CALCMONEY // MORTGAGE // MA
Calculate your monthly mortgage payment using Massachusetts-specific property tax rates, current average interest rates, and local median home prices.
Open Full Calculator$610,000
6.95%
1.23%
5% + 4% surtax on $1M+
How today's 6.95% rate compares to recent years
| Period | 30-Yr Rate | vs. Today |
|---|---|---|
| 2026 (current) | 6.95% | — |
| 2024 avg | 7.37% | -0.42% |
| 2023 avg | 7.80% | -0.85% |
| 2022 peak | 7.63% | -0.68% |
| 2021 avg | 3.55% | +3.40% |
| 2020 avg | 3.35% | +3.60% |
Rate estimates based on Freddie Mac Primary Mortgage Market Survey national averages adjusted for Massachusetts market conditions. Actual rates vary by lender and borrower profile.
| Principal & Interest | $3,230 |
| Property Tax | $625 |
| Homeowners Insurance (est.) | $203 |
| Total Monthly Payment (PITI) | $4,059 |
$122,000
$674,910
$173,952/yr
Massachusetts homebuyers face a $610,000 median price, 45% above the national figure. Against the state's $89,640 median household income, that's a 6.8x price-to-income ratio.
Massachusetts's 1.23% average property tax rate runs above the 1.1% national average, working out to $625/month on the median home here.
Unlike the nine no-income-tax states, Massachusetts taxes wage income at 5% + 4% surtax on $1M+. Worth running your actual take-home pay against the $4,059/month payment here before locking in a target price.
Massachusetts's cost of living index is 135, above the 100 national baseline. That's on top of the housing numbers above, not instead of them.
Massachusetts's median home price runs 3% higher than Washington: $590,000 there versus $610,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $488,000 loan saves $21,960 in interest over 30 years.
Compare Top Massachusetts Mortgage LendersWashington
$590,000 median
DCDistrict of Columbia
$645,000 median
COColorado
$540,000 median
NJNew Jersey
$505,000 median