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  1. United States
  2. Best Mortgage Brokers
  3. Mortgage Brokers in Massachusetts
  4. Boston
  5. Mortgage Affordability Calculator
1 · Your income
2 · Down payment
3 · What you can afford
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Mortgage Affordability Calculator Boston, MA

How much house can you afford in Boston? See your maximum price, monthly payment and pre-approval estimate. Free, instant, no credit check.

Updated · current rates and lending limits

Add your partner's income if you're buying together.

Car loans, credit cards, lines of credit, student loans. Not rent.

Property tax are for this state.

An estimate, not a mortgage approval or pre-approval. A mortgage broker confirms your real number.

Top-rated mortgage brokers in Boston

Ranked by TrustAnalytica from verified reviews · see the full Top 10 list →

1

Sammy Iliopoulos - Senior Loan Officer

Specializing in a wide range of loan options including conventional, jumbo, FHA, VA, and renovation loans, this team focuses on clear communication and upfront visibility of closing costs. Customers appreciate their patience, responsiveness, and detailed guidance throughout the mortgage process, though some note the market’s volatility can affect timelines.

Services & Prices
Home Purchase Loans Quoted per loan
Refinancing Quoted per loan
Pre-Approval Quoted per loan
View Profile
(617) 532-3965
Open 8:00 AM - 8:00 PM
77 Sleeper St Office 02-133, Boston, MA 02210, USA
General Services
Mortgage Services
2

Savvas Fetfatsidis at Guaranteed Rate (NMLS #35213)

Known for prioritizing the customer experience in mortgage lending, Guaranteed Rate (NMLS #35213) focuses on clear communication and efficient online processing. The team offers mortgage pre-approvals, competitive rates, and guidance through every step, with clients appreciating their responsiveness and straightforward approach.

Services & Prices
Mortgage Pre-Approval Quoted per loan
First-Time Home Buyer Assistance Quoted per loan
Mortgage Rate Lock Quoted per loan
Rate and Term Refinance Quoted per loan
View Profile
(617) 532-2005
Open 9:00 AM - 5:00 PM
77 Sleeper Street Office 02-133 & 02-119, Boston, MA 02210, USA
General Services
Mortgage Services
3

Brian Cavanaugh - Mortgage Network, Inc. NMLS#441864

Brian Cavanaugh - Mortgage Network, Inc. NMLS#441864 specializes in personalized mortgage financing and refinancing solutions, serving families and first-time buyers in the Boston South Shore area. The team is known for clear communication, accessibility, and guiding clients through each step of the home buying or refinancing process. Customers appreciate their responsiveness and ongoing support… more...

Brian Cavanaugh - Mortgage Network, Inc. NMLS#441864 specializes in personalized mortgage financing and refinancing solutions, serving families and first-time buyers in the Boston South Shore area. The team is known for clear communication, accessibility, and guiding clients through each step of the home buying or refinancing process. Customers appreciate their responsiveness and ongoing support beyond closing.

Services & Prices
Home Purchase Loans Quoted per loan
Refinancing Quoted per loan
First-Time Homebuyer Assistance Quoted per loan
View Profile
(617) 771-5021
Open 8:00 AM - 8:00 PM
184 High St 7th floor, Boston, MA 02110, USA
General Services
Mortgage Services
4

Own Up

Own Up uses technology to create a personalized mortgage shopping experience, allowing customers to compare offers from multiple lenders online. Their Home Advisors provide independent, clear guidance throughout the process, which many clients find helpful—especially first-time buyers—though some note limited lender options for second mortgages.

Services & Prices
Home Purchase Loans Quoted per loan
Refinancing Loans Quoted per loan
Loan Pre-Approval Quoted per loan
View Profile
(844) 947-2848
Open 9:00 AM - 5:00 PM
50 Milk Street, 16th Floor, Boston, MA 02108, USA
General Services
Mortgage Services
5

MDO Mortgage -Mortgage Broker MB#1986484

MDO Mortgage holds a mortgage broker license (MB#1986484) and is known for guiding first-time homebuyers through the loan process with clear explanations and responsive support. The team offers a range of home loan options, often helping clients close quickly while addressing any challenges along the way. Customers appreciate their patience and personalized attention throughout each step.

Services & Prices
Home Purchase Loans Quoted per loan
Refinancing Loans Quoted per loan
Pre-Approval Quoted per loan
Condo Purchase Loans Quoted per loan
View Profile
(617) 665-7155
Open 9:00 AM - 5:00 PM
10 Bremen St, East Boston, MA 02128, USA
General Services
Mortgage Services
Where they are 10 on the map Click a pin for the profile and directions
6

Geovanne Colon, Mortgage Broker NMLS #1880655

Licensed as a mortgage broker (NMLS #1880655), this team specializes in guiding first-time buyers and homeowners through financing options for purchases and refinancing. They offer clear explanations and stay accessible throughout the process, helping clients feel informed and confident, though some may find the pace thorough.

