A mortgage calculator that knows what state the house is in: principal and interest, plus New York property tax at the state's effective rate (1.42% of value, ACS 2025 medians) and a closing-cost estimate in the CFPB's typical 2–5% range.
Loan: $376,720. Insurance estimated at 0.2% of value per year inside the monthly total.
P&I $2,381 · tax $557 · insurance $78
| Principal & interest / month | $2,381 |
| Property tax / year (1.42% effective) | $6,687 |
| Closing costs (one-time, estimate) | $11,302 |
| Total interest over the term | $480,486 |
The Census Bureau's ACS 2025 medians put New York's typical bill at $6,706 on a $470,900 home — an effective 1.42%. Effective rates blend every local levy into one comparable number; your parcel's assessed value and local rates set the real bill.
Source: U.S. Census Bureau, ACS 2025 1-year estimates (tables B25077/B25103).
Property tax cap: local government and school district (outside NYC) levy growth limited to the lesser of 2% or inflation (2% for 2026), overridable by 60% vote - a levy limit, not a cap on individual bills, which may rise more than 2%.
Source: state source cited in the research (see hub).
The CFPB puts typical buyer closing costs at 2–5% of the loan (origination, appraisal, title, prepaid escrows). The default here is 3% and the field is yours to change — no official schedule exists, and this page will not pretend one does. New York transfer/recording charges sit inside that range for most purchases.
Source: Consumer Financial Protection Bureau, closing-cost guidance.
Property tax. At 1.42%, New York adds $557 a month on the median home — in the highest-tax states that rivals a full percentage point of interest rate.
No — it is the state's median effective rate applied to your price. Assessments, exemptions (homestead and others) and local rates move real bills both ways; the county assessor's figure governs.
Below 20% down, lenders usually add private mortgage insurance (roughly 0.3–1.5% of the loan per year) until you reach ~20% equity. It is not in the default total — add it to the insurance line mentally if it applies.
New York Mortgage Calculator with the costs other calculators skip: on the New York median home ($470,900, ACS 2025), $3,017 a month — $2,381 principal & interest, $557 property tax at the state's 1.42% effective rate, plus closing costs of about $11,302.
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A mortgage calculator for New York that includes New York property tax and a closing-cost estimate alongside principal and interest.
On the median New York home ($470,900): $3,017 a month, of which $557 is property tax.
The state's median tax bill is $6,706 a year (ACS 2025).
An effective 1.42% of value at the ACS medians — $6,706 a year on the median home.
No — they are one-time costs at closing, shown separately.
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