Missouri Mortgage Calculator
Estimate your monthly mortgage payment in Missouri. On the state's median home value of $240,000, with a 20% down payment at today's rates, expect a total monthly payment (principal, interest, taxes, and insurance) around $1,582. Adjust every input for your situation.
Monthly Breakdown
- Principal & Interest$1,214
- Property Tax$202
- Home Insurance$167
Amortization Schedule
| Year | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $14,563 | $2,146 | $12,417 | $189,854 |
| 2 | $14,563 | $2,290 | $12,273 | $187,564 |
| 3 | $14,563 | $2,443 | $12,120 | $185,121 |
| 4 | $14,563 | $2,607 | $11,956 | $182,514 |
| 5 | $14,563 | $2,781 | $11,782 | $179,733 |
| 6 | $14,563 | $2,968 | $11,595 | $176,766 |
| 7 | $14,563 | $3,166 | $11,397 | $173,599 |
| 8 | $14,563 | $3,378 | $11,184 | $170,221 |
| 9 | $14,563 | $3,605 | $10,958 | $166,616 |
| 10 | $14,563 | $3,846 | $10,717 | $162,770 |
| 11 | $14,563 | $4,104 | $10,459 | $158,667 |
| 12 | $14,563 | $4,378 | $10,184 | $154,288 |
| 13 | $14,563 | $4,672 | $9,891 | $149,616 |
| 14 | $14,563 | $4,985 | $9,578 | $144,632 |
| 15 | $14,563 | $5,318 | $9,244 | $139,314 |
| 16 | $14,563 | $5,675 | $8,888 | $133,639 |
| 17 | $14,563 | $6,055 | $8,508 | $127,584 |
| 18 | $14,563 | $6,460 | $8,103 | $121,124 |
| 19 | $14,563 | $6,893 | $7,670 | $114,232 |
| 20 | $14,563 | $7,354 | $7,209 | $106,877 |
| 21 | $14,563 | $7,847 | $6,716 | $99,030 |
| 22 | $14,563 | $8,372 | $6,190 | $90,658 |
| 23 | $14,563 | $8,933 | $5,630 | $81,725 |
| 24 | $14,563 | $9,531 | $5,031 | $72,194 |
| 25 | $14,563 | $10,170 | $4,393 | $62,024 |
| 26 | $14,563 | $10,851 | $3,712 | $51,173 |
| 27 | $14,563 | $11,577 | $2,985 | $39,596 |
| 28 | $14,563 | $12,353 | $2,210 | $27,243 |
| 29 | $14,563 | $13,180 | $1,383 | $14,063 |
| 30 | $14,563 | $14,063 | $500 | $0 |
Swipe the table sideways to see all columns →
How to use it
A two-minute guide.
The Home Price field is pre-filled with Missouri's median home value (about $240,000). Override with your target home's actual price for a property-specific estimate.
The Property Tax Rate is pre-filled with Missouri's average effective rate of 1.01%. Within Missouri, rates vary by county — if you know your specific local rate from your county assessor or last tax bill, override it for a more precise estimate.
The Home Insurance default reflects Missouri's typical annual premium of approximately $2,000.
Adjust the Down Payment slider to compare scenarios. Below 20% down triggers PMI; the calculator adds it automatically and flags it.
How it works
The math behind the result.
The Missouri median home, in dollar terms. At $240,000 with a 20% down payment, you bring $48,000 to closing (plus closing costs) and take out a $192,000 mortgage. At today's 6.50% 30-year fixed rate, your monthly principal and interest is roughly $1,214.
Missouri's ongoing housing costs. The state's average property tax rate of 1.01% produces about $2,424 per year on a median-priced home — typically paid through escrow with your mortgage. Insurance averages $2,000/year in Missouri.
Total monthly payment (PITI) on the median Missouri home works out to about $1,582/month at current rates with 20% down and no HOA. Putting less down adds PMI; HOA dues add separately if your specific neighborhood requires them.
Your specific city matters. Median home prices vary widely within Missouri — major cities are usually 30-100% above the state median, rural areas can be well below. For city-specific calculators with local home prices pre-filled, use the city links below.
Questions
Frequently asked.
Want a more local estimate? See our city-specific Missouri mortgage calculators or check Missouri property tax rates.
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