New York mortgage calculator with property tax and insurance
Median home price in New York: $470,000. Effective property tax 1.64%/yr, homeowners insurance ≈ $1,700/yr. Rates updated Oct 8, 2026.
Payment by loan term
| Term | P&I | All-in | Total interest |
|---|---|---|---|
| 10 yr | $4,463 | $5,247 | $159,582 |
| 15 yr | $3,486 | $4,270 | $251,402 |
| 20 yr | $3,029 | $3,813 | $350,967 |
| 30 yr | $2,629 | $3,413 | $570,457 |
Adjust the numbers
Monthly breakdown
Total interest $570,457 · total PMI $0 · paid off in 30 years
Compare loan terms
| Term | Monthly (P&I) | Total monthly | Total interest |
|---|---|---|---|
| 10 years | $4,463 | $5,247 | $159,582 |
| 15 years | $3,486 | $4,270 | $251,402 |
| 20 years | $3,029 | $3,813 | $350,967 |
| 30 years | $2,629 | $3,413 | $570,457 |
Amortization schedule
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 1 | $28,082 | $3,466 | $372,534 |
| 2 | $27,813 | $3,735 | $368,799 |
| 3 | $27,523 | $4,025 | $364,774 |
| 4 | $27,211 | $4,338 | $360,436 |
| 5 | $26,874 | $4,674 | $355,762 |
| 6 | $26,511 | $5,037 | $350,724 |
| 7 | $26,120 | $5,428 | $345,296 |
| 8 | $25,699 | $5,850 | $339,446 |
| 9 | $25,245 | $6,304 | $333,142 |
| 10 | $24,755 | $6,793 | $326,349 |
| 11 | $24,228 | $7,321 | $319,029 |
| 12 | $23,660 | $7,889 | $311,140 |
| 13 | $23,047 | $8,501 | $302,638 |
| 14 | $22,387 | $9,161 | $293,477 |
| 15 | $21,676 | $9,873 | $283,604 |
| 16 | $20,910 | $10,639 | $272,965 |
| 17 | $20,084 | $11,465 | $261,500 |
| 18 | $19,194 | $12,355 | $249,145 |
| 19 | $18,234 | $13,314 | $235,831 |
| 20 | $17,201 | $14,348 | $221,483 |
| 21 | $16,087 | $15,462 | $206,022 |
| 22 | $14,887 | $16,662 | $189,360 |
| 23 | $13,593 | $17,955 | $171,404 |
| 24 | $12,199 | $19,349 | $152,055 |
| 25 | $10,697 | $20,852 | $131,203 |
| 26 | $9,078 | $22,470 | $108,733 |
| 27 | $7,334 | $24,215 | $84,518 |
| 28 | $5,454 | $26,095 | $58,424 |
| 29 | $3,428 | $28,120 | $30,303 |
| 30 | $1,245 | $30,303 | $0 |
Showing 360 payments. Schedule assumes a fixed rate and constant home value for PMI cancellation.
Down payment scenarios in New York
| Down | Cash needed | PMI | Monthly |
|---|---|---|---|
| 3% | $14,100 | $209 | $4,181 |
| 5% | $23,500 | $205 | $4,111 |
| 10% | $47,000 | $194 | $3,936 |
| 15% | $70,500 | $183 | $3,760 |
| 20% | $94,000 | $0 | $3,413 |
| 25% | $117,500 | $0 | $3,249 |
Around the New York median price
| Home price | P&I | All-in monthly |
|---|---|---|
| $355,000 | $1,986 | $2,613 |
| $470,000 | $2,629 | $3,413 |
| $590,000 | $3,300 | $4,248 |
| $705,000 | $3,944 | $5,049 |
Detailed payment examples
FAQ
What is the average property tax rate in New York?
New York's effective property tax rate is about 1.64% of home value per year, which is $642 per month on a $470,000 home. Rates vary by county and by exemptions, so treat this as a planning estimate.
How much is homeowners insurance in New York?
A typical New York policy runs around $1,700 per year ($142 per month). Coastal and hail-prone areas can be significantly higher.
Is a $470,000 home affordable in New York?
At 7.50% with 20% down, the estimated all-in payment is $3,413 per month. Using the 28% rule that implies a household income near $146,000 per year before other debts.