Calculate Your Monthly Payment
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Select a program to apply FHA/VA/USDA rules.
$
20.0% of home price
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%
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Used to estimate potential Year‑2 escrow shock if taxes reset after purchase.
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$
$
Extra payments reduce balance faster and can end PMI sooner.
Total Monthly Payment
$0
Principal & Interest • Tax • Insurance • PMI • HOA
Principal & Interest
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Property Tax
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Insurance
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PMI
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HOA
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Loan Amount
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Principal & Interest
Property Tax
Home Insurance
PMI
Total Interest Paid
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Total Principal + Interest
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Disclaimer: Results shown are estimates for educational purposes only and do not constitute financial, tax, legal, or investment advice. Actual payments vary based on lender, credit score, loan type, and local assessments. Consult a licensed mortgage professional for your specific situation.
New York Mortgage Costs at a Glance
Property Tax
1.72%
Nat. Avg: 1.07%
Median Home
$420000
Nat. Avg: $287,000
Avg Insurance
$1560
Nat. Avg: $1,428
Loan Limit
$1,149,825
Nat. Avg: $766,550
Mortgage Costs by City in New York
New York City
~$5,237/mo
Home Price
$750,000
Tax (1.72%)
~$1,075/mo
Est. P&I (7.1% / 20% down)
~$4,032/mo
Buffalo
~$1,390/mo
Home Price
$185,000
Tax (1.72%)
~$265/mo
Est. P&I (7.1% / 20% down)
~$995/mo
Albany
~$1,729/mo
Home Price
$235,000
Tax (1.72%)
~$336/mo
Est. P&I (7.1% / 20% down)
~$1,263/mo
New York First-Time Homebuyer Programs
Understanding Property Taxes in New York
New York has an average property tax rate of 1.72%, which is above the national average of 1.07%.
Frequently Asked Questions
The average property tax rate in New York is 1.72%.
The median home price in New York is approximately $420,000.
New York offers several programs including SONYMA Low Interest Rate Program, Achieving the Dream.