Home and mortgage

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.

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Home priceDown paymentInterest rateStarts at this week's national averageLoan termProperty taxA year, as a share of the price; about 1% is typical, varying widely by countyHome insurance a yearMortgage insurance (PMI)A year, on the loan, only below 20% downHOA dues a month

Monthly payment$2,709.48The answer

Monthly payment

$2,709.48

A $367,000 home with 20% down ($293,600 borrowed) at 7.18% over 30 years costs about $2,709 a month: $1,989 principal and interest plus $721 of tax, insurance and dues.

Principal and interest: $1,988.95
Tax, insurance, PMI and HOA: $720.53
Total interest over the loan: $422,422

Amortization by year: $293,600 at 7.18%

Year	Interest	Principal	Balance
1	$20,986.91	$2,880.47	$290,719.53
2	$20,773.15	$3,094.23	$287,625.30
3	$20,543.53	$3,323.86	$284,301.44
4	$20,296.86	$3,570.52	$280,730.92
5	$20,031.89	$3,835.49	$276,895.43
6	$19,747.26	$4,120.13	$272,775.30
7	$19,441.50	$4,425.88	$268,349.42
8	$19,113.05	$4,754.33	$263,595.09
9	$18,760.23	$5,107.15	$258,487.93
10	$18,381.23	$5,486.16	$253,001.78
11	$17,974.10	$5,893.29	$247,108.49
12	$17,536.75	$6,330.63	$240,777.86
13	$17,066.95	$6,800.43	$233,977.42
14	$16,562.29	$7,305.10	$226,672.33
15	$16,020.17	$7,847.21	$218,825.11
16	$15,437.83	$8,429.56	$210,395.56
17	$14,812.26	$9,055.12	$201,340.44
18	$14,140.28	$9,727.11	$191,613.33
19	$13,418.42	$10,448.96	$181,164.37
20	$12,643.00	$11,224.38	$169,939.98
21	$11,810.03	$12,057.35	$157,882.63
22	$10,915.25	$12,952.14	$144,930.50
23	$9,954.06	$13,913.32	$131,017.17
24	$8,921.55	$14,945.84	$116,071.34
25	$7,812.41	$16,054.98	$100,016.36
26	$6,620.96	$17,246.43	$82,769.94
27	$5,341.09	$18,526.29	$64,243.64
28	$3,966.24	$19,901.14	$44,342.50
29	$2,489.37	$21,378.01	$22,964.49
30	$902.89	$22,964.49	$0.00

Download the schedule (CSV)

This week's mortgage rates

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

Home price	Principal and interest	Property tax	Total
$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.

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.

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Sources

Updated Sep 30, 2026 by the RateHerald team. The maths is tested against worked examples; report a problem.