Real monthly cost — principal, interest, taxes, insurance and PMI. Built by a 23-year banking professional.
The median home price in Rochester, NY is approximately $215,000. With a 20% down payment at current rates (~6.8%), your principal and interest payment on a 30-year mortgage would be around $1,121/month — before taxes, insurance, and any HOA fees.
New York property taxes average 2.72% annually, which adds approximately $487/month on a $215,000 home. Always budget for the full PITI payment, not just the base mortgage.
If your credit score is below 700, you could be paying significantly more in interest. Use our Credit Score Simulator to see exactly how much.
Educational purposes only. Rates are estimates and vary by lender, credit score, and loan type. Not financial advice.