CALCMONEY // MORTGAGE // NY // GREAT NECK // 11024
ZIP CODE ANALYSISHyper-local mortgage data for ZIP 11024 in Great Neck, NY. This is a high-net-worth enclave — most purchases require jumbo financing.
$1,600,000
$1,280,000
$11,100
$475,697/yr
| Down Payment | Home Price | Loan Amount | Monthly P&I | Total Monthly | Rate |
|---|---|---|---|---|---|
| 10% Down | $1,600,000 | $1,440,000 | $9,532 | $12,159 | 6.95% |
| 20% Down | $1,600,000 | $1,280,000 | $8,473 | $11,100 | 6.95% |
| 25% Down | $1,600,000 | $1,200,000 | $7,943 | $10,570 | 6.95% |
Total monthly includes principal & interest, property tax (1.57% annual), and estimated homeowners insurance. PMI not included.
Waterfront Village (ZIP 11024) sits within Great Neck, New York with a median home price of $1,600,000 — significantly above the Great Neck city-wide median of $1,400,000. At 80% LTV, the typical loan amount of $1,280,000 exceeds the 2026 conforming loan limit of $766,550, placing most purchases in jumbo territory. Jumbo loans typically require stronger credit scores, larger reserves, and may carry slightly different rate pricing.
Property taxes in ZIP 11024 run 1.57% annually, adding $2,093 per month on the median home. Median household income in this neighborhood is approximately $280,000, placing the price-to-income ratio at 5.7x. New York levies a state income tax, which reduces take-home pay and should be factored into your maximum monthly payment calculation.