Massachusetts Closing Costs Calculator
Estimate closing costs for buying a home in Massachusetts. Average closing costs run 1.6% of the purchase price (about $10K on the median home).
Massachusetts: Avg closing costs 1.6% of price. Transfer tax: 0.456%.
Lender Fees
$4,709
origination, underwriting
Third-Party
$4,425
appraisal, title, inspection
Government Fees
$2,713
transfer taxes, recording
Prepaids + Escrow
$7,567
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$4,284
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$3,275
Recording Fee$150
Transfer Tax$2,713
Prepaid Taxes (3 mo)$1,785
Prepaid Insurance (12 mo)$2,200
Prepaid Interest (15 days)$1,430
Escrow Reserves$2,152
Total Closing Costs$19,414
Massachusetts Housing at a Glance
Median Home Price
$595K
Massachusetts statewide
Property Tax Rate
1.2%
$595/mo on median
Avg Closing Costs
$10K
1.6% of purchase price
Homeowners Insurance
$2,200/yr
$183/mo
Massachusetts First-Time Buyer Program
MassHousing DPA
Down payment assistance: Up to $50,000 DPA loan