Rhode Island mortgage calculator

30-year fixed mortgage calculator with Rhode Island-specific defaults. Median home price $460,000 · property tax effective rate 1.40%. All inputs update live; share your scenario as a URL.

Median home price reconciled 2026-04-22. Source: Zillow Home Value Index, state-level.

Your loan

Home price

$100k$2M

Down payment$92,000

Interest rate30-yr avg: 6.875%

Loan term

Taxes & insurance

(optional, but realistic)

State

Rhode Island

State pre-set for this page. Switch state

Property tax rate

~$537 per month

Homeowner insurance

HOA dues (if any)

PMI required. With 20% down (LTV 80.0%), private mortgage insurance is added at 0.50% of the loan annually — that's $153/month. PMI auto-removes at month 28 (78% LTV, per the Homeowners Protection Act).

Extra payments

(optional — accelerate payoff)

Biweekly paymentsPay half the monthly amount every two weeks (26 half-payments per year ≈ 13 monthly equivalents). Typically saves 4-7 years and tens of thousands in interest on a 30-year loan.

Extra each month

Applied as additional principal every month.

One-time lump sum

Single payment toward principal at the specified month (e.g. tax refund or bonus).

Estimated monthly payment

For a $460,000 home, 20% down, 6.875% APR, 30-year fixed in Rhode Island.

Where your payment goes

Principal & interest$2,417

Property tax$537

Homeowner insurance$145

PMI$153

Loan amount

$368,000

Total interest

$502,299

Total paid

$870,299

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How your balance falls over time

The crossover point — where more of each payment goes to principal than interest — is at year 20.

BalanceInterest paidPrincipal paid

Amortization schedule

Year-by-year breakdown of every payment.

Period	Payment	Principal	Interest	Total interest paid	Balance
Y01Year 1	$29,010	$3,829	$25,181	$25,181	$364,171
Y02Year 2	$29,010	$4,101	$24,909	$50,090	$360,070
Y03Year 3	$29,010	$4,392	$24,618	$74,708	$355,678
Y04Year 4	$29,010	$4,703	$24,307	$99,015	$350,975
Y05Year 5	$29,010	$5,037	$23,973	$122,987	$345,937
Y06Year 6	$29,010	$5,395	$23,615	$146,603	$340,543
Y07Year 7	$29,010	$5,777	$23,233	$169,835	$334,765
Y08Year 8	$29,010	$6,187	$22,823	$192,658	$328,578
Y09Year 9	$29,010	$6,626	$22,384	$215,041	$321,951
Y10Year 10	$29,010	$7,097	$21,913	$236,955	$314,855
Y11Year 11	$29,010	$7,600	$21,410	$258,364	$307,255
Y12Year 12	$29,010	$8,140	$20,870	$279,235	$299,115
Y13Year 13	$29,010	$8,717	$20,293	$299,528	$290,398
Y14Year 14	$29,010	$9,336	$19,674	$319,202	$281,062
Y15Year 15	$29,010	$9,998	$19,012	$338,214	$271,064
Y16Year 16	$29,010	$10,708	$18,302	$356,516	$260,357
Y17Year 17	$29,010	$11,467	$17,543	$374,059	$248,889
Y18Year 18	$29,010	$12,281	$16,729	$390,788	$236,608
Y19Year 19	$29,010	$13,152	$15,858	$406,645	$223,456
Y20Year 20	$29,010	$14,086	$14,924	$421,570	$209,370
Y21Year 21	$29,010	$15,085	$13,925	$435,494	$194,285
Y22Year 22	$29,010	$16,156	$12,854	$448,349	$178,129
Y23Year 23	$29,010	$17,302	$11,708	$460,057	$160,827
Y24Year 24	$29,010	$18,530	$10,480	$470,537	$142,297
Y25Year 25	$29,010	$19,845	$9,165	$479,702	$122,453
Y26Year 26	$29,010	$21,253	$7,757	$487,460	$101,200
Y27Year 27	$29,010	$22,761	$6,249	$493,709	$78,439
Y28Year 28	$29,010	$24,376	$4,634	$498,343	$54,063
Y29Year 29	$29,010	$26,106	$2,904	$501,247	$27,958
Y30Year 30	$29,010	$27,958	$1,052	$502,299	$0

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Rhode Island — related

Rhode Island income tax

Top marginal 5.99% · 3 brackets

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Compare scenarios

Up to three mortgage scenarios side-by-side with a differential row.

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National 30-year fixed

Same calculator with cross-state defaults; manually pick any state.

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Last updated 2026-05-13