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)
$3,103
- Principal & Interest
- $2,326
- Property Taxes
- $498
- Home Insurance
- $125
- PMI
- $153
Total Interest
$469,364
Total Cost
$1,061,764
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.