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Rhode Island Mortgage Calculator

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

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Est. Total Monthly Cost
$3,525
P&I Payment$2,737
Taxes & Ins$576
Utilities$212
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Mortgage Details

$523,348
Local Median: $523,348
$104,670 (20%)
%

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

Local Area Costs

Monthly$3,525

Monthly Breakdown

Principal & Interest
$2,737
Property Taxes
$422
Homeowners Ins.
$154
Utilities
$212

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$566,643

Local Housing Facts for Rhode Island

  • ·Median home value: $523,348 (adjusted for current market conditions)
  • ·Est. property taxes: $5,059/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $1,853/yr — based on local per-$1K premium rates
  • ·Energy utilities: $2,540/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 Rhode Island?

Based on the local median home value, estimated real estate property taxes in Rhode Island are around $5,059 per year.

What is the average home price in Rhode Island?

The median home value in Rhode Island is currently estimated at $523,348.

How much does homeowners insurance cost in Rhode Island?

For a median priced home, homeowners insurance in Rhode Island averages around $1,853 annually.

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

True homeownership costs go beyond principal and interest. In Rhode Island, a typical homeowner with a median-priced home of $523,348 can expect to pay roughly $5,059/yr in property taxes, $1,853/yr for homeowners insurance, and $2,540/yr in energy utilities. That adds approximately $788 per month in ongoing costs on top of your mortgage payment. Use our calculator above to model your exact all-in monthly cost.