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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
$2,098
P&I Payment$1,341
Taxes & Ins$568
Utilities$189
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Mortgage Details

$252,847
Local Median: $252,847
$50,569 (20%)
%

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

Local Area Costs

Monthly$2,098

Monthly Breakdown

Principal & Interest
$1,341
Property Taxes
$528
Homeowners Ins.
$40
Utilities
$189

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$280,631

Local Housing Facts for Gloucester

  • ·Median home value: $252,847 (adjusted for current market conditions)
  • ·Est. property taxes: $6,334/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $481/yr — based on local per-$1K premium rates
  • ·Energy utilities: $2,270/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 City?

Based on the local median home value, estimated real estate property taxes in Gloucester City are around $6,334 per year.

What is the average home price in Gloucester City?

The median home value in Gloucester City is currently estimated at $252,847.

How much does homeowners insurance cost in Gloucester City?

For a median priced home, homeowners insurance in Gloucester City averages around $481 annually.

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

True homeownership costs go beyond principal and interest. In Gloucester City, a typical homeowner with a median-priced home of $252,847 can expect to pay roughly $6,334/yr in property taxes, $481/yr for homeowners insurance, and $2,270/yr in energy utilities. That adds approximately $757 per month in ongoing costs on top of your mortgage payment. Use our calculator above to model your exact all-in monthly cost.