What it costs to own

Monthly, all in

$15,209

$182,504/yr at $1.88M, 20% down, 6.95% over 30 yrs

Principal & interest65%$9,929

Property tax15%$2,330

Insurance4%$625

Maintenance10%$1,563

Heat2%$321

Commute3%$441

Your numbers

Purchase price — $1.88M

Down payment

$375,000Interest rate

survey 9/17/2026TermLoan

$1,500,000

20% down

Tax the purchase price, not the current assessment

Connecticut doesn't reassess on sale — you inherit Fairfield's current bill ($27,964/yr) until its next revaluation. Tick this to see the bill if it were reassessed at your price.

Include commuting ($441/mo — Demo station pass, parking, fuel)

Cash to close

$431,250

$375,000 down + ~3% costs

Interest over 30 years

$2,074,519

138% of the loan, to the bank

Paid in year one

$182,504

of which $119,151 is the mortgage

If rates move

Principal and interest on this $1,500,000 loan. Everything else in the payment stays put.

5.95%	$8,945/mo	−$984
6.45%	$9,432/mo	−$497
6.95%	$9,929/mo	your rate
7.45%	$10,437/mo	+$508
7.95%	$10,954/mo	+$1,025

Estimates, not a quote: insurance 0.40%/yr and maintenance 1.00%/yr of value, heat from the assessor's fuel type, closing costs ~3%, PMI 0.6%/yr below 20% down. Your lender's numbers will differ. What to offer →