Massachusetts mortgage calculator

Massachusetts
Mortgage
Calculator

Massachusetts has one of the highest median home prices in the Northeast, driven by the Boston metro's strong tech and education economy. Property taxes average 1.23%, adding substantially to monthly costs on high-value homes.

BostonWorcesterSpringfieldCambridgeNewton
1.23% avg property tax
Real local rates
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$
$
Interest rate6.48%
Monthly payment
$3,633
P&I · Taxes · Insurance
Total interest
$569,279
Principal & Interest$2,826/mo
Property Tax$574/mo
Homeowners Insurance$233/mo

Recommended for incomes above $160k/yr (28% DTI rule)

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1.23%
Massachusetts avg property tax rate
$560,000
Massachusetts median home price
$3,633
est. monthly payment at defaults

Massachusetts property taxes

Massachusetts allows cities to tax at up to 2.5% of assessed value (Prop 2½), but the statewide effective average is 1.23%.

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