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Gloucester Mortgage Calculator

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

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Est. Total Monthly Cost
$2,499
P&I Payment$1,501
Taxes & Ins$825
Utilities$173
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Mortgage Details

$284,579
Local Median: $284,579
$56,916 (20%)
%

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

Local Area Costs

Monthly$2,499

Monthly Breakdown

Principal & Interest
$1,501
Property Taxes
$107
Homeowners Ins.
$719
Utilities
$173

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$312,556

Local Housing Facts for Gloucester

  • ·Median home value: $284,579 (adjusted for current market conditions)
  • ·Est. property taxes: $1,283/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $8,622/yr — based on local per-$1K premium rates
  • ·Energy utilities: $2,081/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 Gloucester?

Based on the local median home value, estimated real estate property taxes in Gloucester are around $1,283 per year.

What is the average home price in Gloucester?

The median home value in Gloucester is currently estimated at $284,579.

How much does homeowners insurance cost in Gloucester?

For a median priced home, homeowners insurance in Gloucester averages around $8,622 annually.

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

True homeownership costs go beyond principal and interest. In Gloucester, a typical homeowner with a median-priced home of $284,579 can expect to pay roughly $1,283/yr in property taxes, $8,622/yr for homeowners insurance, and $2,081/yr in energy utilities. That adds approximately $999 per month in ongoing costs on top of your mortgage payment. Use our calculator above to model your exact all-in monthly cost.