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New York Mortgage Calculator

Estimate the monthly PITI payment on a New York home. Preseeded with the state’s 1.40% effective property-tax rate, $1,300 average annual insurance, and $410,000 median home price.

Loan Parameters
$
$
Percentage
20.0 %
Loan Term
Advanced Options
$
Monthly Payment (PITI)
$2,660
Principal & Interest
$2,073
Property Taxes
$478
Home Insurance
$108
Total Interest
$418,346
Total Cost
$957,546
Loan-to-Value
80.0%
Payoff Year
2056

New York Property Tax, Insurance & Home Prices

Effective property-tax rate
1.40%
Avg annual insurance
$1,300
Median home price
$410,000

Statewide averages, last reviewed May 2026. Actual rates and premiums vary significantly by county, city, and parcel — see the notes below.

Notable New York Rules

New York offers the STAR (School Tax Relief) program: Basic STAR for primary residences with household income under ~$500k, and Enhanced STAR for seniors 65+ with income under ~$98k. NYC has its own property-tax system (much lower nominal rates on overvalued Class 1 residences). Long Island and Westchester are dominated by school-tax-driven high bills.

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Frequently Asked Questions

  • New York's statewide effective property-tax rate is approximately 1.40% of home value (last reviewed May 2026). Actual county- and city-level rates vary; check your specific parcel before budgeting.