Services & Prices
Home Purchase Loans Quoted per loan
Refinancing Quoted per loan
First-Time Homebuyer Assistance Quoted per loan
View Profile
(617) 821-1757
Open 9:00 AM - 8:00 PM
19 Pilgrim Rd, Boston, MA 02215, USA
General Services
Mortgage Services
7

Security First Mortgage Funding LLC

Security First Mortgage Funding LLC focuses on guiding clients through home loan options with clear communication and ongoing support. The team handles residential lending and refinancing, often praised for responsiveness and making the process smooth. Some clients note occasional delays, but overall the service is described as helpful and accessible.

Services & Prices
Rate Comparison Quoted per loan
View Profile
(617) 536-0600
Open 9:00 AM - 5:00 PM
321 Columbus Ave, Boston, MA 02116, USA
General Services
Mortgage Refinancing
8

William Raveis Real Estate - Boston Back Bay

William Raveis Real Estate in Boston Back Bay offers a full range of services for buying, selling, and renting homes, supported by a large network of experienced agents. Clients appreciate the team’s local knowledge and helpful insights, though some have noted concerns about communication and commission handling in certain cases.

Services & Prices
Settling-in Services $200 - $600
Cultural Orientation $150 - $350
View Profile
(617) 266-5200
Open 9:00 AM - 5:00 PM
18 Arlington St, Boston, MA 02116, USA
General Services
Relocation Services
9

Equivest Mortgage

For a 15-year fixed-rate mortgage, the interest rate is 5.99% (6.4977% APR). This amount includes 2.00 points ($4,000.00) at closing. Monthly payments would be $1,686.64 for a mortgage of $200,000 The monthly payment is not inclusive of taxes or insurance premiums. The actual payment will be higher. The payment assumes that the loan-to-value ratio (LTV), is 74.91%. Rates for mortgages can change… more...

For a 15-year fixed-rate mortgage, the interest rate is 5.99% (6.4977% APR). This amount includes 2.00 points ($4,000.00) at closing. Monthly payments would be $1,686.64 for a mortgage of $200,000 The monthly payment is not inclusive of taxes or insurance premiums. The actual payment will be higher. The payment assumes that the loan-to-value ratio (LTV), is 74.91%. Rates for mortgages can change frequently. Your individual circumstances and the current rate will affect your actual payments. These rates are valid as of the publication date on September 22, 2022, from qualified participants in LMB Provider Network. 30-Year Fixed Rate Mortgage: A fixed-rate mortgage at 6.50% (6.75% APR). This is in addition to the closing cost of 2.00 points ($4,000.00). Monthly payments would be $1,264.14 for a mortgage of $200,000 This monthly payment doesn't include insurance premiums or taxes. The actual monthly payment will be higher. The payment assumes that the loan-to-value ratio (LTV), is 74.91%. Rates for mortgages can change frequently. Your individual circumstances and the current rate will affect your actual payments. These rates are valid as of the publication date on September 22, 2022, from qualified participants in LMB Provider Network. These borrowers can pay off their mortgage much quicker than traditional 30-year mortgages. In addition, the interest rates for shorter-term usually lower than those on 30-year mortgages. More information can be found at https://www.quickenloans.com/mortgage-options/fixed-home-loans.

View Profile
(888) 406-2118
Open 8:30 AM - 6:00 PM
470 Atlantic Ave, Boston, MA 02110, USA
10

Transcend Mortgage Inc

Transcend Mortgage Inc. is a mortgage firm based in Malden MA. Our specialties include Conventional, FHA, and Home Purchase Loans. Our services extend to the rest of Middlesex County. We can assist you in buying or refinancing a house within the ZIP code 02148. Our refinance offerings are tailored to meet local borrower needs. We can help you if you are looking to get cash out or a longer term… more...

Transcend Mortgage Inc. is a mortgage firm based in Malden MA. Our specialties include Conventional, FHA, and Home Purchase Loans. Our services extend to the rest of Middlesex County. We can assist you in buying or refinancing a house within the ZIP code 02148. Our refinance offerings are tailored to meet local borrower needs. We can help you if you are looking to get cash out or a longer term and a lower rate. The following programs are available for refinancing: Transcend Mortgage Inc is unique because we also offer these niche programs: Investment No Income Doc, Non-QM, and Investment No Income Doc.

View Profile
(781) 526-4166
Closed Now
745 Atlantic Ave, Boston, MA 02111, USA

Boston Mortgage Statistics

Home-purchase lending in Suffolk County and home costs in Boston, MA (latest HMDA and Census data)

Lenders made 5,447 home-purchase loans in Suffolk County in 2025 (average about $750,000) and denied 673 — 11% of decided applications, compared with 9% across Massachusetts, according to federal mortgage data (HMDA, CFPB). In Boston, the median home is worth $731,700 and 70% of owners have a mortgage, paying a median $2,986 a month (Census ACS 2020–2024).

