Mortgage on a $250K house in Connecticut
$1,801 a month with 20% down — $1,345 principal and interest plus $331 property tax and $125 insurance.
Connecticut's typical property tax is 1.59% of the home's value a year (U.S. average 0.9%), which adds $331 a month on a $250K home. The typical home in Connecticut is worth $447,319, so $250K is 44% below the typical price.
$250K home in Connecticut: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $50,000 | $200,000 | $1,345 | $0 | $456 | $1,801 | $77,200 |
| 10% down | $25,000 | $225,000 | $1,514 | $94 | $456 | $2,063 | $88,400 |
| 5% down | $12,500 | $237,500 | $1,598 | $99 | $456 | $2,152 | $92,200 |
| 3.5% down (FHA) | $8,750 | $245,472 | $1,651 | $111 | $456 | $2,217 | $95,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.59% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Where in Connecticut does $250K buy a typical home?
No Connecticut county has a typical home value within 15% of $250K.
0 of 8 Connecticut counties tracked by Zillow have a typical home value at or below $250K. See all Connecticut home prices.
Other prices in Connecticut
Frequently asked questions
What is the mortgage on a $250K house in Connecticut?
About $1,801 a month with 20% down at 7.11%: $1,345 principal and interest, $331 property tax and $125 insurance.
How much do I need to make to buy a $250K house in Connecticut?
About $77,200 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $250K house in Connecticut?
At Connecticut's typical effective rate of 1.59%, about $3,966 a year. Rates vary by county and city — see the county pages.