New York City mortgage calculator
New York City is one of the most expensive housing markets in the country, and monthly costs vary dramatically between the boroughs — Manhattan and Brooklyn sit far above Staten Island or the Bronx.
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New York City mortgage inputs
Enter your gross monthly income above to see an affordability read (based on the standard 28% front-end DTI guideline).
Loan amount: $320,000
Starts from New York's 1.3% average effective property-tax rate. Your rate in the five boroughs may differ — edit any field for your exact numbers.
Buying a home in New York City
Property taxes in NYC are assessed through a famously complex class system, and co-ops and condos are taxed differently from one- to three-family homes. Many buyers also face monthly co-op maintenance or condo common charges that can rival a small mortgage on their own, so always add those to your estimate. Because prices are so high, even a small rate difference moves the payment substantially here.
As a worked example, a $400,000 home with 20% down and a 6.55% 30-year fixed rate works out to about $2,033 a month in principal and interest, plus roughly $433 for property tax at New York's 1.3% average — a core cost near $2,466 before insurance and any HOA. Enter New York City prices you're actually seeing to get your real figure.
See more New York mortgage details →
Frequently asked questions
How much is a monthly mortgage payment in New York City?
It depends on the home price, your rate, and your down payment. As an example, a $400,000 home with 20% down at 6.55% over 30 years is about $2,033 in principal and interest, plus roughly $433 a month for New York's 1.3% average property tax — before insurance and any HOA or maintenance charges.
Does this calculator include New York City property taxes?
Yes — it starts from New York's statewide average effective property-tax rate of 1.3%. Local rates in the five boroughs can differ, so check your county assessor and adjust the property-tax field for your exact number.
Does the calculator store my information?
No. Everything is calculated in your browser — no account, no email, no lead form, nothing saved or sent to a server.