Typical Connecticut mortgage payment
The median home price in Connecticut is roughly $380,000. Here's the estimated monthly principal & interest payment on that amount, by rate and term:
| Rate | 15-year | 30-year |
|---|---|---|
| 5.00% | $3,005 | $2,040 |
| 5.50% | $3,105 | $2,158 |
| 6.00% | $3,207 | $2,278 |
| 6.50% | $3,310 | $2,402 |
| 7.00% | $3,416 | $2,528 |
| 7.50% | $3,523 | $2,657 |
| 8.00% | $3,631 | $2,788 |
At 6.50% over 30 years, a $380,000 home in Connecticut costs about $2,402/month in principal & interest.
What affects your Connecticut payment?
- Property taxes & insurance vary by county and aren't included above.
- Down payment: 20% down avoids private mortgage insurance (PMI).
- Loan term: a 15-year loan saves enormous interest vs. 30 years.
Median price is an approximate estimate. Figures are principal & interest only and exclude taxes, insurance and fees. Not financial advice.