Massachusetts Mortgage Calculator 2026

Calculate your monthly mortgage payment for a home in Massachusetts (MA). The median home price in Massachusetts is $635,252, with an effective property tax rate of 1.11% (ranked #17 nationally). Use our free calculator to compare FHA, VA, USDA, and conventional loan options with real Massachusetts data.

Massachusetts Property Tax Information

Massachusetts has an effective property tax rate of 1.11%, ranking #17 among all 50 states. The median annual property tax is $5,813 ($484/month). Source: Tax Foundation 2025.

Massachusetts Loan Limits 2026

FHA loan limit in Massachusetts: $524,225 (floor) to $1,209,750 (ceiling for high-cost areas). Conforming loan limit: $806,500 (baseline) to $1,209,750 (ceiling). Massachusetts has designated high-cost areas with higher limits.

Estimated Monthly Payment in Massachusetts

For a median-priced home of $635,252 with 20% down ($127,050), at 6.5% interest over 30 years: estimated monthly principal and interest is $3,212, plus $484 in property taxes and approximately $125 in homeowner's insurance, for a total estimated payment of approximately $3,821/month.

Massachusetts Closing Costs

Average closing costs in Massachusetts are $5,112 (0.81% of purchase price), ranked #14 nationally. Massachusetts charges a transfer tax on real estate transactions. Source: Bankrate/LodeStar 2025.

Massachusetts Housing Market 2026

Home prices in Massachusetts have increased 5.5% year-over-year. Average days on market: 18. Inventory level: low. Currently considered a seller's market.

Down Payment Assistance Programs in Massachusetts

Massachusetts offers 3 down payment assistance programs through Massachusetts Housing Finance Agency (MassHousing):

  • MassHousing Down Payment Assistance (second mortgage): 0% interest, deferred loan. Higher amounts in high-cost areas. - Up to Up to $50,000
  • ONE Mortgage Program (second mortgage): Combined first and second mortgage with competitive rates. - Up to Up to $30,000
  • Operation Welcome Home (forgivable loan): For veterans and active military. Forgivable over time. - Up to Up to $50,000 for veterans

Contact MassHousing: https://www.masshousing.com | Phone: 617-854-1000

Did You Know About Massachusetts?

  • Massachusetts offers some of the highest DPA amounts in the nation
  • Most counties have high-cost loan limits
  • Very competitive market with short days on market
  • Strong job market in tech and healthcare sectors

Frequently Asked Questions About Buying a Home in Massachusetts

What is the average property tax rate in Massachusetts?

The effective property tax rate in Massachusetts is 1.11%, with a median annual tax of $5,813. This ranks #17 among all states.

What are the FHA loan limits in Massachusetts for 2026?

The FHA loan floor in Massachusetts is $524,225 and the ceiling is $1,209,750 for high-cost areas. The conforming loan limit baseline is $806,500.

How much are closing costs in Massachusetts?

Average closing costs in Massachusetts are $5,112, which is approximately 0.81% of the purchase price.

Are there first-time homebuyer programs in Massachusetts?

Yes, Massachusetts offers 3 down payment assistance programs through Massachusetts Housing Finance Agency, including grants, forgivable loans, and second mortgages.

Is Massachusetts a good place to buy a home in 2026?

With a median home price of $635,252 and low inventory, Massachusetts is currently a seller's market. Home prices have increased 5.5% over the past year.

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Data last updated: 2025-11. This information is for educational purposes only and should not be considered financial advice.