Rhode Island (RI) · Northeast Real Estate Profile
Rhode Island Mortgage Payment & Property Tax Guide
Calculate your exact monthly housing expense in Rhode Island. In Rhode Island, the effective statewide property tax rate averages 1.40% and homeowners insurance averages 0.45% of home market value. Explore 25 pre-calculated loan scenarios below.
Effective Property Tax1.40%
Homeowners Insurance0.45%
Median Home Price$440,000
Conforming Loan Limit$766,550
Property Tax Context for Rhode Island: At 1.40%, a median-priced home of $440,000 pays roughly $6,160 per year in property taxes ($513/month). Millage rates vary across counties and municipalities.
Companion Tax Engine
View Rhode Island Tax Tables →Check Take-Home Pay Across All 50 States on AfterTaxMath
See exact net salary, state income tax withholding, and FICA deductions for Rhode Island residents.
Monthly Payment Benchmarks in Rhode Island (30-Year Fixed at 6.50%%)
Estimated monthly PITI payments assuming 20% down payment and standard 28% DTI underwriting:
| Loan Amount | Est. Home Value | 30-Yr P&I | RI Property Tax | Total PITI/mo | Required Salary | Details |
|---|---|---|---|---|---|---|
| $150,000 | $187,500 | $948/mo | $219/mo | $1,237/mo | $53,000/yr | View schedule → |
| $250,000 | $312,500 | $1,580/mo | $365/mo | $2,062/mo | $88,000/yr | View schedule → |
| $350,000 | $437,500 | $2,212/mo | $510/mo | $2,887/mo | $124,000/yr | View schedule → |
| $450,000 | $562,500 | $2,844/mo | $656/mo | $3,711/mo | $159,000/yr | View schedule → |
| $550,000 | $687,500 | $3,476/mo | $802/mo | $4,536/mo | $194,000/yr | View schedule → |
| $750,000 | $937,500 | $4,741/mo | $1,094/mo | $6,186/mo | $265,000/yr | View schedule → |
| $1,000,000 | $1,250,000 | $6,321/mo | $1,458/mo | $8,248/mo | $353,000/yr | View schedule → |
Browse all 25 loan amounts in Rhode Island
Select any loan principal to view detailed amortization, rate sensitivity, and DTI requirements:
$100k in RI$825/mo$150k in RI$1,237/mo$200k in RI$1,650/mo$250k in RI$2,062/mo$300k in RI$2,474/mo$350k in RI$2,887/mo$400k in RI$3,299/mo$450k in RI$3,711/mo$500k in RI$4,124/mo$550k in RI$4,536/mo$600k in RI$4,949/mo$650k in RI$5,361/mo$700k in RI$5,773/mo$750k in RI$6,186/mo$800k in RI$6,598/mo$850k in RI$7,011/mo$900k in RI$7,423/mo$950k in RI$7,835/mo$1 million in RI$8,248/mo$1.1 million in RI$9,073/mo$1.2 million in RI$9,897/mo$1.3 million in RI$10,722/mo$1.4 million in RI$11,547/mo$1.5 million in RI$12,372/mo$2 million in RI$16,496/mo
Explore neighboring Northeast states
Compare mortgage payment benchmarks and property taxes across neighboring Northeast jurisdictions:
Connecticut (1.96% tax)View guide →Delaware (0.58% tax)View guide →Maine (1.24% tax)View guide →Massachusetts (1.15% tax)View guide →New Hampshire (1.93% tax)View guide →New Jersey (2.23% tax)View guide →
Closing Costs & Transfer Tax in Rhode Island
Real estate conveyance tax is $2.30 per $500 ($4.60 per $1,000) for sales under $800k; higher rates apply above $800k.