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New York Mortgage Calculator — Property Tax, STAR & SONYMA

Calculate your New York mortgage payment including property taxes (~1.6%), STAR school tax exemption, and mortgage recording tax closing costs.

✓ Formula verified: May 2026For informational purposes only

New York Mortgage Calculator

Results below

Enter Values

$
$
Monthly Payment (Principal & Interest)
$3,528.56

Loan Amount

$400,000

Down Payment

20.0% ($100,000)

Total Interest Paid

$235,141

Total Cost of Loan

$635,141

Annual Property Taxes

$8,000/yr

Estimated STAR Annual Savings

Not eligible

Mortgage Recording Tax (at closing)

$2,000.00

What if your home price changes? $450000 → $3,087.49 · $500000 → $3,528.56 · $550000 → $3,969.63

Scenario Comparison

Conservative (5%)
$16,470.09
$6,470.09 interest
Your scenario (7%)
$20,096.61
$10,096.61 interest
Aggressive (10%)
$27,070.41
$17,070.41 interest
High-risk (14%)
$40,224.71
$30,224.71 interest
Best return
Share your result
Monthly Payment Breakdown
Principal & Interest$3,529
Property Tax$667
Total Monthly$4,195

Down Payment

20.0%

Total Interest

$235,141

New York Specific

NY property tax averages ~1.6% (varies by county). NY also has state income tax (4-10.9%). STAR program offers school tax relief for homeowners.

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Monthly Payment (Principal & Interest): $3,528.56

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