Calculate your monthly mortgage payment in Missouri. Pre-filled with Missouri's median home price of $225,000 and an average property tax rate of 0.97%.
Est. Monthly Payment
$1,604
Principal & Interest
$1,328
Property Tax / mo
$182
Total Interest Paid
$275,671
| Home Price | $225,000 | Median home price in Missouri (2025) |
| Down Payment | 10% ($22,500) | Typical down payment percentage |
| Loan Amount | $202,500 | Home price minus down payment |
| Interest Rate | 6.86% | Approximate 30-year fixed rate (2025 avg) |
| Loan Term | 30 years | Most common mortgage term |
| Property Tax | 0.97% / year | Missouri average effective rate |
| Home Insurance | 0.5% / year | Approximate annual premium |
MHDC First Place, Next Step, Cash Assistance Loan
Cost of living: Low · Population: 6,154,913
Missouri has a median home price of approximately $225,000, placing it below the national median. With a 10% down payment of $22,500, a typical buyer would finance $202,500 over 30 years. At a 6.86% fixed rate, the monthly principal and interest payment comes to $1,328.
Property taxes in Missouri average 0.97% of the assessed home value annually — one of the moderate rates in the country. Combined with an estimated $94 for homeowners insurance, your all-in monthly housing cost is approximately $1,604.
Using the 28% housing cost guideline, you would need a gross annual income of approximately $68,754 to qualify comfortably. The median household income in Missouri is $57,290.
