How much is property tax on a home in Connecticut?

Connecticut homeowners pay an effective property tax rate of about 1.66 percent of home value — the 3rd highest of the 50 states and DC. On the state's median home value of $396,900 that works out to roughly $6,590 a year, or $549 a month added to the mortgage payment. The figures come from the Census Bureau's American Community Survey 2024 1-year estimates; your own bill depends on the county and city rates where the home sits.

What is the monthly payment on a median-priced Connecticut home?

At $397,000 with 20 percent down and the current 6.58 percent national 30-year fixed average, principal and interest come to about $2,024 a month. Adding Connecticut property tax of roughly $549 a month and an estimated $116 of homeowner insurance brings the full payment to around $2,689.

Which mortgage programs are available in Connecticut?

Connecticut homebuyers can pick conventional loans with as little as 3 percent down for borrowers with decent credit, FHA loans needing a 580 credit score with 3.5 percent down or a 500 score with 10 percent down, VA loans with 100 percent financing for veterans, and USDA loans with no down payment and a 640 score for low to moderate-income families in rural areas.

What first-time buyer help does Connecticut provide?

The Connecticut Housing Finance Authority runs several options, including the Down Payment Assistance Program for buyers using a CHFA mortgage, the below-market-rate HFA Advantage and HFA Preferred loans, and CALP for households above the HFA income limits. There are also dedicated programs for military members, police officers, and teachers with an extra rate discount, plus a low-interest program for disabled persons.

How much do you need to put down on a house in Connecticut?

Conventional loans in Connecticut start at 3 percent down, FHA loans need 3.5 percent with a 580 credit score or 10 percent with a 500 score, and VA and USDA loans require nothing down for eligible buyers. CHFA's Down Payment Assistance Program can cover up to 3 percent or your loan's minimum down payment if you contribute some of your own funds and attend counseling.

Connecticut (CT) Mortgage Calculator

Purchase price

Down payment

% ($79,400)

Mortgage term

years

Interest rate

Property tax

$/year

Property insurance

$/year

HOA fees

$/month

PMI

Extra monthly payment

$/month

Start date

Amortization schedule

show by year show by month don't show

$2,689

Monthly payment

$2,024

Principal & interest

$549

Taxes

$116

Insurance

HOA fees

Loan balance over time

Balance Principal paid $317,600 Interest paid $411,107

20262056

Total of 360 payments	$968,107
Principal	$317,600
Interest	$411,107
Taxes	$197,700
Insurance	$41,700
HOA fees	$0

P&I 75.3% Taxes 20.4% Insurance 4.3%

15- vs 30-year term at 6.58%

15-year

$2,781/mo P&I

$182,912 total interest

30-year · current

$2,024/mo P&I

$411,107 total interest

The 15-year term saves $228,195 in interest. Which term is right for you?

What these numbers come from

Median home value: $396,900
Median tax bill: $6,573
Effective tax rate: 1.66%
Rank of 51: 3rd highest

Connecticut taxes property at about 1.66% of value against 0.89% nationally. On a $397,000 home that is $255 a month more than the same house would cost in taxes at the national rate. Rates are set by counties, cities and school districts, so your own bill will differ from the state median — put your actual figure in the property tax field and the payment updates.

Tax and home value figures: U.S. Census Bureau, American Community Survey 2024 1-year estimates. Insurance is estimated at 0.35% of home value per year — there is no comparable public per-state dataset, so treat it as a placeholder and replace it with your own quote. The interest rate is the national Freddie Mac 30-year average of 6.58%; this site does not publish state-level rate quotes.

Monthly cost across Connecticut home prices

20% down, 30-year fixed at 6.58%, with Connecticut property tax of 1.66% and estimated insurance.

Home price	Loan	P&I	Tax/mo	Full payment
$238,000	$190,400	$1,213	$329	$1,612
$318,000	$254,400	$1,621	$440	$2,154
$397,000 median	$317,600	$2,024	$549	$2,689
$496,000	$396,800	$2,529	$686	$3,360
$595,000	$476,000	$3,034	$823	$4,030

The gap between the P&I column and the last one is what a mortgage quote leaves out. In Connecticut taxes alone add $549 a month on a median-priced home.

