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Rhode Island Mortgage Calculator

Estimate your monthly mortgage payment in Rhode Island based on the state median home price of $425K, a 1.53% property tax rate, and $2K/year homeowners insurance.

$
$85,000
%
%
years
RI avg
%
$
Monthly Payment (PITI)
$2,874
Principal + Interest + Tax + Insurance + PMI
Principal & Interest
$2,149
per month
Taxes & Insurance
$725
per month
Total Interest Paid
$434K
over 30 years
Total Loan Cost
$774K
all payments
Payment Breakdown
Loan Amount$340,000
Principal & Interest$2,149
Property Taxes$542
Homeowners Insurance$183
Total Monthly PITI$2,874

Rhode Island Housing at a Glance

Median Home Price
$425K
Rhode Island statewide
Property Tax Rate
1.53%
$542/mo on median
Avg Closing Costs
$7K
1.7% of purchase price
Homeowners Insurance
$2,200/yr
$183/mo
Rhode Island First-Time Buyer Program
RIHousing First Homes
Down payment assistance: 10K DPA forgivable
← All Rhode Island mortgage info

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