Mortgage calculator by state
Pick a highlighted state: the calculator opens with that state's typical home price, property tax rate and insurance cost.
| State | Median home value | Avg. property tax | Avg. insurance / year | Monthly payment* |
|---|---|---|---|---|
| California | $810,000 | 0.69% | $2,040 | $5,042 |
| Florida | $405,000 | 0.76% | $6,408 | $2,919 |
| Illinois | $290,000 | 1.79% | $2,568 | $2,164 |
| New York | $490,000 | 1.23% | $1,356 | $3,162 |
| Texas | $310,000 | 1.25% | $4,668 | $2,370 |
* Median-priced home, 20% down, 6.5% 30-year fixed, with the typical new-buyer property tax rate and average insurance.
Why the same house costs different amounts in different states
- Property tax ranges from well under 1% of value in Hawaii and parts of the South to over 2% in New Jersey and Illinois.
- Homeowners insurance is highest where storms and wildfires are frequent: Florida, Texas, Louisiana, Oklahoma.
- Transfer and recording taxes add to closing costs in states like New York and Florida, while Texas has none.
- Loan limits: the 2026 conforming limit is $832,750 in most counties and up to $1,249,125 in high-cost areas.
Not buying in the US? The mortgage calculator works for any home price, and there is a separate Canadian mortgage calculator.
Frequently asked questions
Which state has the highest property taxes?
New Jersey and Illinois have the highest effective property tax rates, around 1.8% to 2.2% of home value on average.
Which state has the most expensive home insurance?
Florida, at about $6,400 a year on average for $300,000 of dwelling coverage, followed by Oklahoma, Louisiana and Texas.
What is the conforming loan limit for 2026?
$832,750 for a one-unit home in most of the US and up to $1,249,125 in high-cost counties.
For information only; not a loan offer.
Sources
- FHFA – 2026 conforming loan limits
- NAHB analysis of Census ACS property tax data
- Zillow Home Value Index
- Insurify – home insurance by state
Rules checked: October 2026