Home-purchase loans, 2025
5,447▲ 6%5,162 in 2024
Denial rate
11%MA 9%
Median home value
$731,700MA $562,100
Monthly cost with a mortgage
$2,986median · MA $2,726
Refinance loans made (Suffolk County, 2025)
2,767 · 1,752 in 2024
Home-improvement loans made (2025)
850
Average home-purchase loan
$750,000 (MA $604,000)
Owners with a mortgage
70% · 32% of them spend 30%+ of income on housing
Median household income
$97,344 (MA $103,960)

Source: CFPB / FFIEC Home Mortgage Disclosure Act (HMDA) data, 2024–2025 loan applications in Suffolk County (originated vs denied); home values and costs: U.S. Census Bureau ACS 2020–2024. Compiled by TrustAnalytica.

Boston Mortgage Brokers stats: 10 businesses compared side by side · updated
# Business Rating Reviews Starting price Phone Website
1 Sammy Iliopoulos - Senior Loan Officer 5.0 100 Quoted per loan (617) 532-3965 Visit
2 Savvas Fetfatsidis at Guaranteed Rate (NMLS #35213) 5.0 100 Quoted per loan (617) 532-2005 Visit
3 Brian Cavanaugh - Mortgage Network, Inc. NMLS#441864 4.9 100 Quoted per loan (617) 771-5021 Visit
4 Own Up 4.9 100 Quoted per loan (844) 947-2848 Visit
5 MDO Mortgage -Mortgage Broker MB#1986484 5.0 93 Quoted per loan (617) 665-7155 Visit
6 Geovanne Colon, Mortgage Broker NMLS #1880655 5.0 22 Quoted per loan (617) 821-1757 Visit
7 Security First Mortgage Funding LLC 5.0 6 Quoted per loan (617) 536-0600 Visit
8 William Raveis Real Estate - Boston Back Bay 3.5 8 $150 (617) 266-5200 Visit
9 Equivest Mortgage 5.0 4 — (888) 406-2118 Visit
10 Transcend Mortgage Inc 5.0 1 — (781) 526-4166 Visit

How this Boston mortgage affordability calculator works

Lenders look at your debt-to-income ratio. Housing costs (principal and interest, property tax, homeowners insurance and mortgage insurance) should stay under about 31% of your gross monthly income, and housing plus your other monthly debts under 43%. The calculator finds the highest home price that passes both tests with your down payment, on a 30-year fixed loan.

Massachusetts rules and numbers this calculator uses

Debt-to-income
31% for housing and 43% total, the FHA standard and the long-time Qualified Mortgage limit. Some conventional loans go higher with strong credit and savings.
Down payment
At least 3% on a conventional first-time buyer loan (3.5% on FHA). Under 20% down, private mortgage insurance of about 0.6% of the loan a year is added to the payment.
Property tax
About 0.95% of the home's value a year, the Massachusetts average for owner-occupied homes (2024 Census ACS).
Insurance
Homeowners insurance assumed at $150 a month; it varies a lot by home and location.
Rate
Starts at 7.40% (Freddie Mac 30-year average, October 2026). Change it to the rate you have been quoted.

An estimate, not a mortgage approval or pre-approval. Your credit, income type, the property and the lender all change the answer; a mortgage broker confirms your real number. Sources: Freddie Mac Primary Mortgage Market Survey (October 2026), U.S. Census Bureau American Community Survey 2024 property tax data, FHA and CFPB debt-to-income guidance.

Frequently asked questions

10 questions
How does the mortgage affordability calculator work in Boston?
It estimates your maximum home price based on income, debts, down payment, interest rate, and PMI. It uses Massachusetts property tax rates and standard debt-to-income ratios.
How accurate is the mortgage affordability estimate?
It's a general estimate. Pre-approval by a lender confirms the amount, verifying income, debts, credit, and down payment.
What is the minimum down payment for a home in Massachusetts?
For conventional loans, it's 3% for first-time buyers, 3.5% for FHA loans. VA and USDA loans may allow 0% down.
How do interest rates affect how much house I can afford?
Higher rates increase monthly payments, reducing the home price you can afford. Rates start at 7.40% in this calculator.
How does debt impact my mortgage qualification?
Lenders cap total debt payments at 43% of gross income. High debts reduce the mortgage amount you can qualify for.
What is the property tax rate in Massachusetts?
The average property tax rate is about 0.95% of the home's value per year for owner-occupied homes.
What's the difference between mortgage pre-approval and pre-qualification?
Pre-approval is a verified lender estimate of borrowing capacity. Pre-qualification is an initial, unverified estimate.
Do I need private mortgage insurance in Massachusetts?
Yes, if your down payment is under 20% for conventional loans. PMI is roughly 0.6% of the loan annually.
How much house can I afford on a $100k salary in Boston?
It depends on your debts, down payment, and interest rate. Use the calculator for a personalized estimate.
What does a mortgage broker do?
A mortgage broker helps find and negotiate mortgage terms with lenders, but this page focuses on affordability estimates.

General information, not financial advice — consult a qualified professional.