Massachusetts Mortgage Calculator

Estimate your monthly payment in Massachusetts — including property tax (1.14% effective rate), home insurance, and PMI. Pre-filled with Massachusetts averages for 2026.

$
%

= $124,000 down

%
years
Estimated payment
Total monthly payment
$3,939
Principal & interest
$3,217
Property tax (1.14%)
$589
Home insurance
$133
Loan amount
$496,000
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Mortgage costs in Massachusetts

Median home price
$620,000
Effective property tax
1.14%
Typical home insurance
$1,600/yr

The average Massachusetts homeowner pays roughly $589/month in property tax on a median-priced home, plus about $133/month in home insurance. Property tax is billed by your county — actual rates vary from the state average, so check your county assessor's site for exact figures.

How much house can I afford in Massachusetts?

A common rule is to keep total housing costs (PITI) under 28% of gross monthly income. At current rates, buying the median Massachusetts home ($620,000) with 20% down requires roughly $168,831 in annual income.

Other calculators for Massachusetts homebuyers

Mortgage calculators for other states