Mortgage on a $200K house in Massachusetts
$1,345 a month with 20% down — $1,076 principal and interest plus $169 property tax and $100 insurance.
Massachusetts's typical property tax is 1.01% of the home's value a year (U.S. average 0.9%), which adds $169 a month on a $200K home. The typical home in Massachusetts is worth $655,219, so $200K is 69% below the typical price.
$200K home in Massachusetts: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $40,000 | $160,000 | $1,076 | $0 | $269 | $1,345 | $57,600 |
| 10% down | $20,000 | $180,000 | $1,211 | $75 | $269 | $1,555 | $66,600 |
| 5% down | $10,000 | $190,000 | $1,278 | $79 | $269 | $1,626 | $69,700 |
| 3.5% down (FHA) | $7,000 | $196,378 | $1,321 | $88 | $269 | $1,678 | $71,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.01% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Where in Massachusetts does $200K buy a typical home?
No Massachusetts county has a typical home value within 15% of $200K.
0 of 14 Massachusetts counties tracked by Zillow have a typical home value at or below $200K. See all Massachusetts home prices.
Other prices in Massachusetts
Frequently asked questions
What is the mortgage on a $200K house in Massachusetts?
About $1,345 a month with 20% down at 7.11%: $1,076 principal and interest, $169 property tax and $100 insurance.
How much do I need to make to buy a $200K house in Massachusetts?
About $57,600 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $200K house in Massachusetts?
At Massachusetts's typical effective rate of 1.01%, about $2,024 a year. Rates vary by county and city — see the county pages.