Rate & payment calculators
Figure out how much home you can afford
What would my monthly payment be?
Use the calculator below to determine how much your monthly payment would be for a specific home price. The other information on this page can help you fill in any blanks or unknowns. This is helpful for estimating and budgeting purposes, but your actual amount will likely be different.
how much interest will i pay?
Your interest rate will depend on many factors, and the chart below can help you estimate your potential interest rate. Your actual rate will be determined by your lender, so only use this as a guide.
* For most buyers with good credit, you'll see a difference of about 0.1%-0.3% in your rate from the current displayed rate. If your credit score is below 700, add a percentage point to the current rate for a more accurate estimate. If it's below 620, add two percentage points.
How much will my home insurance be?
How much you pay in home insurance will depend on the value of your home, where it's located, and several other factors. On average, homeowners in Massachusetts pay between $1,500 and $2,200 in home insurance per year.
How much will my property taxes cost?
Each city and town in Massachusetts sets its own property tax rate. It's generally not possible to nail down a consistent rate because these rates are set annually.
Below is a table of median property tax rates by county.
| County | Median Home Value | Median Annual Property Tax Payment | Effective Property Tax Rate |
|---|---|---|---|
| Barnstable County | $692,900 | $4,338 | 0.63% |
| Berkshire County | $325,700 | $4,040 | 1.24% |
| Bristol County | $504,900 | $5,092 | 1.01% |
| Essex County | $654,500 | $6,494 | 0.99% |
| Franklin County | $355,400 | $4,881 | 1.37% |
| Hampden County | $331,300 | $4,606 | 1.39% |
| Hampshire County | $413,400 | $5,702 | 1.38% |
| Middlesex County | $759,800 | $7,586 | 1.00% |
| Norfolk County | $722,600 | $7,296 | 1.01% |
| Plymouth County | $602,600 | $6,513 | 1.08% |
| Suffolk County | $708,600 | $4,671 | 0.66% |
| Worcester County | $465,500 | $5,669 | 1.22% |