Rhode Island Mortgage Calculator
Calculate your monthly mortgage payment for homes in Rhode Island, factoring in local property taxes, home insurance, and HOA fees.
Why calculating mortgage in Rhode Island is different
Rhode Island has a progressive income tax system.
State Income Tax
3.75% - 5.99%
Base Sales Tax
7%
State Min Wage
$14.00 / hr
Abbreviation
RI
Rhode Island Mortgage Interactive Tool
This calculator uses the latest 2026 data for Rhode Island, including the minimum wage of $14.00 and the specific state income tax rates (3.75% - 5.99%).
Frequently Asked Questions about Rhode Island Mortgage
How much are typical closing costs in Rhode Island?
Closing costs in Rhode Island typically range from 2% to 5% of the total loan amount. This includes state-specific mortgage recording taxes and title fees.
Should I buy a home in Rhode Island?
Buying a home in Rhode Island requires factoring in the local property tax rates and home insurance costs, which can vary drastically between different counties.