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)
$2,797
- Principal & Interest
- $2,073
- Property Taxes
- $478
- Home Insurance
- $108
- PMI
- $137
Total Interest
$418,346
Total Cost
$957,546
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.