Amortization schedule

Date	Principal	Interest	Tax, Ins. & HOA	Balance
Aug	$283	$1,742	$665	$317,317
Sep	$284	$1,740	$665	$317,033
Oct	$286	$1,738	$665	$316,747
Nov	$287	$1,737	$665	$316,460
Dec	$289	$1,735	$665	$316,171
2026	$1,429	$8,692	$3,325	$316,171
Jan	$291	$1,734	$665	$315,880
Feb	$292	$1,732	$665	$315,588
Mar	$294	$1,730	$665	$315,295
Apr	$295	$1,729	$665	$314,999
May	$297	$1,727	$665	$314,702
Jun	$299	$1,726	$665	$314,404
Jul	$300	$1,724	$665	$314,104
Aug	$302	$1,722	$665	$313,802
Sep	$304	$1,721	$665	$313,498
Oct	$305	$1,719	$665	$313,193
Nov	$307	$1,717	$665	$312,886
Dec	$309	$1,716	$665	$312,578
2027	$3,593	$20,697	$7,980	$312,578
Jan	$310	$1,714	$665	$312,268
Feb	$312	$1,712	$665	$311,956
Mar	$314	$1,711	$665	$311,642
Apr	$315	$1,709	$665	$311,327
May	$317	$1,707	$665	$311,010
Jun	$319	$1,705	$665	$310,691
Jul	$321	$1,704	$665	$310,370
Aug	$322	$1,702	$665	$310,048
Sep	$324	$1,700	$665	$309,724
Oct	$326	$1,698	$665	$309,398
Nov	$328	$1,697	$665	$309,070
Dec	$329	$1,695	$665	$308,741
2028	$3,837	$20,453	$7,980	$308,741
Jan	$331	$1,693	$665	$308,410
Feb	$333	$1,691	$665	$308,076
Mar	$335	$1,689	$665	$307,742
Apr	$337	$1,687	$665	$307,405
May	$339	$1,686	$665	$307,066
Jun	$340	$1,684	$665	$306,726
Jul	$342	$1,682	$665	$306,383
Aug	$344	$1,680	$665	$306,039
Sep	$346	$1,678	$665	$305,693
Oct	$348	$1,676	$665	$305,345
Nov	$350	$1,674	$665	$304,995
Dec	$352	$1,672	$665	$304,644
2029	$4,097	$20,193	$7,980	$304,644
Jan	$354	$1,670	$665	$304,290
Feb	$356	$1,669	$665	$303,934
Mar	$358	$1,667	$665	$303,577
Apr	$360	$1,665	$665	$303,217
May	$362	$1,663	$665	$302,855
Jun	$364	$1,661	$665	$302,492
Jul	$366	$1,659	$665	$302,126
Aug	$368	$1,657	$665	$301,759
Sep	$370	$1,655	$665	$301,389
Oct	$372	$1,653	$665	$301,018
Nov	$374	$1,651	$665	$300,644
Dec	$376	$1,649	$665	$300,268
2030	$4,375	$19,915	$7,980	$300,268
Jan	$378	$1,646	$665	$299,891
Feb	$380	$1,644	$665	$299,511
Mar	$382	$1,642	$665	$299,129
Apr	$384	$1,640	$665	$298,745
May	$386	$1,638	$665	$298,359
Jun	$388	$1,636	$665	$297,971
Jul	$390	$1,634	$665	$297,581
Aug	$392	$1,632	$665	$297,188
Sep	$395	$1,630	$665	$296,794
Oct	$397	$1,627	$665	$296,397
Nov	$399	$1,625	$665	$295,998
Dec	$401	$1,623	$665	$295,597
2031	$4,672	$19,618	$7,980	$295,597
Jan	$403	$1,621	$665	$295,193
Feb	$406	$1,619	$665	$294,788
Mar	$408	$1,616	$665	$294,380
Apr	$410	$1,614	$665	$293,970
May	$412	$1,612	$665	$293,558
Jun	$415	$1,610	$665	$293,143
Jul	$417	$1,607	$665	$292,727
Aug	$419	$1,605	$665	$292,307
Sep	$421	$1,603	$665	$291,886
Oct	$424	$1,601	$665	$291,462
Nov	$426	$1,598	$665	$291,036
Dec	$428	$1,596	$665	$290,608
2032	$4,989	$19,302	$7,980	$290,608
Jan	$431	$1,594	$665	$290,177
Feb	$433	$1,591	$665	$289,744
Mar	$435	$1,589	$665	$289,309
Apr	$438	$1,586	$665	$288,871
May	$440	$1,584	$665	$288,431
Jun	$443	$1,582	$665	$287,988
Jul	$445	$1,579	$665	$287,543
Aug	$447	$1,577	$665	$287,096
Sep	$450	$1,574	$665	$286,646
Oct	$452	$1,572	$665	$286,193
Nov	$455	$1,569	$665	$285,738
Dec	$457	$1,567	$665	$285,281
