New York mortgage calculator
Estimate your monthly mortgage payment for a home in New York, United States. Adjust the home price, down payment, rate, and term below for an instant breakdown. The calculator starts with the New York average effective property-tax rate of 1.3% (among the higher in the U.S.), though your county rate may differ.
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New York 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
Default rate (6.55%, 30-year fixed) is the United States national average as of 2026-07-16 — edit it to match your own quote.
How much is a monthly mortgage payment in New York?
Here's a worked example for New York. On a $400,000 home with 20% down ($80,000), you'd borrow $320,000. At a 6.55% 30-year fixed rate — the current U.S. national average — the principal and interest come to about $2,033 per month. Adding New York's average effective property tax of 1.3% ($5,200 a year, or $433 a month) brings the core housing cost to roughly $2,466 per month, before home insurance and any HOA dues. Enter your own price, down payment, and rate in the calculator above to get your exact number.
Property taxes in New York
New York's average effective property-tax rate is 1.3%, which is above the U.S. average of 0.90% and ranks among the higher of all states. On the $400,000 example home that's $5,200 per year. Rates are set locally, so your actual county or city rate can differ — check your county assessor's site and adjust the property-tax field above to match.
The levers that move this number — deposit size and PMI, rate shopping, insurance, HOA dues — work the same way everywhere. We cover them properly in how mortgage payments work and down payment & PMI rather than repeating them on every state page.
How much house can you afford in New York?
Applying the 28% affordability guideline at a 6.55% 30-year fixed rate with 20% down, against New York's 1.3% average property-tax rate:
| Gross annual income | Max monthly payment (28%) | Est. affordable home price |
|---|---|---|
| $75,000 | $1,750 | $284,000 |
| $100,000 | $2,333 | $378,000 |
| $150,000 | $3,500 | $568,000 |
| $200,000 | $4,667 | $757,000 |
Illustrative only — excludes insurance, HOA, and your other monthly debts. Enter your own income above for a personalised read.
Conforming loan limits in New York — when you cross into jumbo
Limits are set county by county, not state by state. For 2026 the national baseline is $832,750; above your county's limit you're into jumbo territory.
New York is a state where this genuinely varies: 10 of its 62 counties carry a high-cost limit above the $832,750 baseline, topping out at $1,209,750. The rest of the state sits at the baseline. That means two buyers in New York borrowing identical amounts can land on opposite sides of the jumbo line depending only on which county the property is in — worth checking before you assume your rate.
| County | 2026 one-unit limit |
|---|---|
| Bronx County | $1,209,750 |
| Kings County | $1,209,750 |
| Nassau County | $1,209,750 |
| New York County | $1,209,750 |
| Putnam County | $1,209,750 |
Showing the 5 highest of 10 New York counties above the baseline.
Source: FHFA conforming loan limit values, 2026 limit values, announced 2025-11-25 (retrieved 2026-08-15). Limits are reset each November for the following year — see our methodology.
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Frequently asked questions
Is property tax the same everywhere in New York?
No — property tax rates vary by county and even by city within New York. The calculator starts from New York's statewide average effective rate of 1.3%, so check your local assessor's site for your exact county rate and adjust the field to match.
What's the conforming loan limit in New York?
It depends on the county. 10 of New York's 62 counties are designated high-cost, running up to $1,209,750, while the rest use the $832,750 national baseline.