VA Loan Calculator — Connecticut
An eligible VA borrower can buy the typical Connecticut home ($451,000) with no down payment. The 2.15% first-use funding fee ($9,697) is rolled into a $460,697 loan, and there is no monthly mortgage insurance — saving about $202 a month versus FHA MIP on the same home.
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
$3,812
Principal & Interest + Taxes + Insurance · no mortgage insurance
APR 7.242%
Total Interest
$646,059
Total Cost
$1,372,266
Advanced Parameters
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
N/A
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | PMI | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $36,892 | $4,653 | $32,239 | — | $456,044 | -$5,044 |
| Year 2 | $36,892 | $4,991 | $31,901 | — | $451,053 | -$53 |
| Year 3 | $36,892 | $5,353 | $31,539 | — | $445,700 | $5,300 |
| Year 4 | $36,892 | $5,742 | $31,150 | — | $439,958 | $11,042 |
| Year 5 | $36,892 | $6,159 | $30,733 | — | $433,800 | $17,200 |
| Year 6 | $36,892 | $6,606 | $30,286 | — | $427,194 | $23,806 |
| Year 7 | $36,892 | $7,085 | $29,806 | — | $420,109 | $30,891 |
| Year 8 | $36,892 | $7,600 | $29,292 | — | $412,509 | $38,491 |
| Year 9 | $36,892 | $8,152 | $28,740 | — | $404,357 | $46,643 |
| Year 10 | $36,892 | $8,744 | $28,148 | — | $395,614 | $55,386 |
| Year 11 | $36,892 | $9,378 | $27,513 | — | $386,235 | $64,765 |
| Year 12 | $36,892 | $10,059 | $26,832 | — | $376,176 | $74,824 |
| Year 13 | $36,892 | $10,790 | $26,102 | — | $365,386 | $85,614 |
| Year 14 | $36,892 | $11,573 | $25,318 | — | $353,813 | $97,187 |
| Year 15 | $36,892 | $12,414 | $24,478 | — | $341,399 | $109,601 |
| Year 16 | $36,892 | $13,315 | $23,577 | — | $328,084 | $122,916 |
| Year 17 | $36,892 | $14,282 | $22,610 | — | $313,803 | $137,197 |
| Year 18 | $36,892 | $15,319 | $21,573 | — | $298,484 | $152,516 |
| Year 19 | $36,892 | $16,431 | $20,461 | — | $282,053 | $168,947 |
| Year 20 | $36,892 | $17,624 | $19,268 | — | $264,429 | $186,571 |
| Year 21 | $36,892 | $18,904 | $17,988 | — | $245,525 | $205,475 |
| Year 22 | $36,892 | $20,276 | $16,615 | — | $225,249 | $225,751 |
| Year 23 | $36,892 | $21,749 | $15,143 | — | $203,500 | $247,500 |
| Year 24 | $36,892 | $23,328 | $13,564 | — | $180,172 | $270,828 |
| Year 25 | $36,892 | $25,022 | $11,870 | — | $155,150 | $295,850 |
| Year 26 | $36,892 | $26,838 | $10,053 | — | $128,312 | $322,688 |
| Year 27 | $36,892 | $28,787 | $8,105 | — | $99,525 | $351,475 |
| Year 28 | $36,892 | $30,877 | $6,014 | — | $68,647 | $382,353 |
| Year 29 | $36,892 | $33,119 | $3,772 | — | $35,528 | $415,472 |
| Year 30 | $36,895 | $35,528 | $1,367 | — | $0 | $451,000 |
VA Loan numbers for Connecticut
- Typical Connecticut home value
- $451,000
- 0% down ($0) · Zillow, August 31, 2026
- Loan amount
- $460,697
- Includes $9,697 financed funding fee
- Estimated monthly payment
- $3,812
- APR 7.242%
- Connecticut property tax
- 1.54%
- $579/mo
- Homeowners insurance
- $1,905/yr
- $159/mo
- VA funding fee (first use)
- 2.15% · $9,697
- Financed; exempt with VA disability compensation
- Monthly savings vs FHA MIP
- $202/mo
- Same $451,000 home, FHA at 3.5% down
How much house can you afford in Connecticut with a va loan?
Highest price where principal, interest, Connecticut property tax and insurance, with the 2.15% VA funding fee financed and no monthly mortgage insurance stay within 28% of gross income —0% 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 | $124,000 | $0 | 28% |
| $75,000 | $1,750 | $196,000 | $0 | 43% |
| $100,000 | $2,333 | $268,000 | $0 | 59% |
| $125,000 | $2,917 | $340,000 | $0 | 75% |
| $150,000 | $3,500 | $412,000 | $0 | 91% |
| $200,000 | $4,667 | $556,000 | $0 | 123% |
| $250,000 | $5,833 | $700,000 | $0 | 155% |
VA 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 va loan in Connecticut?
Estimated $3,812 per month ($3,074 principal & interest, $579 property tax, $159 insurance) at 7.03% for 30 years, with 0% down. APR 7.242%.
How much is the VA funding fee on a $451,000 Connecticut home?
$9,697 (2.15%) for a first-time user with no down payment. Putting 5% down lowers it to 1.5%, and 10% down to 1.25%.
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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
- VA — Funding fee and closing costs
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.