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Cambridge Mortgage Calculator

Estimate your true cost of homeownership in Cambridge with localized property taxes, insurance, and utility data.

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Est. Total Monthly Cost
$7,161
P&I Payment$6,344
Taxes & Ins$640
Utilities$177
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Mortgage Details

$1,198,725
Local Median: $1,198,725
$239,745 (20%)
%

Used with your down payment to fetch a live, scenario-specific rate.

Local Area Costs

Monthly$7,161

Monthly Breakdown

Principal & Interest
$6,344
Property Taxes
$419
Homeowners Ins.
$222
Utilities
$177

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$1,324,893

Local Housing Facts for Cambridge

  • ·Median home value: $1,198,725 (adjusted for current market conditions)
  • ·Est. property taxes: $5,023/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $2,658/yr — based on local per-$1K premium rates
  • ·Energy utilities: $2,125/yr — sourced from DOE LEAD survey data
  • ·Flood insurance: optional — toggled off by default, estimate based on FEMA risk profile

Frequently Asked Questions

How much are property taxes in Cambridge?

Based on the local median home value, estimated real estate property taxes in Cambridge are around $5,023 per year.

What is the average home price in Cambridge?

The median home value in Cambridge is currently estimated at $1,198,725.

How much does homeowners insurance cost in Cambridge?

For a median priced home, homeowners insurance in Cambridge averages around $2,658 annually.

What is the true total cost of owning a home in Cambridge?

True homeownership costs go beyond principal and interest. In Cambridge, a typical homeowner with a median-priced home of $1,198,725 can expect to pay roughly $5,023/yr in property taxes, $2,658/yr for homeowners insurance, and $2,125/yr in energy utilities. That adds approximately $817 per month in ongoing costs on top of your mortgage payment. Use our calculator above to model your exact all-in monthly cost.