FHA Loan Calculator — Massachusetts
On the typical Massachusetts home ($662,000), 3.5% down leaves a $638,830 base loan. The 1.75% upfront premium ($11,180) is financed, for a $650,010 loan, and annual MIP of 0.55% adds $297 a month for the life of the loan. Massachusetts FHA limits run $541,287–$1,249,125 by county.
Massachusetts has the 16th-highest effective property tax rate of the 50 states at 1.00% — $596 more a year than the 0.91% state average on a $662,000 home. Homeowners insurance averages $1,483 a year, the 8th-lowest premium nationally and $1,237 less than the typical state.
Loan Parameters
Total Monthly Payment
$5,309
Principal & Interest + Taxes + Insurance
APR 7.761%
Total Interest
$911,542
Total Cost
$1,875,957
Advanced Parameters
FHA Mortgage Insurance Premium (MIP)
Annual MIP of 0.55% is billed monthly on the average balance of each loan year. With less than 10% down it lasts for the life of the loan; with 10% or more down it ends after 11 years. A 1.75% upfront premium is also added to the loan.
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
Full term
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | MIP | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $52,052 | $6,565 | $45,487 | $3,559 | $643,445 | $18,555 |
| Year 2 | $52,052 | $7,041 | $45,010 | $3,521 | $636,403 | $25,597 |
| Year 3 | $52,052 | $7,553 | $44,499 | $3,481 | $628,851 | $33,149 |
| Year 4 | $52,052 | $8,101 | $43,950 | $3,438 | $620,750 | $41,250 |
| Year 5 | $52,052 | $8,689 | $43,362 | $3,393 | $612,060 | $49,940 |
| Year 6 | $52,052 | $9,320 | $42,731 | $3,343 | $602,740 | $59,260 |
| Year 7 | $52,052 | $9,997 | $42,055 | $3,290 | $592,743 | $69,257 |
| Year 8 | $52,052 | $10,723 | $41,329 | $3,233 | $582,020 | $79,980 |
| Year 9 | $52,052 | $11,501 | $40,550 | $3,172 | $570,519 | $91,481 |
| Year 10 | $52,052 | $12,337 | $39,715 | $3,107 | $558,182 | $103,818 |
| Year 11 | $52,052 | $13,232 | $38,819 | $3,037 | $544,950 | $117,050 |
| Year 12 | $52,052 | $14,193 | $37,858 | $2,962 | $530,757 | $131,243 |
| Year 13 | $52,052 | $15,224 | $36,828 | $2,881 | $515,533 | $146,467 |
| Year 14 | $52,052 | $16,329 | $35,723 | $2,795 | $499,204 | $162,796 |
| Year 15 | $52,052 | $17,515 | $34,537 | $2,702 | $481,690 | $180,310 |
| Year 16 | $52,052 | $18,786 | $33,265 | $2,603 | $462,903 | $199,097 |
| Year 17 | $52,052 | $20,151 | $31,901 | $2,496 | $442,753 | $219,247 |
| Year 18 | $52,052 | $21,614 | $30,438 | $2,381 | $421,139 | $240,861 |
| Year 19 | $52,052 | $23,183 | $28,869 | $2,259 | $397,956 | $264,044 |
| Year 20 | $52,052 | $24,866 | $27,185 | $2,127 | $373,090 | $288,910 |
| Year 21 | $52,052 | $26,672 | $25,380 | $1,986 | $346,418 | $315,582 |
| Year 22 | $52,052 | $28,609 | $23,443 | $1,834 | $317,809 | $344,191 |
| Year 23 | $52,052 | $30,686 | $21,366 | $1,672 | $287,123 | $374,877 |
| Year 24 | $52,052 | $32,914 | $19,138 | $1,497 | $254,210 | $407,790 |
| Year 25 | $52,052 | $35,304 | $16,748 | $1,310 | $218,906 | $443,094 |
| Year 26 | $52,052 | $37,867 | $14,184 | $1,110 | $181,039 | $480,961 |
| Year 27 | $52,052 | $40,617 | $11,435 | $895 | $140,422 | $521,578 |
| Year 28 | $52,052 | $43,566 | $8,486 | $664 | $96,856 | $565,144 |
| Year 29 | $52,052 | $46,729 | $5,322 | $416 | $50,127 | $611,873 |
| Year 30 | $52,056 | $50,127 | $1,929 | $151 | $0 | $662,000 |
FHA Loan numbers for Massachusetts
- Typical Massachusetts home value
- $662,000
- 3.5% down ($23,170) · Zillow, August 31, 2026
- Loan amount
- $650,010
- Includes $11,180 financed UFMIP
- Estimated monthly payment
- $5,309
- APR 7.761%
- Massachusetts property tax
- 1.00%
- $552/mo
- Homeowners insurance
- $1,483/yr
- $124/mo
- Upfront MIP (1.75%)
- $11,180
- Financed into the loan
- Annual MIP
- 0.55%
- $297/mo in year 1 · life of loan
- Massachusetts FHA loan limit
- $541,287 – $1,249,125
- One-unit, by county
How much house can you afford in Massachusetts with an fha loan?
