Mortgage Payment in New York: Calculator With Property Tax
By Atlas by RapidTool · Updated
A monthly mortgage payment in New York combines principal, interest and property tax. The estimated property tax rate in New York is 1.3% of home value per year, about $5,200 on a $400,000 home.
- Property tax rate: 1.3% of home value per year, ranked 11 of 50 states, highest first
- Example: about $2,623 per month on a $400,000 home (20% down, 30 years)
- Add homeowners insurance in the calculator for a fuller estimate
Monthly payment at common home prices (20% down, 30 years)
| Home price | Principal + interest | Property tax | Total |
|---|---|---|---|
| $200,000 | $1,095 | $217 | $1,311 |
| $300,000 | $1,642 | $325 | $1,967 |
| $400,000 | $2,189 | $433 | $2,623 |
| $500,000 | $2,737 | $542 | $3,279 |
New York vs nearby states
| State | Property tax rate | Tax on a $400,000 home |
|---|---|---|
| New York | 1.3% | $5,200 |
| New Jersey | 1.88% | $7,520 |
| Pennsylvania | 1.26% | $5,040 |
| Connecticut | 1.54% | $6,160 |
| Vermont | 1.51% | $6,040 |
How it works in New York
Property tax in New York is estimated at 1.3% of home value per year. Your payment also depends on price, down payment, interest rate, term and homeowners insurance, which you can enter above.
What this estimate includes
- Principal and interest on a fixed-rate loan
- New York property tax at the state's estimated rate
- Optional homeowners insurance that you enter
- Not included: HOA fees, private mortgage insurance, closing costs
Common questions
Does this New York mortgage calculator include homeowners insurance?
Only if you enter it in the calculator. Insurance varies by home and location.
Is the mortgage interest rate current?
The default is the national weekly average as of October 1, 2026. Your lender's rate will differ.
What about HOA fees and PMI?
They are not included. With under 20% down, private mortgage insurance may add to the payment.
Estimates for planning only. See the disclaimer.
Keep exploring
Paycheck Calculator in New York · Car Insurance Cost in New York · All New York pages · Mortgage Payment by state
Nearby states: New Jersey · Pennsylvania · Connecticut · Vermont