Mortgage Rates in Chelmsford, Massachusetts — March 2026
Updated March 2026 | Based on Chelmsford market data and regional lending conditions
Chelmsford is a growing city in Massachusetts with a population of 35,085. The current 30-year fixed mortgage rate in Chelmsford is 6.7%, which is 0.05% above the national average. With a median home price of $577,000 and a 20% down payment of $115,400, homebuyers can expect a monthly principal and interest payment of approximately $2,979.
Current Mortgage Rates in Chelmsford, MA
Below are the current average mortgage rates available in the Chelmsford area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.7% | 6.65% | +0.05% |
| 15-Year Fixed | 5.95% | 5.89% | +0.06% |
| 5/1 ARM | 6.22% | 6.15% | +0.07% |
| FHA | 6.47% | 6.25% | +0.22% |
| VA | 6.22% | 6.05% | +0.17% |
| Jumbo | 6.95% | 6.85% | +0.1% |
Chelmsford Housing Market Overview
The Chelmsford housing market is competitive with prices well above the national median. The median household income in Chelmsford is $84,600, and the cost of living index is 127.9 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $153,429 to comfortably afford the median-priced home in Chelmsford, which exceeds the current median household income.
Monthly Payment Breakdown for Chelmsford
Based on the median home price of $577,000 with 20% down ($115,400), here is what you can expect to pay monthly in Chelmsford:
15-Year vs. 30-Year Mortgage in Chelmsford
Choosing a 15-year mortgage in Chelmsford at 5.95% instead of a 30-year at 6.7% would save you $373,500 in total interest over the life of the loan. However, your monthly payment would be $3,883 instead of $2,979 — an increase of $904 per month.
Calculate Your Chelmsford Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Chelmsford
What are the current mortgage rates in Chelmsford, MA?
As of March 2026, the average 30-year fixed mortgage rate in Chelmsford, Massachusetts is 6.7%, while the 15-year fixed rate is 5.95%. FHA loans average 6.47% and VA loans 6.22%. These rates are 0.05% above the national average of 6.65%.
How much is a monthly mortgage payment in Chelmsford?
Based on the median home price of $577,000 with 20% down, the estimated monthly mortgage payment in Chelmsford is $2,979 for principal and interest. Including property taxes of $601/month, the total monthly housing cost is approximately $3,580.
What income do I need to buy a home in Chelmsford?
Using the 28% rule, you would need an annual income of approximately $153,429 to afford the median-priced home in Chelmsford at $577,000. The median household income in Chelmsford is $84,600. This means most households would need to either earn above the median or consider homes below $577,000.
Is Chelmsford a good place to buy a home in 2026?
Chelmsford has a higher cost of living than average with a cost of living index of 127.9 (national average = 100). The property tax rate in Massachusetts is 1.25%, which is near the national average. Chelmsford has a population of 35,085 and offers a balanced lifestyle.
Mortgage Rates in Other Massachusetts Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Chelmsford, Massachusetts area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.