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Somerville Mortgage Calculator

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

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Est. Total Monthly Cost
$1,313
P&I Payment$876
Taxes & Ins$259
Utilities$177
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Mortgage Details

$164,918
Local Median: $164,918
$32,984 (20%)
%

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

Local Area Costs

Monthly$1,313

Monthly Breakdown

Principal & Interest
$876
Property Taxes
$156
Homeowners Ins.
$103
Utilities
$177

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$183,550

Local Housing Facts for Somerville

  • ·Median home value: $164,918 (adjusted for current market conditions)
  • ·Est. property taxes: $1,873/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $1,238/yr — based on local per-$1K premium rates
  • ·Energy utilities: $2,123/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 Somerville?

Based on the local median home value, estimated real estate property taxes in Somerville are around $1,873 per year.

What is the average home price in Somerville?

The median home value in Somerville is currently estimated at $164,918.

How much does homeowners insurance cost in Somerville?

For a median priced home, homeowners insurance in Somerville averages around $1,238 annually.

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

True homeownership costs go beyond principal and interest. In Somerville, a typical homeowner with a median-priced home of $164,918 can expect to pay roughly $1,873/yr in property taxes, $1,238/yr for homeowners insurance, and $2,123/yr in energy utilities. That adds approximately $436 per month in ongoing costs on top of your mortgage payment. Use our calculator above to model your exact all-in monthly cost.