Highest price where principal, interest, Massachusetts property tax, insurance and FHA mortgage insurance (1.75% upfront premium financed, 0.55% annual MIP) stay within 28% of gross income —3.5% down, 30-year fixed at 7.03%. Other debts lower these numbers.
| Household income | Housing budget / mo | Max home price | Down payment | vs typical home |
|---|---|---|---|---|
| $40,000 | $933 | $103,000 | $3,605 | 16% |
| $50,000 | $1,167 | $133,000 | $4,655 | 20% |
| $60,000 | $1,400 | $162,000 | $5,670 | 24% |
| $75,000 | $1,750 | $207,000 | $7,245 | 31% |
| $100,000 | $2,333 | $282,000 | $9,870 | 43% |
| $125,000 | $2,917 | $356,000 | $12,460 | 54% |
| $150,000 | $3,500 | $430,000 | $15,050 | 65% |
FHA vs other loan types in Massachusetts
$662,000 home, each program's typical minimum or default down payment, current average 30-year rate.
| Loan type | Down | Loan amount | Upfront fee | Monthly MI | Total / month | APR |
|---|---|---|---|---|---|---|
| Conventional | 10% · $66,200 | $595,800 | — | $357 PMI | $5,009 | 7.488% |
| FHA | 3.5% · $23,170 | $650,010 | UFMIP $11,180 | $297 MIP | $5,309 | 7.761% |
| VA | 0% · $0 | $676,233 | Funding fee $14,233 | $0 | $5,188 | 7.242% |
| JumboLoan is conforming (≤ $832,750) | 20% · $132,400 | $529,600 | — | $0 | $4,209 | 7.030% |
Massachusetts high-cost counties (2026)
7 counties have a one-unit conforming limit above the $832,750 baseline. Loans up to these amounts are conforming, not jumbo.
- Dukes County$1,249,125
- Nantucket County$1,249,125
- Essex County$962,550
- Middlesex County$962,550
- Norfolk County$962,550
- Plymouth County$962,550
- Suffolk County$962,550
Frequently asked questions
What is the monthly payment on a $662,000 home with an fha loan in Massachusetts?
Estimated $5,309 per month ($4,338 principal & interest, $552 property tax, $124 insurance, $297 FHA mortgage insurance) at 7.03% for 30 years, with 3.5% down. APR 7.761%.
What is the FHA loan limit in Massachusetts for 2026?
Between $541,287 and $1,249,125 depending on the county for a one-unit home. $541,287 is the national FHA floor; counties with higher home prices get higher limits. Check your exact county on HUD's FHA mortgage limits lookup.
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Data sources & assumptions
- Freddie Mac Primary Mortgage Market Survey (PMMS) — Weekly average as of September 24, 2026
- Zillow Home Value Index (ZHVI), typical home value, all homes — Default home prices; typical value as of August 31, 2026
- FHFA 2026 Conforming Loan Limit Values (one-unit) — 2026 one-unit limits, 56 states & territories
- HUD FHA Mortgage Limits lookup — FHA floor $541,287; high-cost counties follow the conforming limit — confirm on HUD
- Effective statewide property tax rate (Tax Foundation, 2026 projections) — Statewide effective rate; county rates vary
- Average annual homeowners premium, $300K dwelling / $1K deductible (industry survey averages) — Statewide average premium
- HUD Mortgagee Letter 2023-05 (annual MIP schedule)
- HUD — FHA single family housing policy handbook 4000.1
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.