Massachusetts Mortgage Calculator
Calculate your monthly mortgage payments in Massachusetts with our free calculator. Includes local property tax rates and insurance estimates.
MA Mortgage Calculator
Calculate monthly payments for Massachusetts properties
$60000.00
$3480.00 per year
$1050.00 per year
Payment Summary
Principal & Interest$1516.96
Property Tax$290.00
Home Insurance$87.50
Total Monthly Payment$1894.46
Loan Amount$240000.00
Total Interest$306106.77
Total Loan Payment$546106.77
Payoff Date1/21/2055
Massachusetts Quick Facts
- Average Property Tax Rate:
- 1.16%
- Average Home Insurance Rate:
- 0.35%
First-Time Home Buyer Programs in MA
Massachusetts offers several programs for first-time home buyers:
- MassHousing Down Payment Assistance
- ONE Mortgage Program
- Operation Welcome Home
- Mortgage Credit Certificate (MCC)
Massachusetts Property Tax Rates by County
| County | Tax Rate | Median Home Value |
|---|---|---|
| Middlesex County | 1.08% | $651,000 |
| Suffolk County | 0.98% | $621,000 |
| Essex County | 1.15% | $535,000 |
| Norfolk County | 1.19% | $589,000 |
| Worcester County | 1.32% | $375,000 |
| Plymouth County | 1.25% | $465,000 |
| Bristol County | 1.11% | $432,000 |
| Barnstable County | 0.71% | $631,000 |
| Hampshire County | 1.28% | $342,000 |
| Berkshire County | 1.16% | $307,800 |
Massachusetts Mortgage Guide
Massachusetts has some of the highest property values and tax rates in the nation. Key points to consider:
- Property tax rates vary significantly by county
- The state offers various homeowner assistance programs
- Home insurance rates are higher due to weather risks
Related Resources
State Housing Resources
- Official Massachusetts Housing Authority
- State Property Tax Information
- First-Time Homebuyer Programs
Additional Calculators
- Property Tax Calculator
- Home Insurance Calculator
- Refinance Calculator
Data sources: State property tax records, county assessor offices, and local real estate data.
Last updated: 1/21/2025