2033	$5,327	$18,963	$7,980	$285,281
Jan	$460	$1,564	$665	$284,821
Feb	$462	$1,562	$665	$284,359
Mar	$465	$1,559	$665	$283,894
Apr	$468	$1,557	$665	$283,426
May	$470	$1,554	$665	$282,956
Jun	$473	$1,552	$665	$282,484
Jul	$475	$1,549	$665	$282,008
Aug	$478	$1,546	$665	$281,531
Sep	$480	$1,544	$665	$281,050
Oct	$483	$1,541	$665	$280,567
Nov	$486	$1,538	$665	$280,081
Dec	$488	$1,536	$665	$279,593
2034	$5,688	$18,602	$7,980	$279,593
Jan	$491	$1,533	$665	$279,102
Feb	$494	$1,530	$665	$278,608
Mar	$496	$1,528	$665	$278,111
Apr	$499	$1,525	$665	$277,612
May	$502	$1,522	$665	$277,110
Jun	$505	$1,519	$665	$276,606
Jul	$507	$1,517	$665	$276,098
Aug	$510	$1,514	$665	$275,588
Sep	$513	$1,511	$665	$275,075
Oct	$516	$1,508	$665	$274,559
Nov	$519	$1,505	$665	$274,040
Dec	$522	$1,503	$665	$273,519
2035	$6,074	$18,216	$7,980	$273,519
Jan	$524	$1,500	$665	$272,994
Feb	$527	$1,497	$665	$272,467
Mar	$530	$1,494	$665	$271,937
Apr	$533	$1,491	$665	$271,404
May	$536	$1,488	$665	$270,868
Jun	$539	$1,485	$665	$270,329
Jul	$542	$1,482	$665	$269,787
Aug	$545	$1,479	$665	$269,242
Sep	$548	$1,476	$665	$268,694
Oct	$551	$1,473	$665	$268,144
Nov	$554	$1,470	$665	$267,590
Dec	$557	$1,467	$665	$267,033
2036	$6,486	$17,804	$7,980	$267,033
Jan	$560	$1,464	$665	$266,473
Feb	$563	$1,461	$665	$265,910
Mar	$566	$1,458	$665	$265,344
Apr	$569	$1,455	$665	$264,774
May	$572	$1,452	$665	$264,202
Jun	$575	$1,449	$665	$263,627
Jul	$579	$1,446	$665	$263,048
Aug	$582	$1,442	$665	$262,466
Sep	$585	$1,439	$665	$261,881
Oct	$588	$1,436	$665	$261,293
Nov	$591	$1,433	$665	$260,702
Dec	$595	$1,430	$665	$260,107
2037	$6,926	$17,364	$7,980	$260,107
Jan	$598	$1,426	$665	$259,509
Feb	$601	$1,423	$665	$258,908
Mar	$605	$1,420	$665	$258,303
Apr	$608	$1,416	$665	$257,695
May	$611	$1,413	$665	$257,084
Jun	$615	$1,410	$665	$256,470
Jul	$618	$1,406	$665	$255,852
Aug	$621	$1,403	$665	$255,231
Sep	$625	$1,400	$665	$254,606
Oct	$628	$1,396	$665	$253,978
Nov	$632	$1,393	$665	$253,346
Dec	$635	$1,389	$665	$252,711
2038	$7,396	$16,895	$7,980	$252,711
Jan	$638	$1,386	$665	$252,073
Feb	$642	$1,382	$665	$251,431
Mar	$646	$1,379	$665	$250,785
Apr	$649	$1,375	$665	$250,136
May	$653	$1,372	$665	$249,484
Jun	$656	$1,368	$665	$248,827
Jul	$660	$1,364	$665	$248,168
Aug	$663	$1,361	$665	$247,504
Sep	$667	$1,357	$665	$246,837
Oct	$671	$1,353	$665	$246,167
Nov	$674	$1,350	$665	$245,492
Dec	$678	$1,346	$665	$244,814
2039	$7,897	$16,393	$7,980	$244,814
Jan	$682	$1,342	$665	$244,132
Feb	$686	$1,339	$665	$243,447
Mar	$689	$1,335	$665	$242,758
Apr	$693	$1,331	$665	$242,064
May	$697	$1,327	$665	$241,368
Jun	$701	$1,323	$665	$240,667
Jul	$705	$1,320	$665	$239,962
Aug	$708	$1,316	$665	$239,254
Sep	$712	$1,312	$665	$238,542
Oct	$716	$1,308	$665	$237,826
Nov	$720	$1,304	$665	$237,105
Dec	$724	$1,300	$665	$236,381
2040	$8,433	$15,857	$7,980	$236,381
Jan	$728	$1,296	$665	$235,653
Feb	$732	$1,292	$665	$234,921
Mar	$736	$1,288	$665	$234,185
Apr	$740	$1,284	$665	$233,445
May	$744	$1,280	$665	$232,701
Jun	$748	$1,276	$665	$231,953
