M
MortgageMath
Free mortgage calculators for every state

Mortgage Calculator &
Closing Costs: Cambridge, MA

Mortgage payment estimates, closing cost breakdowns, and homebuying data for Cambridge, Massachusetts.

Median Home Price
$925K
Population
118K
Avg Monthly Rent
$3,350
Property Tax Rate
1.2%
Cambridge vs Massachusetts Median
The median home price in Cambridge is $925,000, which is 55% above the Massachusetts state median of $595,000.

Mortgage Calculator — Cambridge, MA

Pre-filled with Cambridge median home price and Massachusetts tax/insurance rates. Adjust for your property.

$
$185,000
%
%
years
MA avg
%
$
Monthly Payment (PITI)
$5,785
Principal + Interest + Tax + Insurance + PMI
Principal & Interest
$4,677
per month
Taxes & Insurance
$1,108
per month
Total Interest Paid
$944K
over 30 years
Total Loan Cost
$1.7M
all payments
Payment Breakdown
Loan Amount$740,000
Principal & Interest$4,677
Property Taxes$925
Homeowners Insurance$183
Total Monthly PITI$5,785

Closing Costs — Cambridge, MA

Estimated closing costs based on Massachusetts rates and fees applied to Cambridge prices.

$
%
Massachusetts: Avg closing costs 1.6% of price. Transfer tax: 0.456%.
Estimated Closing Costs
$27,718
3.0% of purchase price
Lender Fees
$7,085
origination, underwriting
Third-Party
$6,075
appraisal, title, inspection
Government Fees
$4,218
transfer taxes, recording
Prepaids + Escrow
$10,340
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$6,660
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$4,925
Recording Fee$150
Transfer Tax$4,218
Prepaid Taxes (3 mo)$2,775
Prepaid Insurance (12 mo)$2,200
Prepaid Interest (15 days)$2,224
Escrow Reserves$3,142
Total Closing Costs$27,718

Buying a Home in Cambridge, Massachusetts

The median home price in Cambridge is $925,000, 55% above the Massachusetts state median of $595,000. With a population of 118,403, Cambridge is a mid-size city where home prices reflect strong demand and local economic factors.

Property taxes in Massachusetts average 1.2% annually. This moderate property tax rate means a $925,000 home in Cambridge would carry roughly $925/month in property taxes. Homeowners insurance in Massachusetts runs approximately $2,200 per year. This is within the normal range nationally.

Average rent in Cambridge is $3,350/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.

Cambridge is a higher-cost market. At $925K median, buyers need significant savings or strong income. Down payment assistance through Massachusetts's MassHousing DPA program becomes especially important.

Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Cambridge.
Rent vs Buy Calculator →
Explore all of Massachusetts: Massachusetts Mortgage Calculator & Closing Costs →

Related Guides

The First-Time Buyer Playbook
Free weekly guide: mortgage tips, market updates, and money-saving strategies. No spam.