Connecticut Mortgage Calculator 2026

Calculate your monthly mortgage payment for a home in Connecticut (CT). The median home price in Connecticut is $343,200, with an effective property tax rate of 1.92% (ranked #3 nationally). Use our free calculator to compare FHA, VA, USDA, and conventional loan options with real Connecticut data.

Connecticut Property Tax Information

Connecticut has an effective property tax rate of 1.92%, ranking #3 among all 50 states. The median annual property tax is $6,575 ($548/month). Source: Tax Foundation 2025.

Connecticut Loan Limits 2026

FHA loan limit in Connecticut: $524,225 (floor) to $1,209,750 (ceiling for high-cost areas). Conforming loan limit: $806,500 (baseline) to $1,209,750 (ceiling). Connecticut has designated high-cost areas with higher limits.

Estimated Monthly Payment in Connecticut

For a median-priced home of $343,200 with 20% down ($68,640), at 6.5% interest over 30 years: estimated monthly principal and interest is $1,735, plus $548 in property taxes and approximately $125 in homeowner's insurance, for a total estimated payment of approximately $2,408/month.

Connecticut Closing Costs

Average closing costs in Connecticut are $4,249 (0.93% of purchase price), ranked #18 nationally. Connecticut charges a transfer tax on real estate transactions. Source: Bankrate/LodeStar 2025.

Connecticut Housing Market 2026

Home prices in Connecticut have increased 5.2% year-over-year. Average days on market: 32. Inventory level: low. Currently considered a seller's market.

Down Payment Assistance Programs in Connecticut

Connecticut offers 2 down payment assistance programs through Connecticut Housing Finance Authority (CHFA):

  • DAP Loan Program (second mortgage): Low-interest second mortgage for first-time buyers. Income limits apply. - Up to Up to $20,000
  • Time to Own Program (second mortgage): 30-year fixed-rate mortgage with various DPA options. - Up to Competitive interest rates

Contact CHFA: https://www.chfa.org | Phone: 860-721-9501

Did You Know About Connecticut?

  • Connecticut has the 3rd highest property tax rate in the nation
  • Fairfield County has high-cost loan limits due to NYC proximity
  • State conveyance tax is 0.75% on residential properties
  • Many municipalities offer local property tax relief programs

Frequently Asked Questions About Buying a Home in Connecticut

What is the average property tax rate in Connecticut?

The effective property tax rate in Connecticut is 1.92%, with a median annual tax of $6,575. This ranks #3 among all states.

What are the FHA loan limits in Connecticut for 2026?

The FHA loan floor in Connecticut is $524,225 and the ceiling is $1,209,750 for high-cost areas. The conforming loan limit baseline is $806,500.

How much are closing costs in Connecticut?

Average closing costs in Connecticut are $4,249, which is approximately 0.93% of the purchase price.

Are there first-time homebuyer programs in Connecticut?

Yes, Connecticut offers 2 down payment assistance programs through Connecticut Housing Finance Authority, including grants, forgivable loans, and second mortgages.

Is Connecticut a good place to buy a home in 2026?

With a median home price of $343,200 and low inventory, Connecticut is currently a seller's market. Home prices have increased 5.2% over the past year.

Related Tools

Data last updated: 2025-11. This information is for educational purposes only and should not be considered financial advice.