Mortgage Calculator

New York Mortgage Calculator

The true cost of owning a home in New York includes property tax at 1.40%, homeowners insurance averaging $1,800/year, transfer tax, plus PMI if your down payment is under 20 percent.

Current 30 year fixed, conventional: 6.85% · as of October 10, 2026

Start from a preset:

Your home

Home price

State median: $400,000

Down payment

Loan term Shorter term = higher payment, less total interest

Your loan

Loan type Not sure? Compare loan types →

Interest rate

Live FRED 30yr fixed: 6.85%

Monthly extras

Property tax rate

New York average: 1.40%

Home insurance

State average: $1,800/yr

HOA fees

Leave 0 if no HOA

Your monthly payment

—

Payment breakdown

Principal & interest—

Property tax—

Home insurance—

PMI—

MIP (FHA/USDA)—

HOA—

Loan summary

Loan amount—

Down payment—

Total interest—

Loan payoff—

At closing

New York closing costs

New York charges a real estate transfer tax of about 0.400% of the sale price, typically paid by the seller.

NY State transfer tax: 0.4% (under $3M) or 0.65% (over $3M). NYC adds 1.0% (under $500k) or 1.425% (over $500k). Mansion tax 1-3.9% on residential properties over $1M. Attorney required for closing.

New York requires an attorney to conduct real estate closings. Typical attorney fees: $500 to $1,500.

Compare

Other Northeast states

Same calculator, different numbers. Pick one to see how New York's costs compare.