How much house can I afford in Rhode Island?

All-in cost first, always. Estimate only — not a loan quote or pre-approval.

Not your state? Find your calculator here.

Rhode Island at a glance

Median home price
$525,000
Typical closing costs
2%–4% of price
Transfer tax
0.75% of sale price, customarily paid by seller
Closing custom
attorney
Homestead exemption
Not available in this state.

First-time buyer / down payment assistance programs

  • RIHousing First-Time Homebuyer Loan

    RIHousing's primary first mortgage program, offering up to 100% financing (no down payment required) plus down payment/closing-cost assistance for eligible buyers statewide, available through RIHousing's Loan Center or participating lenders. Loan Center mortgages are subject to household income limits that vary by area and household size; participating-lender loans are not income-restricted the same way.

  • RIHousing 15kDPA

    0%-interest, no-monthly-payment second loan providing $15,000 for down payment and/or closing costs, repaid only when the borrower sells, transfers, or vacates the home; must be paired with a RIHousing-funded first mortgage from a Participating Lender or the Loan Center. Minimum 660 credit score.