CALCMONEY // MORTGAGE // RI // WARWICK
Calculate your monthly mortgage payment using Warwick-specific property tax rates and local market data.
$370,000
6.95%
1.45%
116
| Principal & Interest | $1,959 |
| Property Tax | $447 |
| Homeowners Insurance (est.) | $123 |
| Total Monthly Payment (PITI) | $2,530 |
$74,000
$409,372
$108,419/yr
Home prices in Warwick run 12% below the national median: $370,000 versus $420,000. Relative to the $72,000 median household income here, the price-to-income ratio comes out to 5.1x.
Warwick's 1.45% property tax rate runs above the 1.1% national average. That's $447/month on the median home here, not a rounding error against the mortgage payment.
Unlike the nine no-income-tax states, Rhode Island taxes wage income. Worth running your actual take-home pay against the $2,530/month payment here before locking in a target price.
Day-to-day expenses in Warwick track at 116 against the national 100 baseline, above average once you look past the mortgage payment itself.
Warwick's median home price runs 1% higher than nearby Providence: $365,000 there versus $370,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $296,000 loan saves $13,320 in interest over 30 years.
Compare Top Warwick Mortgage LendersProvidence
$365,000 median
RICranston
$390,000 median
RIPawtucket
$320,000 median
RIEast Providence
$340,000 median