Mortgage Calculator — Connecticut
Pre-filled with Connecticut's average home price of $380000, property tax rate of 1.6%, and average insurance of $1800/year. Adjust any value below.
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Connecticut Housing Market
Connecticut has high property taxes but has seen a housing revival post-pandemic as NYC commuters sought more space. Fairfield County — Stamford, Greenwich, Westport — remains among the most expensive suburban markets in the Northeast.
Affordability in Connecticut
Fairfield County commands prices of $700,000+ in top towns, while Hartford and Waterbury offer far more accessible options. The state's proximity to NYC and Boston makes it attractive for remote workers seeking suburban value.
Key Markets
First-Time Buyer Programs in Connecticut
CHFA Homebuyer Mortgage
Below-market fixed-rate mortgage for first-time buyers (and anyone buying in targeted areas), with income and price limits.
CHFA Down Payment Assistance Program (DAP)
Second mortgage toward down payment and closing costs, paired with a CHFA first mortgage.
Time To Own
Forgivable down payment help from the Connecticut Department of Housing, with larger amounts in high-opportunity areas.
Programs are run by the Connecticut Housing Finance Authority (CHFA). Income limits, price limits and assistance amounts change often — confirm current terms with the agency or an approved lender.
Property Tax in Connecticut
Connecticut property taxes are among the highest in the US, set by town mill rates on 70% of appraised value. Rates in Hartford and Bridgeport run far above those in wealthier suburbs. At Connecticut's average effective rate of 1.6%, a $380,000 home pays roughly $6,080/year (about $507/month).
Connecticut Conforming Loan Limit
In 2026, the conforming loan limit is $832,750 in most counties. Designated high-cost areas can go up to $1,249,125. Loans above the limit are jumbo loans and usually need a larger down payment.
Closing Costs in Connecticut
Connecticut's conveyance tax is paid by the seller. The state rate is 0.75% on the first $800,000, rising in tiers for higher prices, and towns add 0.25%–0.5%. Buyers pay attorney fees, title insurance and recording.
Mortgage Calculator by State