Tools
Massachusetts Mortgage & Affordability Calculators
Estimate a monthly payment, work out what you can afford, and see the closing costs to budget for before you start touring homes in Greater Boston.
- Brokerage
- Keller Williams Realty
- Licensed
- MA Broker
- Towns covered
- 17
- Languages
- English · Tiếng Việt
Monthly payment
Principal and interest, plus estimates for property tax and insurance. Use the real tax bill for a specific address from the town assessor rather than a percentage — rates vary widely between neighbouring towns and the bill never goes away.
What you can afford
What a lender will approve and what you should spend are different numbers, and the gap is where people get into trouble. A written pre-approval is the figure that counts in an offer.
Cash to close
The down payment is the number people plan for. Attorney fees, title examination and insurance, recording, prepaid interest and the escrow account are the ones that surprise them — along with needing reserves left over after closing.
These are estimates for planning, not quotes. Rates, tax rates and insurance costs change, and the figure that binds anyone is the Loan Estimate from a lender.
REAL ESTATE CALCULATORS
Want these numbers for a real address?
A calculator uses the figures you give it. The tax rate, the insurance quote and the condo fee on an actual listing are what change the answer.