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Brooklyn Mortgage Calculator

Estimate your true cost of homeownership in Brooklyn with localized property taxes, insurance, and utility data.

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Est. Total Monthly Cost
$1,877
P&I Payment$1,473
Taxes & Ins$180
Utilities$224
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Mortgage Details

$277,904
Local Median: $277,904
$55,581 (20%)
%

Used with your down payment to fetch a live, scenario-specific rate.

Local Area Costs

Monthly$1,877

Monthly Breakdown

Principal & Interest
$1,473
Property Taxes
$87
Homeowners Ins.
$93
Utilities
$224

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$308,066

Local Housing Facts for Brooklyn

  • ·Median home value: $277,904 (adjusted for current market conditions)
  • ·Est. property taxes: $1,045/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $1,112/yr — based on local per-$1K premium rates
  • ·Energy utilities: $2,689/yr — sourced from DOE LEAD survey data
  • ·Flood insurance: optional — toggled off by default, estimate based on FEMA risk profile

Frequently Asked Questions

How much are property taxes in Brooklyn?

Based on the local median home value, estimated real estate property taxes in Brooklyn are around $1,045 per year.

What is the average home price in Brooklyn?

The median home value in Brooklyn is currently estimated at $277,904.

How much does homeowners insurance cost in Brooklyn?

For a median priced home, homeowners insurance in Brooklyn averages around $1,112 annually.

What is the true total cost of owning a home in Brooklyn?

True homeownership costs go beyond principal and interest. In Brooklyn, a typical homeowner with a median-priced home of $277,904 can expect to pay roughly $1,045/yr in property taxes, $1,112/yr for homeowners insurance, and $2,689/yr in energy utilities. That adds approximately $404 per month in ongoing costs on top of your mortgage payment. Use our calculator above to model your exact all-in monthly cost.