CALCMONEY // MORTGAGE // CT // NEW HAVEN
Calculate your monthly mortgage payment using New Haven-specific property tax rates and local market data.
$310,000
6.95%
2.02%
120
| Principal & Interest | $1,642 |
| Property Tax | $522 |
| Homeowners Insurance (est.) | $103 |
| Total Monthly Payment (PITI) | $2,267 |
$62,000
$342,987
$97,148/yr
The median home price in New Haven is $310,000, near the national median of $420,000. With a median household income of $54,000, the price-to-income ratio is 5.7x — meaning buyers typically spend 5.7 years of gross income on the purchase price.
Property taxes in New Haven run 2.02% of assessed value. On the median home, that is $6,262 per year, or $522 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. Factor your take-home pay into how much mortgage you can comfortably carry each month.
The cost of living index in New Haven is 120 (national average = 100). Expect to pay more for groceries, transportation, and services in addition to housing.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $248,000 loan saves $11,160 in interest over 30 years.
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