Calculate your monthly mortgage payment in Connecticut. Pre-filled with Connecticut's typical home value of $450,900 (Zillow Home Value Index, August 2026) and an effective property tax rate of 1.66% (Census ACS 2024 1-year, median taxes ÷ median home value).
Est. Monthly Payment
$3,219
Principal & Interest
$2,407
Property Tax / mo
$624
Total Interest Paid
$505,854
| Home Price | $450,900 | Typical home value in Connecticut — Zillow Home Value Index, August 2026 |
| Down Payment | 20% ($90,180) | Assumption — no sourced state average |
| Loan Amount | $360,720 | Home price minus down payment |
| Interest Rate | 7.03% | Freddie Mac PMMS national average, week of 2026-09-24 — not a Connecticut rate |
| Loan Term | 30 years | Assumption |
| Property Tax | 1.66% / year | Connecticut effective rate — Census ACS 2024 1-year, median taxes ÷ median home value |
| Home Insurance | 0.5% / year | Assumption — not a sourced premium |
Programs named for Connecticut: CHFA First-Time Homebuyer Program, Time to Own. This list has no recorded source or date and may be out of date — confirm current programs and eligibility with the Connecticut housing finance agency before you rely on it.
Cost of living: High (index 103.6, MERIC (C2ER index), Second Quarter 2026) · Population: 3,688,496 (Census Bureau estimate, July 1, 2025)
Connecticut has a typical home value of about $450,900 (Zillow Home Value Index, August 2026), above the U.S. typical value of $368,700. With an assumed 20% down payment of $90,180, a buyer would finance $360,720 over 30 years. At the national 7.03% fixed rate, the monthly principal and interest payment comes to $2,407.
The effective property tax rate in Connecticut — median real estate taxes paid divided by median home value — is 1.66% per year (Census ACS 2024 1-year, median taxes ÷ median home value), against 0.89% for the U.S. Combined with an assumed $188 a month for homeowners insurance, the estimated all-in monthly housing cost is about $3,219.
Using the 28% housing cost guideline, you would need a gross annual income of approximately $137,964 to qualify comfortably. The median household income in Connecticut is $96,049 (Census ACS 2024 1-year).
