Connecticut · CT

Connecticut Mortgage Calculator

Pre-filled for Connecticut: median home price $415,000, average property tax rate 1.79%. Adjust any slider to make it yours.

Property taxes among the highest in the US.

Connecticut housing at a glance

Median home price: $415,000
Effective property tax rate: 1.79% / yr
Annual property tax (median home): $7,429
Est. monthly tax escrow: $619
State income tax: Yes

Sources: regional housing data 2025 (median price), state assessor averages 2024–2025 (tax rate).

Buying a home in Connecticut

The median home price in Connecticut is around $415,000 and the effective property tax rate averages 1.79%of assessed value per year. Most lenders look for a debt-to-income (DTI) ratio under 43%, meaning your total monthly debt payments (including this mortgage) shouldn't exceed 43% of your gross income.

A 20% down payment on the median home in Connecticut is $83,000. Putting down at least 20% eliminates private mortgage insurance (PMI), which typically adds 0.3–1.5% of the loan amount per year to your monthly payment.

Foreclosure & legal context

Foreclosure type: Judicial (court-supervised)
Security instrument: Mortgage
Deficiency liability: Recourse

Connecticut uses strict judicial foreclosure with either strict foreclosure (title passes to lender) or foreclosure by sale — among the slowest foreclosure timelines in the US.

Connecticut mortgage FAQ

What is the monthly mortgage payment for a median-priced home in Connecticut?: At the current 30-year fixed rate of ~6.81%, a $415,000 home in Connecticut with 20% down ($83,000) carries a principal-and-interest payment of ~$2,167/mo. Add property tax (~$619/mo at 1.79%) and homeowners insurance and your total is roughly $2,786/mo. Use the calculator above to adjust for your exact down payment and rate.
What is the property tax rate in Connecticut?: The effective statewide property tax rate in Connecticut averages 1.79% of assessed value per year. On a $415,000 home, that works out to roughly $7,429 per year ($619/mo). Individual county rates vary.
Does Connecticut have a state income tax?: Yes, Connecticut has a state income tax. This affects your net take-home pay and therefore your effective purchasing power — use our salary calculator to estimate what's left after tax.
What type of foreclosure does Connecticut use?: Connecticut uses judicial foreclosure, meaning a lender must file a lawsuit and obtain a court judgment before selling a property. Connecticut uses strict judicial foreclosure with either strict foreclosure (title passes to lender) or foreclosure by sale — among the slowest foreclosure timelines in the US.

Mortgage calculators by state

← Back to the main mortgage calculator