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Melrose Mortgage Calculator

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

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Est. Total Monthly Cost

$1,278

P&I Payment$926

Taxes & Ins$161

Utilities$190

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Mortgage Details

Home Price$173,515

Local Median: $173,515

Down Payment$34,703 (20%)

Interest Rate

Loan Term

Credit Score

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

Local Area Costs

Property Taxes / yr$543

Homeowners Ins. / yr$1,390

Include Flood InsuranceOptional

Estimated based on Melrose FEMA risk profiles.

Include Est. Utilities$2,284/yr

Based on DOE LEAD data for Melrose.

Monthly$1,278

Monthly Breakdown

Principal & Interest

$926

Property Taxes

$45

Homeowners Ins.

$116

Utilities

$190

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest

$194,629

Local Housing Facts for Melrose

·Median home value: $173,515 (adjusted for current market conditions)
·Est. property taxes: $543/yr — pre-loaded from county assessment data
·Homeowners insurance (HO-3): $1,390/yr — based on local per-$1K premium rates
·Energy utilities: $2,284/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 Melrose?

Based on the local median home value, estimated real estate property taxes in Melrose are around $543 per year.

What is the average home price in Melrose?

The median home value in Melrose is currently estimated at $173,515.

How much does homeowners insurance cost in Melrose?

For a median priced home, homeowners insurance in Melrose averages around $1,390 annually.

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

True homeownership costs go beyond principal and interest. In Melrose, a typical homeowner with a median-priced home of $173,515 can expect to pay roughly $543/yr in property taxes, $1,390/yr for homeowners insurance, and $2,284/yr in energy utilities. That adds approximately $351 per month in ongoing costs on top of your mortgage payment. Use our calculator above to model your exact all-in monthly cost.