Massachusetts Mortgage Calculator

Your monthly mortgage payment in Massachusetts, with Massachusetts's effective property tax rate (1.07%) built in, at this week's average rate. The calculator starts at the state's median home value, $562,100.

Home priceDown paymentInterest rateStarts at this week's national averageLoan termProperty taxA year, as a share of the price; about 1% is typical, varying widely by countyHome insurance a yearMortgage insurance (PMI)A year, on the loan, only below 20% downHOA dues a month

A $562,000 home with 20% down ($449,600 borrowed) at 7.28% over 30 years costs about $3,742 a month: $3,076 principal and interest plus $666 of tax, insurance and dues.

Monthly payment: $3,742.13
Principal and interest: $3,076.22
Tax, insurance, PMI and HOA: $665.91
Total interest over the loan: $657,839

Download the schedule (CSV)

Amortization by year: $449,600 at 7.28%

Year	Interest	Principal	Balance
1	$32,588.42	$4,326.20	$445,273.80
2	$32,262.75	$4,651.87	$440,621.93
3	$31,912.56	$5,002.06	$435,619.87
4	$31,536.01	$5,378.61	$430,241.26
5	$31,131.12	$5,783.51	$424,457.75
6	$30,695.74	$6,218.88	$418,238.87
7	$30,227.59	$6,687.03	$411,551.84
8	$29,724.20	$7,190.42	$404,361.42
9	$29,182.91	$7,731.71	$396,629.71
10	$28,600.88	$8,313.75	$388,315.96
11	$27,975.03	$8,939.59	$379,376.37
12	$27,302.06	$9,612.56	$369,763.81
13	$26,578.44	$10,336.18	$359,427.63
14	$25,800.34	$11,114.28	$348,313.35
15	$24,963.67	$11,950.95	$336,362.40
16	$24,064.02	$12,850.60	$323,511.80
17	$23,096.64	$13,817.98	$309,693.82
18	$22,056.44	$14,858.18	$294,835.64
19	$20,937.93	$15,976.69	$278,858.95
20	$19,735.22	$17,179.40	$261,679.55
21	$18,441.98	$18,472.64	$243,206.91
22	$17,051.38	$19,863.24	$223,343.67
23	$15,556.09	$21,358.53	$201,985.14
24	$13,948.25	$22,966.37	$179,018.77
25	$12,219.37	$24,695.26	$154,323.51
26	$10,360.33	$26,554.29	$127,769.22
27	$8,361.36	$28,553.26	$99,215.96
28	$6,211.90	$30,702.72	$68,513.24
29	$3,900.63	$33,013.99	$35,499.25
30	$1,415.37	$35,499.25	$0.00

This week's mortgage rates →

Monthly payment in Massachusetts by home price (20% down, 7%, 30 years, 1.07% tax, $2,000 insurance)

Home price	Principal and interest	Property tax	Total
$280,000	$1,490	$249	$1,906
$420,000	$2,235	$373	$2,775
$560,000	$2,981	$497	$3,645
$840,000	$4,471	$746	$5,384
$1,120,000	$5,961	$995	$7,123

How this calculator works

As the mortgage calculator, with Massachusetts's effective property tax rate from the Census Bureau's American Community Survey 2020–2024 5-year estimates: median taxes $5,992 ÷ median value $562,100.

What it assumes

Home insurance varies a lot by state and area; enter your quote.
County property tax rates differ from the state figure; see the county pages.

Questions people ask

What is the mortgage payment on a median home in Massachusetts?

On $562,100 with 20% down at 7% over 30 years: about $2,992 principal and interest and $499 of property tax, $3,658 a month with $2,000 a year of insurance.

What is the median home value in Massachusetts?

$562,100 for owner-occupied homes (Census American Community Survey 2020–2024 5-year estimates), against $332,700 nationally.

How much is property tax in Massachusetts?

The effective rate is 1.07%, a median $5,992 a year. See Massachusetts's property tax page for every county we cover.

How much income do I need for a median Massachusetts home?

Under the 28% guideline, about $156,760 a year for the payment above; Massachusetts's median household income is $103,960.

Related calculators

Sources

Updated Sep 30, 2026 by the RateHerald team. The maths is tested against worked examples; report a problem.