CALCMONEY // MORTGAGE // MA // BABSON PARK
Calculate your monthly mortgage payment using Babson Park-specific property tax rates and local market data.
$1,650,000
6.95%
1.1%
197
| Principal & Interest | $8,738 |
| Property Tax | $1,513 |
| Homeowners Insurance (est.) | $550 |
| Total Monthly Payment (PITI) | $10,800 |
$330,000
$1,825,576
$462,866/yr
Babson Park's median home price sits at $1,650,000, 293% above the $420,000 national median. On a $288,000 median household income, that puts the price-to-income ratio at 5.7x, or 5.7 years of gross pay for the purchase price alone.
Property taxes in Babson Park run 1.1% of assessed value, in line with the 1.1% national average. On the median home, that's $18,150 a year, or $1,513 added to the monthly payment.
Unlike the nine no-income-tax states, Massachusetts taxes wage income. Worth running your actual take-home pay against the $10,800/month payment here before locking in a target price.
Day-to-day expenses in Babson Park track at 197 against the national 100 baseline, above average once you look past the mortgage payment itself.
Babson Park's median home price runs 120% higher than nearby Boston: $750,000 there versus $1,650,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $1,320,000 loan saves $59,400 in interest over 30 years.
Compare Top Babson Park Mortgage LendersBoston
$750,000 median
MAWorcester
$360,000 median
MASpringfield
$235,000 median
MALowell
$390,000 median
Neighborhood-level data for 1 ZIP codes in Babson Park. Rates, home prices, and estimated payments vary by area.