Jul	$752	$1,272	$665	$231,201
Aug	$756	$1,268	$665	$230,444
Sep	$761	$1,264	$665	$229,684
Oct	$765	$1,259	$665	$228,919
Nov	$769	$1,255	$665	$228,150
Dec	$773	$1,251	$665	$227,377
2041	$9,005	$15,286	$7,980	$227,377
Jan	$777	$1,247	$665	$226,599
Feb	$782	$1,243	$665	$225,818
Mar	$786	$1,238	$665	$225,032
Apr	$790	$1,234	$665	$224,241
May	$795	$1,230	$665	$223,447
Jun	$799	$1,225	$665	$222,648
Jul	$803	$1,221	$665	$221,844
Aug	$808	$1,216	$665	$221,037
Sep	$812	$1,212	$665	$220,225
Oct	$817	$1,208	$665	$219,408
Nov	$821	$1,203	$665	$218,587
Dec	$826	$1,199	$665	$217,761
2042	$9,615	$14,675	$7,980	$217,761
Jan	$830	$1,194	$665	$216,931
Feb	$835	$1,190	$665	$216,096
Mar	$839	$1,185	$665	$215,257
Apr	$844	$1,180	$665	$214,413
May	$848	$1,176	$665	$213,565
Jun	$853	$1,171	$665	$212,712
Jul	$858	$1,166	$665	$211,854
Aug	$863	$1,162	$665	$210,991
Sep	$867	$1,157	$665	$210,124
Oct	$872	$1,152	$665	$209,252
Nov	$877	$1,147	$665	$208,375
Dec	$882	$1,143	$665	$207,494
2043	$10,268	$14,023	$7,980	$207,494
Jan	$886	$1,138	$665	$206,607
Feb	$891	$1,133	$665	$205,716
Mar	$896	$1,128	$665	$204,820
Apr	$901	$1,123	$665	$203,919
May	$906	$1,118	$665	$203,013
Jun	$911	$1,113	$665	$202,102
Jul	$916	$1,108	$665	$201,186
Aug	$921	$1,103	$665	$200,265
Sep	$926	$1,098	$665	$199,339
Oct	$931	$1,093	$665	$198,407
Nov	$936	$1,088	$665	$197,471
Dec	$941	$1,083	$665	$196,530
2044	$10,964	$13,326	$7,980	$196,530
Jan	$947	$1,078	$665	$195,583
Feb	$952	$1,072	$665	$194,632
Mar	$957	$1,067	$665	$193,675
Apr	$962	$1,062	$665	$192,712
May	$967	$1,057	$665	$191,745
Jun	$973	$1,051	$665	$190,772
Jul	$978	$1,046	$665	$189,794
Aug	$983	$1,041	$665	$188,810
Sep	$989	$1,035	$665	$187,822
Oct	$994	$1,030	$665	$186,827
Nov	$1,000	$1,024	$665	$185,828
Dec	$1,005	$1,019	$665	$184,822
2045	$11,707	$12,583	$7,980	$184,822
Jan	$1,011	$1,013	$665	$183,812
Feb	$1,016	$1,008	$665	$182,795
Mar	$1,022	$1,002	$665	$181,773
Apr	$1,027	$997	$665	$180,746
May	$1,033	$991	$665	$179,713
Jun	$1,039	$985	$665	$178,674
Jul	$1,044	$980	$665	$177,630
Aug	$1,050	$974	$665	$176,579
Sep	$1,056	$968	$665	$175,524
Oct	$1,062	$962	$665	$174,462
Nov	$1,068	$957	$665	$173,394
Dec	$1,073	$951	$665	$172,321
2046	$12,501	$11,789	$7,980	$172,321
Jan	$1,079	$945	$665	$171,242
Feb	$1,085	$939	$665	$170,156
Mar	$1,091	$933	$665	$169,065
Apr	$1,097	$927	$665	$167,968
May	$1,103	$921	$665	$166,865
Jun	$1,109	$915	$665	$165,756
Jul	$1,115	$909	$665	$164,640
Aug	$1,121	$903	$665	$163,519
Sep	$1,128	$897	$665	$162,391
Oct	$1,134	$890	$665	$161,258
Nov	$1,140	$884	$665	$160,118
Dec	$1,146	$878	$665	$158,971
2047	$13,349	$10,941	$7,980	$158,971
Jan	$1,152	$872	$665	$157,819
Feb	$1,159	$865	$665	$156,660
Mar	$1,165	$859	$665	$155,495
Apr	$1,172	$853	$665	$154,323
May	$1,178	$846	$665	$153,145
Jun	$1,184	$840	$665	$151,961
Jul	$1,191	$833	$665	$150,770
Aug	$1,197	$827	$665	$149,573
Sep	$1,204	$820	$665	$148,369
Oct	$1,211	$814	$665	$147,158
Nov	$1,217	$807	$665	$145,941
Dec	$1,224	$800	$665	$144,717
