Mortgage on a $750K house in Massachusetts
$5,044 a month with 20% down — $4,036 principal and interest plus $633 property tax and $375 insurance.
Massachusetts's typical property tax is 1.01% of the home's value a year (U.S. average 0.9%), which adds $633 a month on a $750K home. The typical home in Massachusetts is worth $655,219, so $750K is 14% above the typical price.
$750K home in Massachusetts: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $150,000 | $600,000 | $4,036 | $0 | $1,008 | $5,044 | $216,200 |
| 10% down | $75,000 | $675,000 | $4,541 | $281 | $1,008 | $5,830 | $249,800 |
| 5% down | $37,500 | $712,500 | $4,793 | $297 | $1,008 | $6,097 | $261,300 |
| 3.5% down (FHA) | $26,250 | $736,416 | $4,954 | $332 | $1,008 | $6,293 | $269,700 |
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 $750K buy a typical home?
In these counties the typical home value is within 15% of $750K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Barnstable County | $757,449 | 0.67% | $4,832 |
| Suffolk County | $738,589 | 0.66% | $4,823 |
| Norfolk County | $764,424 | 1.06% | $5,075 |
| Essex County | $715,954 | 1.04% | $5,060 |
| Middlesex County | $804,837 | 1.03% | $5,055 |
| Plymouth County | $646,858 | 1.17% | $5,142 |
9 of 14 Massachusetts counties tracked by Zillow have a typical home value at or below $750K. See all Massachusetts home prices.
Other prices in Massachusetts
Frequently asked questions
What is the mortgage on a $750K house in Massachusetts?
About $5,044 a month with 20% down at 7.11%: $4,036 principal and interest, $633 property tax and $375 insurance.
How much do I need to make to buy a $750K house in Massachusetts?
About $216,200 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $750K house in Massachusetts?
At Massachusetts's typical effective rate of 1.01%, about $7,591 a year. Rates vary by county and city — see the county pages.