Conventional Loan Calculator — Connecticut
In Connecticut, one-unit loans up to $832,750–$977,500 are conforming. With 10% down on the typical $451,000 home, the $405,900 loan carries estimated PMI of 0.72% ($244/mo), which drops off after about 9 years once the balance reaches 80% of the price.
Connecticut has the 4th-highest effective property tax rate of the 50 states at 1.54% — $2,841 more a year than the 0.91% state average on a $451,000 home. Homeowners insurance averages $1,905 a year, the 18th-lowest premium nationally and $815 less than the typical state.
Loan Parameters
Total Monthly Payment
$3,690
Principal & Interest + Taxes + Insurance
APR 7.488%
Total Interest
$569,209
Total Cost
$1,264,974
Advanced Parameters
Private Mortgage Insurance (PMI)
Your down payment is below 20%. PMI is estimated at 0.72% annually and is removed here when your LTV reaches 80%.
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
Feb 2035
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | PMI | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $32,504 | $4,099 | $28,404 | $2,922 | $401,801 | $49,199 |
| Year 2 | $32,504 | $4,397 | $28,107 | $2,922 | $397,403 | $53,597 |
| Year 3 | $32,504 | $4,716 | $27,787 | $2,922 | $392,687 | $58,313 |
| Year 4 | $32,504 | $5,059 | $27,445 | $2,922 | $387,628 | $63,372 |
| Year 5 | $32,504 | $5,426 | $27,078 | $2,922 | $382,202 | $68,798 |
| Year 6 | $32,504 | $5,820 | $26,684 | $2,922 | $376,382 | $74,618 |
| Year 7 | $32,504 | $6,243 | $26,261 | $2,922 | $370,139 | $80,861 |
| Year 8 | $32,504 | $6,696 | $25,808 | $2,922 | $363,443 | $87,557 |
| Year 9 | $32,504 | $7,182 | $25,322 | $974 | $356,261 | $94,739 |
| Year 10 | $32,504 | $7,704 | $24,800 | — | $348,557 | $102,443 |
| Year 11 | $32,504 | $8,263 | $24,241 | — | $340,294 | $110,706 |
| Year 12 | $32,504 | $8,863 | $23,641 | — | $331,431 | $119,569 |
| Year 13 | $32,504 | $9,507 | $22,997 | — | $321,924 | $129,076 |
| Year 14 | $32,504 | $10,197 | $22,307 | — | $311,727 | $139,273 |
| Year 15 | $32,504 | $10,937 | $21,566 | — | $300,790 | $150,210 |
| Year 16 | $32,504 | $11,731 | $20,772 | — | $289,059 | $161,941 |
| Year 17 | $32,504 | $12,583 | $19,920 | — | $276,475 | $174,525 |
| Year 18 | $32,504 | $13,497 | $19,007 | — | $262,978 | $188,022 |
| Year 19 | $32,504 | $14,477 | $18,027 | — | $248,501 | $202,499 |
| Year 20 | $32,504 | $15,528 | $16,976 | — | $232,973 | $218,027 |
| Year 21 | $32,504 | $16,656 | $15,848 | — | $216,318 | $234,682 |
| Year 22 | $32,504 | $17,865 | $14,639 | — | $198,453 | $252,547 |
| Year 23 | $32,504 | $19,162 | $13,342 | — | $179,290 | $271,710 |
| Year 24 | $32,504 | $20,554 | $11,950 | — | $158,737 | $292,263 |
| Year 25 | $32,504 | $22,046 | $10,458 | — | $136,691 | $314,309 |
| Year 26 | $32,504 | $23,647 | $8,857 | — | $113,044 | $337,956 |
| Year 27 | $32,504 | $25,364 | $7,140 | — | $87,680 | $363,320 |
| Year 28 | $32,504 | $27,205 | $5,298 | — | $60,475 | $390,525 |
| Year 29 | $32,504 | $29,181 | $3,323 | — | $31,294 | $419,706 |
| Year 30 | $32,499 | $31,294 | $1,204 | — | $0 | $451,000 |
Conventional Loan numbers for Connecticut
- Typical Connecticut home value
- $451,000
- 10% down ($45,100) · Zillow, August 31, 2026
- Loan amount
- $405,900
- conforming in all 9 Connecticut counties
- Estimated monthly payment
- $3,690
- APR 7.488%
- Connecticut property tax
- 1.54%
- $579/mo
- Homeowners insurance
- $1,905/yr
- $159/mo
- Connecticut conforming limit
- $832,750 – $977,500
- Above this, the loan is jumbo
- PMI
- 0.72% · $244/mo
- Drops off after 9 years
How much house can you afford in Connecticut with a conventional loan?
Highest price where principal, interest, Connecticut property tax, insurance and PMI stay within 28% of gross income —10% down, 30-year fixed at 7.03%. Other debts lower these numbers.
| Household income | Housing budget / mo | Max home price | Down payment | vs typical home |
|---|---|---|---|---|
| $50,000 | $1,167 | $128,000 | $12,800 | 28% |
| $75,000 | $1,750 | $203,000 | $20,300 | 45% |
| $100,000 | $2,333 | $277,000 | $27,700 | 61% |
| $125,000 | $2,917 | $352,000 | $35,200 | 78% |
| $150,000 | $3,500 | $426,000 | $42,600 | 94% |
| $200,000 | $4,667 | $575,000 | $57,500 | 128% |
| $250,000 | $5,833 | $724,000 | $72,400 | 161% |
Conventional vs other loan types in Connecticut
$451,000 home, each program's typical minimum or default down payment, current average 30-year rate.
| Loan type | Down | Loan amount | Upfront fee | Monthly MI | Total / month | APR |
|---|---|---|---|---|---|---|
| Conventional | 10% · $45,100 | $405,900 | — | $244 PMI | $3,690 | 7.488% |
| FHA | 3.5% · $15,785 | $442,831 | UFMIP $7,616 | $202 MIP | $3,895 | 7.761% |
| VA | 0% · $0 | $460,697 | Funding fee $9,697 | $0 | $3,812 | 7.242% |
| JumboLoan is conforming (≤ $832,750) | 20% · $90,200 | $360,800 | — | $0 | $3,145 | 7.030% |
Frequently asked questions
What is the monthly payment on a $451,000 home with a conventional loan in Connecticut?
Estimated $3,690 per month ($2,709 principal & interest, $579 property tax, $159 insurance, $244 PMI) at 7.03% for 30 years, with 10% down. APR 7.488%.
How much is PMI on a Connecticut conventional loan?
At 90% loan-to-value, PMI is estimated at 0.72% a year ($244/mo). It can be removed once the balance reaches 80% of the home's original value.
Explore related calculators
Compare in Connecticut
Conventional Loan calculator in nearby states
Data sources & assumptions
- Freddie Mac Primary Mortgage Market Survey (PMMS) — Weekly average as of September 24, 2026
- Zillow Home Value Index (ZHVI), typical home value, all homes — Default home prices; typical value as of August 31, 2026
- FHFA 2026 Conforming Loan Limit Values (one-unit) — 2026 one-unit limits, 56 states & territories
- Effective statewide property tax rate (Tax Foundation, 2026 projections) — Statewide effective rate; county rates vary
- Average annual homeowners premium, $300K dwelling / $1K deductible (industry survey averages) — Statewide average premium
- CFPB — What is private mortgage insurance?
- Homeowners Protection Act (PMI cancellation at 78–80% LTV)
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.