01 · Monthly Payment

What you'll actually pay every month.

P&I plus the line items that get glossed over: common charges or maintenance, NYC property tax, and homeowners insurance. Switch property type — the math shifts.

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Inputs

Property type

Purchase price

Down payment

Interest rate

Loan term

years

Monthly common charges

Annual property taxcheck NYC ACRIS / abatement schedule

Homeowners insurance

$/ mo

Pied-à-terre (non-primary residence)Models the proposed NYC pied-à-terre surcharge on homes ≥ $5M. Not currently enacted.

Your true monthly

All-in payment

$8,038

Principal & interest

$6,403

Common charges

$950

Property tax

If the building has a 421-a abatement, your tax can be far lower than the assessment implies.

$600

Homeowners insurance

$85

NYC one-time at closing

Mansion tax$12,5001.00% tier · $12,500Effective rate1.00%1.00% on full price = $12,500

Loan snapshot

Down payment$250,000Loan amount$1,000,000Rate / term6.625% · 30yr

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