2048	$14,255	$10,036	$7,980	$144,717
Jan	$1,231	$794	$665	$143,486
Feb	$1,237	$787	$665	$142,249
Mar	$1,244	$780	$665	$141,005
Apr	$1,251	$773	$665	$139,754
May	$1,258	$766	$665	$138,496
Jun	$1,265	$759	$665	$137,231
Jul	$1,272	$752	$665	$135,959
Aug	$1,279	$746	$665	$134,680
Sep	$1,286	$738	$665	$133,395
Oct	$1,293	$731	$665	$132,102
Nov	$1,300	$724	$665	$130,802
Dec	$1,307	$717	$665	$129,495
2049	$15,221	$9,069	$7,980	$129,495
Jan	$1,314	$710	$665	$128,181
Feb	$1,321	$703	$665	$126,860
Mar	$1,329	$696	$665	$125,531
Apr	$1,336	$688	$665	$124,195
May	$1,343	$681	$665	$122,852
Jun	$1,351	$674	$665	$121,502
Jul	$1,358	$666	$665	$120,144
Aug	$1,365	$659	$665	$118,778
Sep	$1,373	$651	$665	$117,405
Oct	$1,380	$644	$665	$116,025
Nov	$1,388	$636	$665	$114,637
Dec	$1,396	$629	$665	$113,241
2050	$16,254	$8,036	$7,980	$113,241
Jan	$1,403	$621	$665	$111,838
Feb	$1,411	$613	$665	$110,427
Mar	$1,419	$606	$665	$109,009
Apr	$1,426	$598	$665	$107,582
May	$1,434	$590	$665	$106,148
Jun	$1,442	$582	$665	$104,706
Jul	$1,450	$574	$665	$103,256
Aug	$1,458	$566	$665	$101,798
Sep	$1,466	$558	$665	$100,332
Oct	$1,474	$550	$665	$98,858
Nov	$1,482	$542	$665	$97,375
Dec	$1,490	$534	$665	$95,885
2051	$17,356	$6,934	$7,980	$95,885
Jan	$1,498	$526	$665	$94,387
Feb	$1,507	$518	$665	$92,880
Mar	$1,515	$509	$665	$91,365
Apr	$1,523	$501	$665	$89,842
May	$1,532	$493	$665	$88,311
Jun	$1,540	$484	$665	$86,771
Jul	$1,548	$476	$665	$85,222
Aug	$1,557	$467	$665	$83,665
Sep	$1,565	$459	$665	$82,100
Oct	$1,574	$450	$665	$80,526
Nov	$1,583	$442	$665	$78,943
Dec	$1,591	$433	$665	$77,352
2052	$18,533	$5,757	$7,980	$77,352
Jan	$1,600	$424	$665	$75,752
Feb	$1,609	$415	$665	$74,143
Mar	$1,618	$407	$665	$72,525
Apr	$1,627	$398	$665	$70,899
May	$1,635	$389	$665	$69,264
Jun	$1,644	$380	$665	$67,619
Jul	$1,653	$371	$665	$65,966
Aug	$1,662	$362	$665	$64,303
Sep	$1,672	$353	$665	$62,632
Oct	$1,681	$343	$665	$60,951
Nov	$1,690	$334	$665	$59,261
Dec	$1,699	$325	$665	$57,562
2053	$19,790	$4,500	$7,980	$57,562
Jan	$1,709	$316	$665	$55,853
Feb	$1,718	$306	$665	$54,135
Mar	$1,727	$297	$665	$52,408
Apr	$1,737	$287	$665	$50,671
May	$1,746	$278	$665	$48,925
Jun	$1,756	$268	$665	$47,169
Jul	$1,766	$259	$665	$45,403
Aug	$1,775	$249	$665	$43,628
Sep	$1,785	$239	$665	$41,843
Oct	$1,795	$229	$665	$40,048
Nov	$1,805	$220	$665	$38,244
Dec	$1,814	$210	$665	$36,429
2054	$21,132	$3,158	$7,980	$36,429
Jan	$1,824	$200	$665	$34,605
Feb	$1,834	$190	$665	$32,770
Mar	$1,844	$180	$665	$30,926
Apr	$1,855	$170	$665	$29,071
May	$1,865	$159	$665	$27,206
Jun	$1,875	$149	$665	$25,331
Jul	$1,885	$139	$665	$23,446
Aug	$1,896	$129	$665	$21,551
Sep	$1,906	$118	$665	$19,645
Oct	$1,916	$108	$665	$17,728
Nov	$1,927	$97	$665	$15,801
Dec	$1,938	$87	$665	$13,864
2055	$22,566	$1,725	$7,980	$13,864
Jan	$1,948	$76	$665	$11,915
Feb	$1,959	$65	$665	$9,957
Mar	$1,970	$55	$665	$7,987
Apr	$1,980	$44	$665	$6,007
May	$1,991	$33	$665	$4,015
Jun	$2,002	$22	$665	$2,013
Jul	$2,013	$11	$665	$0
2056	$13,864	$306	$4,655	$0
Totals	$317,600	$411,107	$239,400

