What it costs to own

Monthly, all in

$15,665

$187,982/yr at $1.88M, 20% down, 7.40% over 30 yrs

Principal & interest66%$10,386

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 10/8/2026TermLoan

$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

$2,238,851

149% of the loan, to the bank

Paid in year one

$187,982

of which $124,628 is the mortgage

If rates move

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

6.40%	$9,383/mo	−$1,003
6.90%	$9,879/mo	−$507
7.40%	$10,386/mo	your rate
7.90%	$10,902/mo	+$516
8.40%	$11,428/mo	+$1,042

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 →