Closing Costs in Massachusetts (2026)

Buyers in Massachusetts typically pay 2% to 5% of the purchase price in closing costs — roughly $14,998 to $37,495 on a median-priced home around $749,900. Our itemized estimate, including lender fees, title work, government fees, and prepaid taxes and insurance, comes to about $21,903 (2.9% of the price) with 20% down at 6.75%.

The effective property tax rate in Massachusetts is approximately 1.15% of home value per year. On a median-priced home of $749,900, that works out to about $8,624 per year, or $719 per month. Several months of taxes are usually collected up front at closing to fund your escrow account.

Yes. Massachusetts deed excise tax is customarily paid by the seller. At that rate on a $749,900 home, the tax is roughly $3,420 — and in this state the buyer does not customarily pay it, so it is not included in our buyer-side estimate. Everything is negotiable in the purchase contract.

The 2026 conforming loan limit in most of Massachusetts is $832,750 for a one-unit home. Some high-cost counties go as high as $1,249,125. On a median-priced $749,900 home with 20% down, the loan is $599,920 — within the conforming limit in most counties. FHA limits also vary by county (2026 floor about $541,288).

With 20% down on a $749,900 home, plan for about $171,883 in total: $149,980 for the down payment plus roughly $21,903 in closing costs and prepaid items. A smaller down payment reduces the cash needed but adds PMI to your monthly payment.

On a median-priced $749,900 home with 20% down and a 30-year loan at 6.75%, the total monthly payment is about $4,956 — $3,891 in principal and interest, $719 in property taxes, and $346 in homeowners insurance.