Connecticut variant. This is a Connecticut-specific version of the Mortgage Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Mortgage Calculator.
With a median home value of $395,000 and an effective property tax rate of 1.79%, a typical Connecticut mortgage payment combines principal, interest, taxes, and insurance into a meaningfully different number than the sticker price suggests.
What drives a Connecticut mortgage payment
On the $395,000 median home with 20% down ($79,000), you'd finance about $316,000. At an illustrative 6.5% 30-year fixed rate, the principal-and-interest payment is roughly $1,997/month.
Connecticut's 1.79% effective property tax adds about $589/month, and homeowners insurance plus any PMI push the all-in payment higher still. Enter your real price, rate, and down payment above for an exact figure.
About taxes and housing in Connecticut
Connecticut uses a graduated income tax topping out near 7%, and it does not allow a standard deduction.
Connecticut has some of the highest property taxes in the nation, levied entirely at the municipal level, and it also imposes a motor vehicle property tax.
Connecticut's economy is built on finance, insurance, and defense manufacturing, and it consistently ranks among the highest in per-capita income.
Worked example: $395,000 home in Connecticut
Price $395,000, 20% down ($79,000), loan $316,000 at 6.5% for 30 years → P&I ≈ $1,997/mo. Add property tax ≈ $589/mo (1.79% of value ÷ 12). Total before insurance ≈ $2,587/mo.
Quick reference
- State income tax: 2-6.99% across 7 brackets
- State sales tax: 6.35% (plus 0.00% avg local)
- Median home value: $395,000
- Median household income: $90,213
- Effective property tax rate: 1.79%
- Avg auto insurance: $1,769/yr
Frequently Asked Questions
How much is a mortgage on a $395,000 Connecticut home?
With 20% down at 6.5% over 30 years, principal and interest run about $1,997/month, before Connecticut's 1.79% property tax and insurance.
What is the property tax rate in Connecticut?
Connecticut's effective property tax rate is about 1.79% of home value per year.