New Jersey
- Principal & interest
- $1,573
- Property tax
- $558
- Home insurance
- $121
- Monthly payment
- $2,252
US Mortgage Calculator by State
$7,800
The yearly property tax difference between New Jersey and Hawaii on the same $400,000 home. Most mortgage calculators ignore it.
New Jersey
$8,920/yr
Hawaii
$1,120/yr
Calculators
Pick your state
Each calculator starts with your state's effective property tax rate and average home insurance premium. Adjust loan amount, down payment, and interest rate from there. Property tax figures are 2026 estimates from Tax Foundation and WalletHub; insurance averages come from Insurance.com and Bankrate.
StateTaxIns / yr
StateTaxIns / yr
StateTaxIns / yr
Alabama
0.40%
$1,900
Alaska
1.04%
$1,100
Arizona
0.62%
$1,500
Arkansas
0.62%
$2,150
California
0.75%
$1,500
Colorado
0.55%
$3,100
Connecticut
1.79%
$1,850
Delaware
0.61%
$900
District of Columbia
0.56%
$1,400
Florida
0.91%
$7,136
Georgia
0.92%
$1,700
Hawaii
0.28%
$660
Idaho
0.69%
$1,100
Illinois
2.07%
$1,650
Indiana
0.84%
$1,500
Iowa
1.47%
$2,050
Kansas
1.41%
$2,700
Kentucky
0.83%
$1,700
Louisiana
0.55%
$2,950
Maine
1.24%
$1,200
Maryland
1.05%
$1,400
Massachusetts
1.14%
$1,850
Michigan
1.38%
$1,400
Minnesota
1.11%
$1,850
Mississippi
0.79%
$1,700
Missouri
0.97%
$1,900
Montana
0.74%
$1,850
Nebraska
1.66%
$2,800
Nevada
0.59%
$1,100
New Hampshire
1.93%
$1,450
New Jersey
2.23%
$1,450
New Mexico
0.78%
$2,020
New York
1.40%
$1,800
North Carolina
0.82%
$1,450
North Dakota
0.98%
$1,900
Ohio
1.36%
$1,450
Oklahoma
0.89%
$3,520
Oregon
0.93%
$1,100
Pennsylvania
1.49%
$1,300
Rhode Island
1.30%
$1,700
South Carolina
0.57%
$1,450
South Dakota
1.17%
$2,400
Tennessee
0.66%
$2,100
Texas
1.49%
$4,250
Utah
0.57%
$1,200
Vermont
1.83%
$1,100
Virginia
0.87%
$1,500
Washington
0.87%
$1,750
West Virginia
0.58%
$1,100
Wisconsin
1.61%
$1,300
Wyoming
0.61%
$1,800
Highest property tax states (above 1.9%) Lowest property tax states (below 0.6%)
The gap
What most mortgage calculators miss
A national mortgage calculator uses one tax rate, one insurance number, and one set of fee rules. The actual cost of owning a home in the United States depends on which state the house sits in, how old the roof is, and what kind of loan you qualify for.
Property tax
A $400,000 home in New Jersey costs $8,920 a year in property tax. The same house in Hawaii: $1,120. The ratio is almost eight to one. Most calculators use a national average of around 1 percent and get both wrong, which is why your actual escrow bill can shock you.
Home insurance
Florida homeowners pay $7,136 a year on average because of hurricane exposure and litigation. Vermont averages $1,100. That is roughly $500/month baked into the mortgage payment before you touch anything else. Oklahoma, Nebraska, and Kansas run high too, thanks to hail and tornadoes.
Loan type fees
FHA MIP stays with the loan for life unless you refinance to a conventional loan. VA has a one time funding fee of around 2.15 percent, waived for disabled veterans. USDA charges a 1 percent upfront fee plus 0.35 percent annual. Conventional PMI drops off at 80 percent loan to value. Each one changes the monthly math by hundreds.
Transfer taxes
Delaware buyers pay 2.99% of the sale price in closing costs. Wyoming, Missouri, and Montana charge no state transfer tax at all. On a $400,000 home that is around $12,000 of difference you only see at the closing table, usually too late to adjust the budget.
