Mortgage on a $750K house in New York
$5,301 a month with 20% down — $4,036 principal and interest plus $890 property tax and $375 insurance.
New York's typical property tax is 1.42% of the home's value a year (U.S. average 0.9%), which adds $890 a month on a $750K home. The typical home in New York is worth $524,942, so $750K is 43% above the typical price.
$750K home in New York: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $150,000 | $600,000 | $4,036 | $0 | $1,265 | $5,301 | $227,200 |
| 10% down | $75,000 | $675,000 | $4,541 | $281 | $1,265 | $6,087 | $260,900 |
| 5% down | $37,500 | $712,500 | $4,793 | $297 | $1,265 | $6,355 | $272,400 |
| 3.5% down (FHA) | $26,250 | $736,416 | $4,954 | $332 | $1,265 | $6,551 | $280,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.42% 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 New York does $750K buy a typical home?
In these counties the typical home value is within 15% of $750K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Queens County | $745,223 | 0.87% | $4,955 |
| Rockland County | $758,178 | 1.68% | $5,458 |
| Suffolk County | $729,701 | 1.73% | $5,492 |
| Richmond County | $724,119 | 0.92% | $4,989 |
| Nassau County | $851,504 | 1.46% | $5,324 |
57 of 62 New York counties tracked by Zillow have a typical home value at or below $750K. See all New York home prices.
Other prices in New York
Frequently asked questions
What is the mortgage on a $750K house in New York?
About $5,301 a month with 20% down at 7.11%: $4,036 principal and interest, $890 property tax and $375 insurance.
How much do I need to make to buy a $750K house in New York?
About $227,200 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $750K house in New York?
At New York's typical effective rate of 1.42%, about $10,681 a year. Rates vary by county and city — see the county pages.