Buying and owning a home
CLASSES FOR HOMEBUYERS
Know the costsCosts
What's in a mortgage payment?
Your monthly mortgage payment is made up of four parts: principal, interest, taxes, and insurance.
The principal is how much you borrowed from the bank. The interest is what the bank charges you for the loan. The taxes are based on your property’s value. The insurance covers your home if it gets damaged.
Financing and insurance
Through our financial assistance program, you can get money to put towards your down payment and closing costs.
If you have a mortgage, you must buy homeowners insurance. If your down payment is less than 20% of the price of your home, you may also need to pay for a private mortgage insurance policy.
Taxes and more
PAY YOUR TAXES ONLINE
You can use our online system to pay for your real estate taxes in the City of Boston. Have questions? Contact the Taxpayer Referral and Assistance Center.
SEARCH PROPERTIES IN BOSTON
Look up data and location, ownership, and tax information on every property in Boston through our Assessing online tool.
If you own and live in your home, you may be exempted from paying a portion of your tax bill. Find out if you qualify.
Homeowners and landlords can lower their energy and water expenses by requesting a free home energy assessment. A home energy adviser will install energy-saving equipment — like light bulbs — and create a customized report and plan for you.
WHAT ELSE CAN I DO?
There are dozens of ways you can improve your energy use. Get started with Greenovate’s list of ideas. Before you make any purchases, review all rebates, incentives, and financing options from Mass Save. If you are an older adult, you may qualify for Seniors Save, a program to replace aging heating systems before they break down.
Being a landlordLandlords
Rental registration and safety
You need to register a private rental unit with the City every year. We conduct inspections on units every five years. If you’re a property owner who always complies with City and state law, you should consider the 5-year alternative inspection plan.
Property owner responsibilities
If you’re a property owner, you need to make sure a rental unit is clean, safe, and sanitary for new tenants.
Help for seniors
If you’re at least 62 years of age and own your home, you may qualify for special programs that offer loans for home repairs.
If you’re at least 60 years of age, Seniors Save can help replace aging heating systems before they break down and create an emergency situation.
If you’re at least 60 years of age, qualified homeowners can volunteer for the City of Boston and get a property tax reduction of up to $1,000.
If you’re at least 65 years of age, this exemption provides up to $1,500 in relief to taxpayers who meet the income, whole estate, and residency requirements.
If you’re at least 65 years of age and having trouble paying your property tax bills, there’s a way to defer your taxes and remain in your home.
The Boston Home Center offers consumer outreach, information, and counseling to help homeowners avoid predatory lending and foreclosure.
Learn more about discounted utility rates, City and state programs, home improvement services, and other forms of assistance.