CALCMONEY // MORTGAGE // MA // BOSTON // 02116
ZIP CODE ANALYSISHyper-local mortgage data for ZIP 02116 in Boston, MA. This is a high-net-worth enclave — most purchases require jumbo financing.
$1,350,000
$1,080,000
$8,702
$372,923/yr
| Down Payment | Home Price | Loan Amount | Monthly P&I | Total Monthly | Rate |
|---|---|---|---|---|---|
| 10% Down | $1,350,000 | $1,215,000 | $8,043 | $9,595 | 6.95% |
| 20% Down | $1,350,000 | $1,080,000 | $7,149 | $8,702 | 6.95% |
| 25% Down | $1,350,000 | $1,012,500 | $6,702 | $8,255 | 6.95% |
Total monthly includes principal & interest, property tax (0.98% annual), and estimated homeowners insurance. PMI not included.
Back Bay (ZIP 02116) sits within Boston, Massachusetts with a median home price of $1,350,000 — significantly above the Boston city-wide median of $750,000. At 80% LTV, the typical loan amount of $1,080,000 exceeds the 2026 conforming loan limit of $766,550, placing most purchases in jumbo territory. Jumbo loans typically require stronger credit scores, larger reserves, and may carry slightly different rate pricing.
Property taxes in ZIP 02116 run 0.98% annually, adding $1,103 per month on the median home. Median household income in this neighborhood is approximately $155,000, placing the price-to-income ratio at 8.7x. Massachusetts levies a state income tax, which reduces take-home pay and should be factored into your maximum monthly payment calculation.