What is the cheapest place to live in Massachusetts?
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What is the cheapest place to live in Massachusetts?
The 10 Most Affordable Places To Live In Massachusetts
- Palmer Town.
- Westfield.
- Pittsfield.
- Chicopee.
- Agawam Town.
- Gardner.
- North Adams.
- Fitchburg.
Is it a good time to buy a house in Massachusetts?
March through April is peak home buying season in Massachusetts. If you don’t mind moving in winter, however, any seller with a house on the market will likely accept a much lower offer.
How much money do you need to buy a house in Massachusetts?
Recommended Minimum Savings
| Minimum Down Payment | $8,750 |
|---|---|
| Closing Costs | $8,494 |
| Estimated Cash Needed to Close | $17,244 |
| Recommended Cash Reserve | $4,467 |
| Total Recommended Savings | $21,711 |
How much are closing costs on a house in Massachusetts?
In Massachusetts, there are five major closing costs typically paid by the seller: The real estate agent’s commission, usually 5% to 6% of the price of the home. The real estate attorney’s fee, usually between $800 and $1100. State excise tax stamps, set at roughly 0.456% of the price of the home.
What credit score is needed to buy a house in Massachusetts?
A borrower’s credit score must be at least 640 to buy a single family or condo and at least 660 to buy a two- or three- family home. MHP also will work with consumers who don’t have any credit history. 7. The home buyer must agree to use the home purchased as a primary residence through the term of the loan.
How much would a house payment be for $300 000?
A $300,000 mortgage comes with upfront and long-term costs….Monthly payments for a $300,000 mortgage.
| Annual Percentage Rate (APR) | Monthly payment (15 year) | Monthly payment (30 year) |
|---|---|---|
| 3.00% | $2,071.74 | $1,264.81 |
