Connecticut is one of the states with the highest real estate tax rate, at 2.14%. Annual property taxes can cost around $4,658. Plus, the average mortgage payment in the state is $1,209, which is around $50 higher than the national average. That said, it is important to know how much you should expect to pay for a mortgage.
With MoneyGeek’s Connecticut state mortgage calculator, you can evaluate your mortgage costs and potentially determine ways to lower your monthly payments. Comparing several lenders in the state allows you to choose the right option based on the rates you can access. You’ll be able to identify what other expenses, like taxes and interest, are included in your mortgage costs.