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Missouri mortgage calculator

The median home in Missouri runs about $250,000. With 20% down that's a loan near $200,000 — the calculator is pre-filled with that figure. Missouri's low state sales-tax rate and near-average property tax rate keep carrying costs moderate, though the state also levies an annual personal property tax on vehicles and severe storms raise insurance premiums.

$1,298.53 / month

Total interest
$267,466
Total paid
$467,466
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$50k$100k$150k$200k0612182430Year

How it works

A full Missouri payment is more than principal and interest. At the state's 0.97% effective property tax rate, a $250,000 home owes about $2,425 a year in tax, and homeowners insurance averages roughly $2,600 a year here. Together those add about $419 to the monthly payment before any HOA dues or PMI.

Missouri's median household income is about $68,000, or $5,667 a month. Lenders generally want the full housing payment under about 28% of that — roughly $1,587 — which is why a median-priced home is comfortable in some metros and a stretch in others. Homes in Missouri sell in about 35 days on average.

Frequently asked questions

What is a typical mortgage payment in Missouri?
On the state's roughly $250,000 median home with 20% down, the loan is about $200,000. Principal and interest depend on your rate; on top of that, Missouri's 0.97% effective property tax rate and about $2,600 a year in homeowners insurance add roughly $419 per month to the payment.
How much are property taxes on a home in Missouri?
Missouri's effective property tax rate averages about 0.97% of market value — roughly $2,425 a year on the $250,000 median home. Your county sets the actual rate and may assess below market value.
Is homeowners insurance expensive in Missouri?
The average Missouri homeowners policy runs about $2,600 a year. Missouri's low state sales-tax rate and near-average property tax rate keep carrying costs moderate, though the state also levies an annual personal property tax on vehicles and severe storms raise insurance premiums.
Can I afford a home in Missouri on the median income?
Missouri's median household income is about $68,000 a year, or $5,667 a month. Lenders generally want the full housing payment under about 28% of that — roughly $1,587 — so a median-priced home is a stretch in the pricier metros.
How fast do homes sell in Missouri?
A for-sale home in Missouri spends about 35 days on the market on average, though this varies widely by metro and season.

Learn more: Understanding your mortgage payment

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