Connecticut Mortgage Calculator

Use this free Connecticut mortgage calculator to estimate your monthly mortgage payments and annual amortization.

Total monthly payment

$2,101.70

Total principal

$240,000

Total interest payments

$324,011.74

Total loan payments

$564,011.74

Payoff date

—

Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in which lenders are listed on the page. Our opinions are our own. Here is a list of our partners.

Mortgage loans from our partners

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on NBKC

NBKC

4.5

NerdWallet rating

Min. credit score

620

Min. down payment

3%

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on New American Funding

New American Funding

4.0

NerdWallet rating

Min. credit score

N/A

Min. down payment

0%

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on Rocket Mortgage, LLC

Rocket Mortgage, LLC

4.5

NerdWallet rating

Min. credit score

580

Min. down payment

3.5%

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on Veterans United

Veterans United

5.0

NerdWallet rating

Min. credit score

620

Min. down payment

0%

Check Rate

on Tomo

Tomo

4.5

NerdWallet rating

Min. credit score

600

Min. down payment

3%

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Getting a Mortgage in Connecticut

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Last updated 11/19/2025

Connecticut, The Constitution State, is the richest state with a per capita income of $93k. It's no surprise then that Connecticutians' home values are among the highest. One-third of Connecticutians spend 30% or more of their incomes on housing costs, which exceeds the national average. Some of the most expensive cities to buy in Connecticut are New York City commuter suburbs, such as Greenwich.

Colorado mortgage and refinance rates today (APR)

Accurate as of 08/18/2026.

Product	Interest rate	APR
30-year fixed-rate	6.622%	6.627%
20-year fixed-rate	6.728%	6.733%
15-year fixed-rate	6.089%	6.100%
10-year fixed-rate	5.510%	5.542%
7-year ARM	6.650%	6.663%
5-year ARM	6.375%	6.420%
30-year fixed-rate FHA	5.422%	6.152%
30-year fixed-rate VA	6.024%	6.359%

Data source: ©Zillow, Inc. 2006 – 2026. Use is subject to the Terms of Use

Today's rate

6.627%

30-year fixed

Today's mortgage rates in Colorado are 6.627% for a 30-year fixed, 6.100% for a 15-year fixed, and 6.420% for a 5-year adjustable-rate mortgage (ARM).

Connecticut's first-time home buyer programs

The Connecticut Housing Finance Authority, or CHFA, offers several loan programs to help qualified first-time home buyers get a mortgage.

» MORE: First-time home buyer programs by state

Average property tax by county

Taking U.S. Census data, NerdWallet has crunched the numbers to help you understand what property tax rate you can expect to pay on your future home in Connecticut. Because assessed values aren't frequently updated, you may pay a higher rate at first but eventually you'll pay a similar rate.

County	Avg. property tax rate	Median home value
Capitol Planning Region	2.08%	$300,000
Greater Bridgeport Planning Region	1.84%	$406,100
Lower Connecticut River Valley Planning Region	1.69%	$362,800
Naugatuck Valley Planning Region	1.91%	$297,700
Northeastern Connecticut Planning Region	1.50%	$295,300
Northwest Hills Planning Region	1.47%	$315,500
South Central Connecticut Planning Region	1.97%	$332,200
Southeastern Connecticut Planning Region	1.71%	$307,500
Western Connecticut Planning Region	1.21%	$624,700

Source: American Communities Survey 2022, U.S. Census

How to use the mortgage calculator

To use our mortgage calculator, simply add your details to the following fields:

Home price
Down payment
Interest rate
Loan term (years)

After you enter these four pieces of information, the calculator displays the monthly payment inside the "Loan Estimate" window. It also displays:

Total principal
Total interest payments
Total loan payments
Payoff date

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Calculating costs in addition to principal and interest

The calculator lets you fine-tune your payment by entering your annual property tax premium, annual home insurance premium, monthly homeowner association (HOA) fee, and monthly private mortgage insurance (PMI) premium.

To enter this information, click “Show Advanced Info” underneath the main loan details. Note that you'll enter the annual cost for property taxes and home insurance and the monthly cost for HOA fees and PMI premiums. The PMI field will only display if your down payment is less than 20%.

In the “Loan Estimate” window, select "Amortization Schedule" to uncover a table that shows how much you'll pay in principal and interest each month, as well as the remaining amount you owe ("Principal balance") after making the payment.

» MORE: What is mortgage amortization?

Explanation of terminology

Total monthly payment: An estimate of all your monthly housing costs, covering your loan principal, interest, taxes, insurance, and PMI.
Total principal: This is the amount you borrow. Each mortgage payment reduces the principal you owe.
Total interest payments: How much interest you would pay over the life of the loan.
Total loan payments: The entire amount of principal and interest paid, excluding taxes, insurance, and PMI.
Down payment: The portion of the home’s price you pay in cash upfront.
Interest rate: How much the lender charges you to lend you the money. Interest rates are expressed as an annual percentage. A lower interest rate gives you a smaller monthly payment.
Loan term (years): The number of years you have to repay the mortgage. A longer term gives you a lower monthly payment, but you’ll pay more interest.
Start date: The month that your first mortgage payment is due.
Payoff date: The month your home will be fully paid off based on the loan term.
Property taxes: The annual tax assessed by a government authority on your home and land. You pay about one-twelfth of your annual property tax bill with each mortgage payment, and the servicer saves them in an escrow account. When the taxes are due, the loan servicer pays them.
Homeowners insurance: Your policy covers damage and financial losses from fire, storms, theft, a tree falling on your house and other bad things. As with property taxes, you pay roughly one-twelfth of your annual homeowners insurance premium each month, and the servicer pays the bill when it's due.
Monthly HOA fees: The amount you may pay each month if you belong to a homeowners association. Typically, these dues are billed directly, not added to the monthly mortgage payment. Because HOA dues can be easy to forget when considering the cost of homeownership, NerdWallet's mortgage calculator allows you to enter them here.
Private mortgage insurance: If you get a conventional mortgage and put down less than 20%, you’ll have to pay a monthly PMI premium. It covers the lender if you default on the loan and can be canceled once you reach 20% equity. FHA loans require a similar fee called a mortgage insurance premium.