Albany, NY mortgage calculator

Albany
Mortgage
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Albany, New York's state capital, has a stable government and healthcare-driven economy. Albany County's effective property tax rate is slightly below the statewide average for upstate metros, but remains elevated relative to most national markets.

2.47% county property tax
Real local rates
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$
$
Interest rate6.48%
Monthly payment
$1,805
P&I · Taxes · Insurance
Total interest
$243,977
Principal & Interest$1,211/mo
Property Tax (2.47%)$494/mo
Homeowners Insurance$100/mo

Recommended for incomes above $80k/yr (28% DTI rule)

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2.47%
Albany area property tax rate
$240,000
Albany median home price
$1,805
est. monthly payment at defaults

Albany housing market

$240,000
Median home price
$46,000
Median household income
99,224
City population

The 2.47% property tax rate reflects the county-level effective rate for Albany and is used to calculate your monthly tax escrow above. This rate may differ from the statewide New York average — county-level data produces more accurate monthly payment estimates for Albany buyers. Many Albany properties also carry HOA fees — the area average is approximately $50/month, which is not included in the calculator above.

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