Renting or owning
What would owning cost you?
Put in your rent and a price, and see the monthly cost of owning at today's mortgage rates next to it: the loan, property tax, insurance and, with less than 20% down, mortgage insurance. Below it, the cash it takes to buy and the programs that help first-time buyers in Massachusetts.
Enter your rent to see what owning would cost.
Help for first-time buyers
- ONE MortgageMassachusetts Housing Partnership
A 30-year fixed loan with as little as 3% down and no private mortgage insurance, for first-time buyers under the program's income limits.
- MassHousing loans and down payment helpMassHousing
Fixed-rate loans for first-time buyers with low down payments, and down payment assistance that can be paired with them.
- Your city's homebuyer programsBoston, Cambridge, Somerville and other cities
Many cities offer down payment or closing cost help and homebuyer classes for residents buying their first home; your agent can tell you which apply to you.
These are estimates: the rate is a national weekly average, not a lender's quote; property tax is about 1.1% of the price a year and your town's may differ. A lender and your agent can make them exact.
Thinking about it?
An Ivy agent can walk you through what you'd qualify for, which programs fit, and what homes like the one you're picturing sell for near you.
Talk with an Ivy agent