Mortgage rates in New York, NY
Current 30-year, 15-year, FHA, and VA averages, plus a worked monthly payment on a New York median-price home ($1,175,000). National averages update on the rates research page.
30-year fixed
6.85%
15-year fixed
6.05%
FHA 30-year
6.55%
VA 30-year
6.40%
Reference rates updated April 2026. Your quote depends on credit profile, loan-to-value, loan size, and lender. Tax and insurance figures are state-average estimates. Not a loan offer.
Monthly payment on a New York median-price home
30-year, 20% down
$7,462 /mo
- Sale price
- $1,175,000
- Loan amount
- $940,000
- Rate
- 6.85%
15-year, 20% down
$9,260 /mo
- Sale price
- $1,175,000
- Loan amount
- $940,000
- Rate
- 6.05%
FHA, 3.5% down
$9,026 /mo
- Sale price
- $1,175,000
- Loan amount
- $1,133,875
- Rate
- 6.55%
Includes ~0.55% annual MIP escrowed monthly.
Includes principal, interest, Manhattan property tax (effective 0.88%), and New York homeowners insurance estimate (0.45% of home value). HOA, PMI, and CDD/MUD assessments not included.
What drives the New York number
- Manhattan property tax: ~0.88% effective rate. On the median price ($1,175,000) that escrows to about $862 per month.
- New York insurance: ~0.45% of home value annually. About $441 per month.
- Loan-type spread: FHA quotes run ~0.30% below conventional, but you pay an upfront MIP plus 0.55% annual MIP for the life of the loan when you put less than 10% down.
- Local quirk: NYC adds a Mansion Tax (1 to 3.9%) on sales of $1M+ and the Real Property Transfer Tax.
Run the numbers for your scenario
Plug in your real price, down payment, and credit profile. We'll itemize the monthly payment and the cash to close.