Mortgage on a $750K house in Rhode Island
$5,051 a month with 20% down — $4,036 principal and interest plus $640 property tax and $375 insurance.
Rhode Island's typical property tax is 1.02% of the home's value a year (U.S. average 0.9%), which adds $640 a month on a $750K home. The typical home in Rhode Island is worth $508,507, so $750K is 47% above the typical price.
$750K home in Rhode Island: 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 | $1,015 | $5,051 | $216,500 |
| 10% down | $75,000 | $675,000 | $4,541 | $281 | $1,015 | $5,837 | $250,200 |
| 5% down | $37,500 | $712,500 | $4,793 | $297 | $1,015 | $6,105 | $261,600 |
| 3.5% down (FHA) | $26,250 | $736,416 | $4,954 | $332 | $1,015 | $6,301 | $270,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.02% 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 Rhode Island 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 |
|---|---|---|---|
| Newport County | $787,185 | 0.89% | $4,966 |
| Washington County | $683,840 | 1% | $5,036 |
| Bristol County | $650,424 | 1.29% | $5,220 |
4 of 5 Rhode Island counties tracked by Zillow have a typical home value at or below $750K. See all Rhode Island home prices.
Other prices in Rhode Island
Frequently asked questions
What is the mortgage on a $750K house in Rhode Island?
About $5,051 a month with 20% down at 7.11%: $4,036 principal and interest, $640 property tax and $375 insurance.
How much do I need to make to buy a $750K house in Rhode Island?
About $216,500 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $750K house in Rhode Island?
At Rhode Island's typical effective rate of 1.02%, about $7,679 a year. Rates vary by county and city — see the county pages.