Worked example
$300,000 home, 20% down, 30 year fixed
Same loan amount, same credit profile, same interest rate. The monthly payment changes significantly based on where the house is.
| Monthly cost | New Jersey | Texas | Hawaii |
|---|---|---|---|
| Principal & interest | $1,573 | $1,573 | $1,573 |
| Property tax | $558 | $372 | $70 |
| Home insurance | $121 | $354 | $55 |
| Monthly payment | $2,252 | $2,299 | $1,698 |
Texas
- Principal & interest
- $1,573
- Property tax
- $372
- Home insurance
- $354
- Monthly payment
- $2,299
Hawaii
- Principal & interest
- $1,573
- Property tax
- $70
- Home insurance
- $55
- Monthly payment
- $1,698
The sticker rate was 6.85 percent in all three. The true cost of ownership was not. Pick a state above to run the calculation on your own numbers.
Methodology
How the calculators work
Each state calculator uses the standard mortgage amortization formula to compute principal and interest, then layers on property tax, home insurance, PMI or MIP, and HOA fees to produce the full monthly PITI payment. All math runs in your browser; nothing is sent to a server.
Rate data
Current mortgage rates come from FRED, the Federal Reserve Economic Data service operated by the St. Louis Fed. The 30 year fixed conventional rate updates weekly, every Friday morning after the Thursday release.
Tax and insurance figures
State level effective property tax rates are compiled from the Tax Foundation's annual report and WalletHub's 2026 analysis. Average homeowners insurance premiums use the latest numbers from Insurance.com and Bankrate, based on a standardized policy with $300,000 dwelling coverage and a $1,000 deductible. Your actual premium depends on your specific home, roof age, claim history, and credit score.
PMI and loan rules
Private mortgage insurance assumes 0.75 percent annual rate, the industry average for conventional loans. FHA MIP uses the current 0.55 percent annual rate with the 1.75 percent upfront fee financed into the loan. VA funding fees follow the first use, 0 percent down schedule. All of these can vary; the calculator provides a reasonable estimate, not a quote.
What we do not include
Closing costs, inspection fees, escrow prepaid items, and ongoing maintenance are not included in the monthly payment estimate. The true cost of homeownership guide walks through what else to budget for.
Guides
Mortgage topics worth understanding
Plain English explainers on the pieces of a mortgage that catch buyers off guard.
PMI Explained: When You Pay It and How to Finally Get Rid of It
So I was helping my cousin shop for her first house last spring, and the loan officer threw out this phrase casually: "You'll have PMI, by the way."…
FHA or Conventional: Which Loan Fits You Better
My neighbor sold his starter home last year and bought something bigger. The whole process took him three months because he kept flipping back and forth…
Closing Costs by State: What Buyers Really Pay at the Table
I had this moment, a couple of years back, when I was helping my sister review her closing disclosure. She had budgeted for closing costs of about eight…
First Time Buyer Mistakes That Cost People Thousands
I have watched three friends buy their first home in the last two years. One did it well. Two of them made expensive mistakes that are still bugging them. I…
The True Cost of Owning a Home, Beyond the Monthly Mortgage
Here is a question I asked my parents a few years ago. If a mortgage payment is 1,800 a month, how much does the house actually cost you per month to own? My…
VA Loans: Benefits a Lot of Veterans Overlook
A guy I used to work with served four years in the Marines, came home, and bought a house with a conventional loan. He put twenty percent down to avoid PMI.…
Frequently asked
About these calculators
What is PITI?
PITI stands for principal, interest, taxes, and insurance. It is the full monthly payment a homeowner makes, not just the loan portion. Many calculators show only principal and interest, which can understate the real cost by 30 to 50 percent.
Why do property taxes vary so much between states?
States without income tax, like Texas and Florida, lean more heavily on property tax to fund local services. States with high home values, like Hawaii, can keep tax rates low because the base is already large. The result is dramatic variation, from 0.28 percent in Hawaii to 2.23 percent in New Jersey.
Do these calculators include PMI?
Yes. If your down payment is below 20 percent on a conventional loan, the calculator adds private mortgage insurance to the monthly payment. It also handles FHA MIP, VA funding fees, and USDA guarantee fees.
How often are mortgage rates updated?
Rates are pulled weekly from FRED, the Federal Reserve Economic Data service, every Friday. The number shown on each calculator reflects the most recent published 30 year fixed conventional average.
Can I compare two states side by side?
Not yet. For now, open two calculators in different browser tabs and enter the same purchase price and down payment in each.
Is this financial advice?
No. The calculators and guides are informational tools built on public data. For personal mortgage advice, work with a licensed mortgage professional in your state.