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Rhode Island Mortgage Calculator

Estimate the monthly PITI payment on a Rhode Island home. Preseeded with the state’s 1.30% effective property-tax rate, $1,500 average annual insurance, and $460,000 median home price.

Loan Parameters
$
$
Percentage
20.0 %
Loan Term
Advanced Options
$
Monthly Payment (PITI)
$2,949
Principal & Interest
$2,326
Property Taxes
$498
Home Insurance
$125
Total Interest
$469,364
Total Cost
$1,061,764
Loan-to-Value
80.0%
Payoff Year
2056

Rhode Island Property Tax, Insurance & Home Prices

Effective property-tax rate
1.30%
Avg annual insurance
$1,500
Median home price
$460,000

Statewide averages, last reviewed May 2026. Actual rates and premiums vary significantly by county, city, and parcel — see the notes below.

Notable Rhode Island Rules

Rhode Island towns each set their own property-tax structure with separate residential, commercial, and tangible rates. Some towns (Providence, Central Falls) have notably higher rates than coastal communities. The state offers Homestead Exemption in select cities (e.g. Providence offers up to 40% off assessed value for owner-occupied homes).

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Frequently Asked Questions

  • Rhode Island's statewide effective property-tax rate is approximately 1.30% of home value (last reviewed May 2026). Actual county- and city-level rates vary; check your specific parcel before budgeting.