CALCMONEY // MORTGAGE // MA // CAMBRIDGE
Calculate your monthly mortgage payment using Cambridge-specific property tax rates and local market data.
$950,000
6.9%
0.95%
185
| Principal & Interest | $5,005 |
| Property Tax | $752 |
| Homeowners Insurance (est.) | $317 |
| Total Monthly Payment (PITI) | $6,074 |
$190,000
$1,041,930
$260,319/yr
Home prices in Cambridge run 126% above the national median: $950,000 versus $420,000. Relative to the $108,000 median household income here, the price-to-income ratio comes out to 8.8x.
Property taxes in Cambridge run 0.95% of assessed value, below the 1.1% national average. On the median home, that's $9,025 a year, or $752 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 $6,074/month payment here before locking in a target price.
Day-to-day expenses in Cambridge track at 185 against the national 100 baseline, above average once you look past the mortgage payment itself.
Cambridge's median home price runs 27% higher than nearby Boston: $750,000 there versus $950,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $760,000 loan saves $34,200 in interest over 30 years.
Compare Top Cambridge Mortgage LendersBoston
$750,000 median
MAWorcester
$360,000 median
MASpringfield
$235,000 median
MALowell
$390,000 median
Neighborhood-level data for 2 ZIP codes in Cambridge. Rates, home prices, and estimated payments vary by area.