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Massachusetts Mortgage Calculator

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

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Est. Total Monthly Cost
$4,588
P&I Payment$3,674
Taxes & Ins$672
Utilities$242
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Mortgage Details

$704,709
Local Median: $704,709
$140,942 (20%)
%

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

Local Area Costs

Monthly$4,588

Monthly Breakdown

Principal & Interest
$3,674
Property Taxes
$500
Homeowners Ins.
$172
Utilities
$242

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$758,950

Local Housing Facts for Massachusetts

  • ·Median home value: $704,709 (adjusted for current market conditions)
  • ·Est. property taxes: $5,994/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $2,068/yr — based on local per-$1K premium rates
  • ·Energy utilities: $2,909/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 Massachusetts?

Based on the local median home value, estimated real estate property taxes in Massachusetts are around $5,994 per year.

What is the average home price in Massachusetts?

The median home value in Massachusetts is currently estimated at $704,709.

How much does homeowners insurance cost in Massachusetts?

For a median priced home, homeowners insurance in Massachusetts averages around $2,068 annually.

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

True homeownership costs go beyond principal and interest. In Massachusetts, a typical homeowner with a median-priced home of $704,709 can expect to pay roughly $5,994/yr in property taxes, $2,068/yr for homeowners insurance, and $2,909/yr in energy utilities. That adds approximately $914 per month in ongoing costs on top of your mortgage payment. Use our calculator above to model your exact all-in monthly cost.