Calculate your monthly mortgage payment in Massachusetts. Pre-filled with Massachusetts's typical home value of $661,900 (Zillow Home Value Index, August 2026) and an effective property tax rate of 1% (Census ACS 2024 1-year, median taxes ÷ median home value).
Est. Monthly Payment
$4,362
Principal & Interest
$3,534
Property Tax / mo
$552
Total Interest Paid
$742,571
| Home Price | $661,900 | Typical home value in Massachusetts — Zillow Home Value Index, August 2026 |
| Down Payment | 20% ($132,380) | Assumption — no sourced state average |
| Loan Amount | $529,520 | Home price minus down payment |
| Interest Rate | 7.03% | Freddie Mac PMMS national average, week of 2026-09-24 — not a Massachusetts rate |
| Loan Term | 30 years | Assumption |
| Property Tax | 1% / year | Massachusetts effective rate — Census ACS 2024 1-year, median taxes ÷ median home value |
| Home Insurance | 0.5% / year | Assumption — not a sourced premium |
Programs named for Massachusetts: MassHousing Down Payment Assistance, ONE Mortgage. This list has no recorded source or date and may be out of date — confirm current programs and eligibility with the Massachusetts housing finance agency before you rely on it.
Cost of living: Very High (index 148.1, MERIC (C2ER index), Second Quarter 2026) · Population: 7,154,084 (Census Bureau estimate, July 1, 2025)
Massachusetts has a typical home value of about $661,900 (Zillow Home Value Index, August 2026), above the U.S. typical value of $368,700. With an assumed 20% down payment of $132,380, a buyer would finance $529,520 over 30 years. At the national 7.03% fixed rate, the monthly principal and interest payment comes to $3,534.
The effective property tax rate in Massachusetts — median real estate taxes paid divided by median home value — is 1% per year (Census ACS 2024 1-year, median taxes ÷ median home value), against 0.89% for the U.S. Combined with an assumed $276 a month for homeowners insurance, the estimated all-in monthly housing cost is about $4,362.
Using the 28% housing cost guideline, you would need a gross annual income of approximately $186,925 to qualify comfortably. The median household income in Massachusetts is $104,828 (Census ACS 2024 1-year).
