Mortgage Calculator for Rhode Island
Pre-filled with Rhode Island's average home price of $400000, property tax rate of 1.4%, and average insurance of $1600/year. Adjust any value below.
1 Loan Details
2 Monthly Costs (Rhode Island averages pre-filled)
Include PMI
Required when down payment < 20%
Estimated Monthly Payment
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Enter your loan details to see your payment
Total Interest Paid
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Over loan lifetime
Total Cost
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Principal + interest
Loan Amount
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Amount financed
Down Payment
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Of home price
Monthly Payment Breakdown
Balance Over Time
Rate Comparison
How your payment changes with different interest rates
| Rate Scenario | Monthly P&I | Total Interest |
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| Enter loan details above to see rate scenarios | ||
Amortization Schedule
Full month-by-month payment breakdown
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Rhode Island Housing Market
Rhode Island is the smallest state by area with a tight housing supply. Providence has seen significant revitalization driven by Brown University, RISD, and healthcare anchors. Proximity to Boston adds to demand from commuters.
Affordability in Rhode Island
High property taxes — averaging 1.4% — add substantially to monthly costs. A $400,000 home carries approximately $470/month in property taxes. Warwick and Cranston offer slightly more affordable options than Providence proper.
Key Markets
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