Calculate your monthly mortgage payment in Massachusetts. Pre-filled with Massachusetts's median home price of $560,000 and an average property tax rate of 1.23%.
Est. Monthly Payment
$3,719
Principal & Interest
$2,912
Property Tax / mo
$574
Total Interest Paid
$600,204
| Home Price | $560,000 | Median home price in Massachusetts (2025) |
| Down Payment | 20% ($112,000) | Typical down payment percentage |
| Loan Amount | $448,000 | Home price minus down payment |
| Interest Rate | 6.77% | Approximate 30-year fixed rate (2025 avg) |
| Loan Term | 30 years | Most common mortgage term |
| Property Tax | 1.23% / year | Massachusetts average effective rate |
| Home Insurance | 0.5% / year | Approximate annual premium |
MassHousing Down Payment Assistance, ONE Mortgage
Cost of living: Very High · Population: 7,029,917
Massachusetts has a median home price of approximately $560,000, placing it above the national median. With a 20% down payment of $112,000, a typical buyer would finance $448,000 over 30 years. At a 6.77% fixed rate, the monthly principal and interest payment comes to $2,912.
Property taxes in Massachusetts average 1.23% of the assessed home value annually — one of the moderate rates in the country. Combined with an estimated $233 for homeowners insurance, your all-in monthly housing cost is approximately $3,719.
Using the 28% housing cost guideline, you would need a gross annual income of approximately $159,372 to qualify comfortably. The median household income in Massachusetts is $89,026.
