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Connecticut Mortgage Calculator

Work out your monthly mortgage payment in Connecticut, with property tax, homeowners insurance, PMI and HOA fees.

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20.0% of the price

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More options· Taxes, insurance, PMI, HOA, extra payments
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Per year, % of price

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Per year

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Per month

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Per year, under 20% down

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Monthly payment

$2,864.10

$317,520 loan · paid off in 30 years

Principal & interest
$2,163.89
Total interest
$461,484
What your monthly payment covers
  • Principal & interest$2,164
  • Property tax$549
  • Home insurance$151

What this means

Over 30 years you’d pay $461,484 in interest, on top of the $317,520 you borrow.

In the early years most of each payment is interest, so even a small extra payment each month cuts the total and the time it takes.

Next step

Principal and interest paid each year
$25,970$12,985$0
136912151821242730
PrincipalInterest
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Connecticut mortgage costs at a glance

The typical owner-occupied home in Connecticut is worth $396,900, and its owner pays $6,573 a year in property tax: 1.66% of its value, more than the 0.89% across the US. That's the 3rd highest of the 50 states and DC.

With 20% down and a 30-year loan at 7.24%, the payment on that home is about $2,864 a month: $2,164 of principal and interest, $549 of property tax and $151 of insurance. Use the calculator above to see the exact amounts for the home you’re looking at.

Sources:

Notes for Connecticut

  • Property tax rates vary by county, city and school district, and many states lower the tax on a home you live in (a homestead exemption), so check the rate for the home you’re buying.
  • A standard homeowners policy (HO-3) in Connecticut averaged $1,814 a year in 2022, against $1,569 across the US (the NAIC’s latest figures). Premiums have risen since, so get a quote for the home: costs depend on its value, age and area, and flood and earthquake cover are extra.
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