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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.

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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

Monthly payment$3,711.66The answer

Monthly payment

$3,711.66

A $562,000 home with 20% down ($449,600 borrowed) at 7.18% over 30 years costs about $3,712 a month: $3,046 principal and interest plus $666 of tax, insurance and dues.

Principal and interest: $3,045.75
Tax, insurance, PMI and HOA: $665.91
Total interest over the loan: $646,869

Amortization by year: $449,600 at 7.18%

Year	Interest	Principal	Balance
1	$32,138.00	$4,410.97	$445,189.03
2	$31,810.66	$4,738.31	$440,450.73
3	$31,459.03	$5,089.94	$435,360.79
4	$31,081.30	$5,467.67	$429,893.12
5	$30,675.54	$5,873.42	$424,019.70
6	$30,239.67	$6,309.29	$417,710.41
7	$29,771.45	$6,777.51	$410,932.89
8	$29,268.49	$7,280.47	$403,652.42
9	$28,728.20	$7,820.76	$395,831.66
10	$28,147.82	$8,401.15	$387,430.51
11	$27,524.36	$9,024.60	$378,405.91
12	$26,854.64	$9,694.32	$368,711.59
13	$26,135.22	$10,413.74	$358,297.85
14	$25,362.41	$11,186.55	$347,111.30
15	$24,532.25	$12,016.71	$335,094.59
16	$23,640.49	$12,908.48	$322,186.11
17	$22,682.54	$13,866.42	$308,319.69
18	$21,653.50	$14,895.46	$293,424.23
19	$20,548.10	$16,000.86	$277,423.36
20	$19,360.67	$17,188.29	$260,235.07
21	$18,085.12	$18,463.85	$241,771.22
22	$16,714.90	$19,834.06	$221,937.16
23	$15,243.01	$21,305.96	$200,631.20
24	$13,661.88	$22,887.09	$177,744.12
25	$11,963.41	$24,585.55	$153,158.57
26	$10,138.91	$26,410.06	$126,748.51
27	$8,179.00	$28,369.96	$98,378.55
28	$6,073.65	$30,475.31	$67,903.24
29	$3,812.06	$32,736.91	$35,166.33
30	$1,382.63	$35,166.33	$0.00

Download the schedule (CSV)

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.

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.

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Sources

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