$13,672.99$10,433.18$182,101.84
20$12,887.59$11,218.57$170,883.27
21$12,043.07$12,063.10$158,820.17
22$11,134.97$12,971.19$145,848.98
23$10,158.52$13,947.65$131,901.33
24$9,108.55$14,997.61$116,903.71
25$7,979.55$16,126.62$100,777.10
26$6,765.56$17,340.61$83,436.49
27$5,460.17$18,645.99$64,790.49
28$4,056.52$20,049.64$44,740.85
29$2,547.21$21,558.96$23,181.89
30$924.27$23,181.89$0.00

This week's mortgage rates →

Monthly payment in Connecticut by home price (20% down, 7%, 30 years, 1.81% tax, $2,000 insurance)

Home pricePrincipal and interestProperty taxTotal
$180,000$958$272$1,396
$280,000$1,490$423$2,080
$370,000$1,969$558$2,694
$550,000$2,927$830$3,924
$730,000$3,885$1,102$5,154

How this calculator works

As the mortgage calculator, with Connecticut's effective property tax rate from the Census Bureau's American Community Survey 2020–2024 5-year estimates: median taxes $6,643 ÷ median value $366,900.

What it assumes

  • Home insurance varies a lot by state and area; enter your quote.
  • County property tax rates differ from the state figure; see the county pages.

Questions people ask

What is the mortgage payment on a median home in Connecticut?

On $366,900 with 20% down at 7% over 30 years: about $1,953 principal and interest and $554 of property tax, $2,673 a month with $2,000 a year of insurance.

What is the median home value in Connecticut?

$366,900 for owner-occupied homes (Census American Community Survey 2020–2024 5-year estimates), against $332,700 nationally.

How much is property tax in Connecticut?

The effective rate is 1.81%, a median $6,643 a year. See Connecticut's property tax page for every county we cover.

How much income do I need for a median Connecticut home?

Under the 28% guideline, about $114,565 a year for the payment above; Connecticut's median household income is $95,781.

Mortgage calculator by state

Related calculators

  • Mortgage CalculatorYour full monthly mortgage payment: principal and interest, property tax, insurance, PMI and HOA dues, at this week's average rate, with a yearly amortization schedule.
  • Connecticut Property Tax CalculatorConnecticut homeowners pay a median $6,643 a year in property tax, 1.81% of a median $366,900 home: the 3rd highest effective rate of the 50 states and DC.
  • Home Affordability CalculatorThe home price your income supports under the 28/36 guideline lenders use, counting your other debts, down payment, taxes and insurance, at this week's average rate.

Sources

Updated by the RateHerald team. The maths is tested against worked examples; report a problem.