CALCMONEY // MORTGAGE // CT
Calculate your monthly mortgage payment using Connecticut-specific property tax rates, current average interest rates, and local median home prices.
Open Full Calculator$405,000
6.95%
2.15%
3%–6.99%
How today's 6.95% rate compares to recent years
| Period | 30-Yr Rate | vs. Today |
|---|---|---|
| 2026 (current) | 6.95% | — |
| 2024 avg | 7.37% | -0.42% |
| 2023 avg | 7.80% | -0.85% |
| 2022 peak | 7.63% | -0.68% |
| 2021 avg | 3.55% | +3.40% |
| 2020 avg | 3.35% | +3.60% |
Rate estimates based on Freddie Mac Primary Mortgage Market Survey national averages adjusted for Connecticut market conditions. Actual rates vary by lender and borrower profile.
| Principal & Interest | $2,145 |
| Property Tax | $726 |
| Homeowners Insurance (est.) | $135 |
| Total Monthly Payment (PITI) | $3,005 |
$81,000
$448,096
$128,800/yr
The median home price in Connecticut is $405,000, above the national median of $420,000. With a median household income of $83,800, the price-to-income ratio is 4.8x.
Property taxes in Connecticut average 2.15% of assessed value. On the median home, that is $8,708 per year, or $726 per month added to your mortgage payment. This is significantly above the national average of 1.1%, making property taxes a major factor in your total housing cost.
Connecticut has a state income tax of 3%–6.99%. Factor this into your take-home pay when calculating how much mortgage you can afford.
The cost of living index in Connecticut is 111 (national average = 100). Expect to pay more for groceries, transportation, and healthcare in addition to housing.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $324,000 loan saves $14,580 in interest over 30 years.
Compare Top Connecticut Mortgage Lenders