Calculate Your Connecticut Mortgage Payment
Our calculator is pre-filled with Connecticut's median home price and property tax rate. Adjust the numbers to match your situation.
Open Calculator with CT DefaultsMonthly Payment Breakdown for Connecticut
Here's what your monthly payment looks like on the median Connecticut home ($395,000) with 20% down at 6.5%:
Note: This estimate assumes 20% down payment ($79,000), no PMI. With less than 20% down, add $132-$263/month for PMI.
Connecticut Property Taxes
Connecticut's effective property tax rate is 1.79%, which is above the national average of 0.89%.
Annual Property Tax on $395,000 Home
$7,071
($589/month escrowed)
Buying a Home in Connecticut: Key Facts
- Property tax rate of 1.79% is among the highest in the nation
- Time to Own program provides up to $50,000 for first-generation buyers
- Fairfield County has higher prices due to NYC proximity
- CHFA programs include special assistance for buyers with disabilities
Mortgage Calculators for Nearby States
Comparing homes across state lines? Check property taxes and home prices in neighboring states:
Connecticut First-Time Homebuyer Programs
Connecticut has 38 homebuyer assistance programs that can help with down payment and closing costs.
CHFA Downpayment Assistance Program
Up to $20,000 as low-interest second mortgage
Deferred LoanTime to Own
Up to $50,000 for first-generation homebuyers in targeted cities
Forgivable LoanCHFA Home of Your Own
Special program for buyers with disabilities
Low-Interest MortgageEligibility requirements typically include income limits, credit score minimums (usually 620+), and homebuyer education courses. Visit DownPaymentResource.com to search for programs you may qualify for.
Major Cities in Connecticut
Home prices and property taxes can vary significantly by city. The median home price of $395,000 is a statewide average.
Connecticut Mortgage FAQ
What is the property tax rate in Connecticut?
The average effective property tax rate in Connecticut is 1.79%. On a $395,000 home, that's approximately $7,071 per year or $589 per month added to your mortgage payment.
What is the median home price in Connecticut?
The median home price in Connecticut is $395,000 as of January 2026. Prices vary by location - Bridgeport and New Haven typically have higher prices than rural areas.
Are there first-time homebuyer programs in Connecticut?
Yes, Connecticut has 38 homebuyer assistance programs. Popular options include CHFA Downpayment Assistance Program, which offers up to $20,000 as low-interest second mortgage.
How much do I need to buy a house in Connecticut?
For the median Connecticut home ($395,000), you'd need $79,000 for a 20% down payment, plus $11,850-$19,750 for closing costs. With down payment assistance, you could potentially buy with as little as $13,825 (3.5% FHA down payment).
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Calculate Your CT Mortgage Payment