Mortgage on a $800K house in Massachusetts
$5,380 a month with 20% down — $4,305 principal and interest plus $675 property tax and $400 insurance.
Massachusetts's typical property tax is 1.01% of the home's value a year (U.S. average 0.9%), which adds $675 a month on a $800K home. The typical home in Massachusetts is worth $655,219, so $800K is 22% above the typical price.
$800K home in Massachusetts: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $160,000 | $640,000 | $4,305 | $0 | $1,075 | $5,380 | $230,600 |
| 10% down | $80,000 | $720,000 | $4,843 | $300 | $1,075 | $6,218 | $266,500 |
| 5% down | $40,000 | $760,000 | $5,113 | $317 | $1,075 | $6,504 | $278,700 |
| 3.5% down (FHA) | $28,000 | $785,510 | $5,284 | $354 | $1,075 | $6,713 | $287,700 |
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 $800K buy a typical home?
In these counties the typical home value is within 15% of $800K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Middlesex County | $804,837 | 1.03% | $5,392 |
| Norfolk County | $764,424 | 1.06% | $5,413 |
| Barnstable County | $757,449 | 0.67% | $5,155 |
| Suffolk County | $738,589 | 0.66% | $5,144 |
| Essex County | $715,954 | 1.04% | $5,398 |
11 of 14 Massachusetts counties tracked by Zillow have a typical home value at or below $800K. See all Massachusetts home prices.
Other prices in Massachusetts
Frequently asked questions
What is the mortgage on a $800K house in Massachusetts?
About $5,380 a month with 20% down at 7.11%: $4,305 principal and interest, $675 property tax and $400 insurance.
How much do I need to make to buy a $800K house in Massachusetts?
About $230,600 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $800K house in Massachusetts?
At Massachusetts's typical effective rate of 1.01%, about $8,097 a year. Rates vary by county and city — see the county pages.