True Monthly Cost
Your real monthly payment — plus what you'd need at closing — for an NYC home. These are estimates, not a loan approval.
NYC buyers pay extra at closing. This estimate includes the mortgage recording tax and, at $1M and up, the mansion tax — both paid by the buyer.
Estimated true monthly cost
$3,937/mo
$650,000 purchase · 20.0% down ($130,000) · 6.50% rate. Your information stays on this device — nothing is sent anywhere.
Monthly breakdown
Cash to close — $152,750
What you'd need on hand the day of closing: the down payment plus NYC closing costs.
What drives this number? About 83% of the monthly cost is principal & interest — a bigger down payment or a lower rate shrinks that slice first.
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Estimates only — not a loan approval or preapproval. Real costs depend on the final loan terms, appraisal, and negotiations. Consult a licensed mortgage professional before making decisions.
Conventional requires at least 3.0% down.
Only adjusts the illustrative rate — never your numbers directly.
Runs the numbers with everything you entered above.
Estimates can vary by neighborhood — property taxes, insurance costs, and HOA/maintenance fees differ across NYC boroughs and surrounding areas. The figures above use the values you entered.