Missouri Mortgage Calculator
Estimate your monthly mortgage payment in Missouri with state-specific property tax, insurance, and homestead data pre-loaded. Median home value in Missouri is $260,000 with an effective property tax rate of 0.97%.
Mortgage Calculator
Estimate your monthly payment including taxes, insurance, and PMI.
Optional
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
Year 1 | $15,776.40 | $2,324.86 | $13,451.54 | $205,675.14 |
| 1 | $1,314.70 | $188.03 | $1,126.67 | $207,811.97 |
| 2 | $1,314.70 | $189.05 | $1,125.65 | $207,622.92 |
| 3 | $1,314.70 | $190.08 | $1,124.62 | $207,432.84 |
| 4 | $1,314.70 | $191.11 | $1,123.59 | $207,241.73 |
| 5 | $1,314.70 | $192.14 | $1,122.56 | $207,049.59 |
| 6 | $1,314.70 | $193.18 | $1,121.52 | $206,856.41 |
| 7 | $1,314.70 | $194.23 | $1,120.47 | $206,662.18 |
| 8 | $1,314.70 | $195.28 | $1,119.42 | $206,466.90 |
| 9 | $1,314.70 | $196.34 | $1,118.36 | $206,270.56 |
| 10 | $1,314.70 | $197.40 | $1,117.30 | $206,073.16 |
| 11 | $1,314.70 | $198.47 | $1,116.23 | $205,874.69 |
| 12 | $1,314.70 | $199.55 | $1,115.15 | $205,675.14 |
Year 2 | $15,776.40 | $2,480.56 | $13,295.84 | $203,194.58 |
Year 3 | $15,776.40 | $2,646.67 | $13,129.73 | $200,547.91 |
Year 4 | $15,776.40 | $2,823.94 | $12,952.46 | $197,723.97 |
Year 5 | $15,776.40 | $3,013.08 | $12,763.32 | $194,710.89 |
What is a Mortgage Calculator?
A mortgage calculator helps you estimate your total monthly housing payment, including principal, interest, property taxes, home insurance, and private mortgage insurance (PMI). This gives you a complete picture of what homeownership will cost each month.
Unlike a simple loan calculator, a mortgage calculator accounts for additional costs that come with buying a home. Property taxes and insurance are typically required by lenders to be included in your monthly payment through an escrow account.
All calculations happen in your browser. No financial data is sent to any server, so your information stays completely private.
Missouri Housing Snapshot
| Median Home Value | $260,000 |
| Effective Property Tax Rate | 0.97% |
| Estimated Annual Property Tax | $2,522 |
| State Income Tax | Up to 4.7% (decreasing toward 4.5%) |
| Homestead Exemption | Missouri Property Tax Credit (Circuit Breaker) up to $1,100 for seniors and disabled |
| Avg Homeowners Insurance | $2,025/yr |
| Transfer & Recording Taxes | No state real estate transfer tax; deed recording fees only |
What Makes Buying in Missouri Different
Missouri offers Midwestern affordability with two major metros that have distinctly different markets. Kansas City has been one of the faster-growing US cities in recent years, while Saint Louis has more modest price growth and a lower median around $195,000. State income tax tops at 4.7%, with reductions scheduled toward 4.5%. The effective property tax rate is moderate at 0.97% on a median $260,000 home. Missouri does not provide a general homestead exemption, but the Missouri Property Tax Credit (commonly called the Circuit Breaker) provides up to $1,100 in property tax relief for senior citizens (65+) and disabled homeowners with income under $32,710 single. There is no state real estate transfer tax, only modest recording fees, keeping closing costs low. Insurance averages $2,025 with tornado and hail exposure being the primary drivers, especially in southwestern Missouri (Joplin) and across the central part of the state. Saint Louis has additional flood considerations near the Mississippi and Missouri river confluences.
Top Cities in Missouri
| City | Median Home Value |
|---|---|
| Kansas City | $245,000 |
| Saint Louis | $195,000 |
| Springfield | $215,000 |
| Independence | $175,000 |
| Columbia | $285,000 |
Missouri provides a property tax credit of up to $1,100 for renters and homeowners aged 65+ or totally disabled, with household income under $32,710 single or $37,000 married. The credit is claimed when filing state income tax (Form MO-PTC). It is a refundable credit, meaning eligible taxpayers receive the full amount even if they owe no state tax. Despite the name 'Circuit Breaker,' it does not cap property tax increases the way some other states do.
Kansas City (median $245,000) has been growing in population and home value, particularly in suburbs like Liberty, Lee's Summit, and Blue Springs. Saint Louis (median $195,000) has more modest growth and lower prices, though high-end suburbs like Clayton and Ladue see medians above $1 million. Both metros span state lines (Kansas and Illinois respectively), and cross-border tax considerations matter for buyers near the border.
Yes. Missouri is one of the few US states that taxes personal property including vehicles, boats, and certain business equipment annually. Personal property tax averages around 0.3% of assessed value statewide and is separate from real estate property tax. This affects total cost of ownership but does not factor into mortgage qualification.
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Mortgage Calculator
Estimate monthly mortgage payments including taxes, insurance, and PMI.