โ† Back to Home Hub

๐Ÿ’ธ Monthly Costs

Hub-internal ยท P1 P6 ยท Full monthly nut

Per-town property tax lookup ($535k baseline)

TownTierAvg PriceTax %Tax/moCommute
NorwoodTier 1$599,0001.23%$614/mo0 min
WalpoleTier 1$650,0001.4%$758/mo15 min
FoxboroughTier 1$620,0001.35%$698/mo20 min
MansfieldTier 2$575,0001.5%$719/mo25 min
SharonTier 2$725,0001.6%$967/mo20 min
EastonTier 2$625,0001.5%$781/mo25 min
CantonTier 2$650,0001.45%$785/mo12 min
DedhamTier 2$675,0001.4%$787/mo10 min
WestwoodTier 2$800,0001.3%$867/mo12 min
WrenthamTier 2$550,0001.5%$688/mo25 min
PlainvilleTier 2$500,0001.45%$604/mo30 min

Monthly cost breakdown ($535k SFH Conv97 baseline)

P&I (mortgage)$3,484/mo
Property tax (Norwood 1.23%)$614/mo
HO Insurance$150/mo
Water/Sewer$180/mo
PMI (Conv97 0.5%)$242/mo
Subtotal PITI$4,670/mo

Add these for full monthly nut:
Maintenance reserve (1%/yr)$499/mo
Utilities (gas+electric+internet)~$300/mo
HOA (if condo โ€” $541 example)$0-541/mo
Trash/misc~$50/mo
SFH full monthly nut (est)$5,519/mo
Condo full nut (+$541 HOA)$6,060/mo

Condo vs SFH path delta

Condo at same $535k purchase adds ~$541/mo HOA but typically saves on maintenance (~$300/mo less because exterior is HOA-handled). Net: condo ~$200-250/mo MORE than SFH per month, with less yard/privacy upside.

Master plan flagged: "Condos may vary heavily by HOA quality and location. Avoid buying a condo that feels financially inefficient long term."

Action