CALCMONEY // MORTGAGE // NY // NEW YORK CITY
Calculate your monthly mortgage payment using New York City-specific property tax rates and local market data.
$750,000
6.95%
0.88%
187
| Principal & Interest | $3,972 |
| Property Tax | $550 |
| Homeowners Insurance (est.) | $250 |
| Total Monthly Payment (PITI) | $4,772 |
$150,000
$829,807
$204,501/yr
$750,000 buys the median home in New York City right now. With 20% down, that's a $150,000 down payment and a $600,000 loan, set against a $70,000 median household income.
Property taxes in New York City run 0.88% of assessed value, below the 1.1% national average. On the median home, that's $6,600 a year, or $550 added to the monthly payment.
New York levies a state income tax on top of the $4,772/month this mortgage runs. Model your real after-tax take-home before deciding how much payment you can carry.
New York City's cost of living index is 187, above the 100 national baseline. That's on top of the housing numbers above, not instead of them.
New York City's median home price runs 285% higher than nearby Buffalo: $195,000 there versus $750,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $600,000 loan saves $27,000 in interest over 30 years.
Compare Top New York City Mortgage LendersBuffalo
$195,000 median
NYRochester
$195,000 median
NYYonkers
$480,000 median
NYRochester
$175,000 median
Neighborhood-level data for 7 ZIP codes in New York City. Rates, home prices, and estimated payments vary by area.
Tribeca
$3,400,000 median
~$18,005/mo
10012HNWSoHo
$2,900,000 median
~$15,357/mo
10007HNWFinancial District
$1,850,000 median
~$9,797/mo
10021HNWUpper East Side
$2,100,000 median
~$11,121/mo
10022HNWMidtown East
$1,950,000 median
~$10,326/mo
10014HNWWest Village
$2,600,000 median
~$13,769/mo
10282HNWBattery Park City
$3,100,000 median
~$16,416/mo