Refinancing in Connecticut

The arithmetic is the same everywhere: refinancing pays off when the monthly saving clears the closing costs before you sell or refinance again. What differs by state is the cost of getting there — recording fees, transfer and mortgage taxes, and whether an existing tax assessment survives the new loan.

Work the break-even with the refinance calculator, or check this week’s national average rates.

Connecticut home loans in detail

Connecticut Mortgage Overview

Known as the 'Constitution State' with Yankee Doodle as its state song, there are many reasons to live in Connecticut besides a love for your country. Connecticut is as beautiful as it is charming and it has a deep culture and history that makes it one of the most unique places to live.

The median home price in Connecticut is around $445,000.

If you're thinking about moving to Connecticut, here are the top loan options:

Connecticut conventional loans

Conventional loans are for 'good credit' borrowers or borrowers with a decent credit history. You shouldn't have a lot of debt outstanding or recent late payments. With just 3 percent down, you can secure this attractive financing option to buy a Connecticut home.

Connecticut FHA loans

If you've had some credit troubles in the past or your debt level is higher than you'd like to admit, the FHA loan offers a great option. With just a 580 credit score and 3.5 percent down or a 500 credit score and 10 percent down, you could become a homeowner with low interest rates and great terms.

Connecticut VA loans

Veterans moving to the beautiful state of Connecticut have the advantage of the 100 percent VA loan. You don't need a down payment or perfect credit. Just prove you make enough money to cover your bills and the daily cost of living and you're on your way to owning a home with no down payment.

Connecticut USDA loans

If none of the above options work and you don't mind living in a rural area, the Connecticut USDA loan is a great option. You need a 640 credit score, but don't need a down payment. The USDA loan is for low to moderate-income families who can't qualify for any other financing.

First-Time Homebuyer Programs in Connecticut

CHFA Down Payment Assistance Program

The DAP offers assistance up to $20,000 if you secure a CHFA mortgage loan. You must contribute $1,000 of your own funds but will receive up to 3 percent or the minimum down payment requirement for your loan program. You must attend homebuyer counseling but will get down payment assistance in return.

HFA Advantage and HFA Preferred

If you buy a home within the CHFA housing limits, you may qualify for these below-the-market interest rate programs. With no upfront mortgage insurance and attractive rates, the HFA programs make it easier for first-time buyers to secure a loan.

