What it costs to own

Monthly, all in

$13,243

$158,912/yr at $1.56M, 20% down, 7.18% over 30 yrs

Principal & interest64%$8,454

Property tax16%$2,089

Insurance4%$520

Maintenance10%$1,300

Heat3%$439

Commute3%$441

Your numbers

Purchase price — $1.56M

Down payment

$312,000Interest rate

survey 11/5/2026TermLoan

$1,248,000

20% down

Tax the purchase price, not the current assessment

Connecticut doesn't reassess on sale — you inherit Ridgefield's current bill ($25,062/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

$358,800

$312,000 down + ~3% costs

Interest over 30 years

$1,795,579

144% of the loan, to the bank

Paid in year one

$158,912

of which $101,453 is the mortgage

If rates move

Principal and interest on this $1,248,000 loan. Everything else in the payment stays put.

6.18%	$7,627/mo	−$827
6.68%	$8,037/mo	−$418
7.18%	$8,454/mo	your rate
7.68%	$8,881/mo	+$426
8.18%	$9,314/mo	+$860

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 →