Calculate Your Massachusetts Mortgage Payment
Our calculator is pre-filled with Massachusetts's median home price and property tax rate. Adjust the numbers to match your situation.
Open Calculator with MA DefaultsMonthly Payment Breakdown for Massachusetts
Here's what your monthly payment looks like on the median Massachusetts home ($661,755) with 20% down at 6.5%:
Note: This estimate assumes 20% down payment ($132,351), no PMI. With less than 20% down, add $221-$441/month for PMI.
Massachusetts Property Taxes
Massachusetts's effective property tax rate is 0.97%, which is above the national average of 0.89%.
Annual Property Tax on $661,755 Home
$6,419
($535/month escrowed)
Buying a Home in Massachusetts: Key Facts
- Property tax rate of 0.97% is above national average
- High median home price of $620,000 in metro Boston
- MassHousing DPA up to $50,000 is one of the largest in the nation
- ONE Mortgage eliminates PMI requirement for qualifying buyers
Mortgage Calculators for Nearby States
Comparing homes across state lines? Check property taxes and home prices in neighboring states:
Massachusetts First-Time Homebuyer Programs
Massachusetts has 48 homebuyer assistance programs that can help with down payment and closing costs.
MassHousing Down Payment Assistance
Up to $50,000 or 10% of purchase price
Deferred LoanONE Mortgage Program
3% down, no PMI, below-market rates
Low-Interest MortgageOperation Welcome Home
Special rates and up to $25,000 for veterans
Low-Interest MortgageEligibility requirements typically include income limits, credit score minimums (usually 620+), and homebuyer education courses. Visit DownPaymentResource.com to search for programs you may qualify for.
Major Cities in Massachusetts
Home prices and property taxes can vary significantly by city. The median home value of $661,755 is a statewide estimate.
Massachusetts Mortgage FAQ
What is the property tax rate in Massachusetts?
The average effective property tax rate in Massachusetts is 0.97%. On a $661,755 home, that's approximately $6,419 per year or $535 per month added to your mortgage payment.
What is the median home value in Massachusetts?
The median home value in Massachusetts is $661,755 as of 2026-04-01. Prices vary by location - Boston and Worcester typically have higher prices than rural areas.
Are there first-time homebuyer programs in Massachusetts?
Yes, Massachusetts has 48 homebuyer assistance programs. Popular options include MassHousing Down Payment Assistance, which offers up to $50,000 or 10% of purchase price.
How much do I need to buy a house in Massachusetts?
For the median Massachusetts home ($661,755), you'd need $132,351 for a 20% down payment, plus $19,853-$33,088 for closing costs. With down payment assistance, you could potentially buy with as little as $23,161 (3.5% FHA down payment).
Ready to Calculate?
Use our free mortgage calculator with Massachusetts property taxes pre-filled.
Calculate Your MA Mortgage Payment