CALP

If your household income exceeds the limits for the HFA Advantage programs, the CALP program may help. Also for first-time homebuyers, the program offers no upfront mortgage insurance and below-market interest rates. You must be a first-time homebuyer or not have owned a home in the last 3 years.

Military, Police, and Teachers Home Ownership

Program

The CHFA also offers the same program to military members, police officers, and teachers, but with an additional 0.125 percent off the interest rates.

Disabled Persons Home Ownership Program

The CHFA provides disabled persons with a low interest mortgage program with proof of your disability and/or disability income.

Connecticut mortgage FAQ

How much is property tax on a home in Connecticut?: Connecticut homeowners pay an effective property tax rate of about 1.66 percent of home value — the 3rd highest of the 50 states and DC. On the state's median home value of $396,900 that works out to roughly $6,590 a year, or $549 a month added to the mortgage payment. The figures come from the Census Bureau's American Community Survey 2024 1-year estimates; your own bill depends on the county and city rates where the home sits.
What is the monthly payment on a median-priced Connecticut home?: At $397,000 with 20 percent down and the current 6.58 percent national 30-year fixed average, principal and interest come to about $2,024 a month. Adding Connecticut property tax of roughly $549 a month and an estimated $116 of homeowner insurance brings the full payment to around $2,689.
Which mortgage programs are available in Connecticut?: Connecticut homebuyers can pick conventional loans with as little as 3 percent down for borrowers with decent credit, FHA loans needing a 580 credit score with 3.5 percent down or a 500 score with 10 percent down, VA loans with 100 percent financing for veterans, and USDA loans with no down payment and a 640 score for low to moderate-income families in rural areas.
What first-time buyer help does Connecticut provide?: The Connecticut Housing Finance Authority runs several options, including the Down Payment Assistance Program for buyers using a CHFA mortgage, the below-market-rate HFA Advantage and HFA Preferred loans, and CALP for households above the HFA income limits. There are also dedicated programs for military members, police officers, and teachers with an extra rate discount, plus a low-interest program for disabled persons.
How much do you need to put down on a house in Connecticut?: Conventional loans in Connecticut start at 3 percent down, FHA loans need 3.5 percent with a 580 credit score or 10 percent with a 500 score, and VA and USDA loans require nothing down for eligible buyers. CHFA's Down Payment Assistance Program can cover up to 3 percent or your loan's minimum down payment if you contribute some of your own funds and attend counseling.

Property tax in every state

Effective rate on owner-occupied value, highest bills first in each column.

Alabama0.38%
Alaska1.06%
Arizona0.43%
Arkansas0.52%
California0.71%
Colorado0.49%
Delaware0.47%
District of Columbia0.63%
Florida0.75%
Georgia0.74%
Hawaii0.27%
Idaho0.43%
Illinois1.92%
Indiana0.74%
Iowa1.29%
Kansas1.25%
Kentucky0.71%
Louisiana0.53%
Maine0.91%
Maryland0.95%
Massachusetts1.00%
Michigan1.18%
Minnesota1.02%
Mississippi0.65%
Missouri0.79%
Montana0.69%
Nebraska1.42%
Nevada0.47%
New Hampshire1.46%
New Jersey1.89%
New Mexico0.63%
New York1.45%
North Carolina0.61%
North Dakota0.96%
Ohio1.22%
Oklahoma0.75%
Oregon0.78%
Pennsylvania1.16%
Rhode Island1.07%
South Carolina0.45%
South Dakota1.02%
Tennessee0.45%
Texas1.31%
Utah0.49%
Vermont1.42%
Virginia0.71%
Washington0.79%
West Virginia0.52%
Wisconsin1.25%
Wyoming0.57%

Connecticut Mortgage Calculator

Loan balance over time

What these numbers come from

Monthly cost across Connecticut home prices

Amortization schedule

Refinancing in Connecticut

Connecticut home loans in detail

Connecticut Mortgage Overview

Connecticut conventional loans

Connecticut FHA loans

Connecticut VA loans

Connecticut USDA loans

First-Time Homebuyer Programs in Connecticut

CHFA Down Payment Assistance Program

HFA Advantage and HFA Preferred

CALP

Military, Police, and Teachers Home Ownership

Disabled Persons Home Ownership Program

Connecticut mortgage FAQ

Property tax in every state