Missouri mortgage calculator
Estimate your monthly payment for a home in Missouri, with property tax at the state average of 0.85% and home insurance included. Rates use the 7.4% national 30-year average from Freddie Mac (week of October 8, 2026).
Estimated monthly payment
- Loan amount
- $184,240
- Down payment
- $46,060
- Interest over 30 years
- $274,991
- Income needed (28% guideline)
- $64,951 a year
Estimate only. Mortgage insurance (PMI) is added when the down payment is under 20%. Real taxes, insurance and lender fees vary by property.
How this is calculated. Principal and interest use the standard fixed-rate loan formula. Property tax uses the Missouri average effective rate: the median real estate tax paid divided by the median home value. Home insurance is a general estimate that you can change.
Sources: Freddie Mac mortgage rate survey, week of October 8, 2026; U.S. Census Bureau American Community Survey, 2020–2024. Updated October 2026. Full methodology.
What a typical home costs per month in Missouri
A home valued at the Missouri median of $230,300 (the Census Bureau's figure for owner-occupied homes), bought with 20% down at 7.4% over 30 years, comes to about $1,516 a month. That is $1,276 in principal and interest, $163 in property tax and $77 in insurance.
Over a year that is 25.7% of the state's median household income of $70,702. Keeping housing costs near 28% of gross income would take a household income of about $64,951.
Property tax in Missouri
Missouri has the 23rd highest effective property tax rate of the 50 states at 0.85%, close to the typical state rate of 0.80%. The median Missouri homeowner pays $1,948 a year.
| Home price | Tax per year | Tax per month |
|---|---|---|
| $200,000 | $1,692 | $141 |
| $300,000 | $2,538 | $211 |
| $400,000 | $3,383 | $282 |
| $500,000 | $4,229 | $352 |
| $750,000 | $6,344 | $529 |
These figures apply the statewide average rate. Rates differ between counties and taxing districts, and some homes qualify for exemptions.
States with similar property tax rates
- Minnesota1.02% (20th highest)
- North Dakota0.99% (21st highest)
- Maryland0.97% (22nd highest)
- Oregon0.81% (24th highest)
- Washington0.81% (25th highest)
- Oklahoma0.80% (26th highest)
Questions about Missouri mortgage payments
What is the property tax rate in Missouri?
The average effective property tax rate in Missouri is 0.85%. Census Bureau data shows homeowners paid a median of $1,948 a year on homes with a median value of $230,300. Your own rate depends on your county, city and school district.
How much is the monthly mortgage payment on a median-value home in Missouri?
About $1,516 a month including property tax and insurance, assuming 20% down at 7.4% on a 30-year loan. Principal and interest alone come to $1,276.
How much income do I need to buy a home in Missouri?
A common guideline keeps housing costs under 28% of gross income. For the median-value home above, that works out to about $64,951 a year. Lenders also look at debts, credit score and savings, so your own number may differ.
Does this calculator include property tax and insurance?
Yes. It adds property tax at 0.85% of the home price and home insurance at 0.4% of the home price as a starting estimate. Change either number to match a real quote. Mortgage insurance is added automatically when the down payment is under 20%.
Last updated October 2026. See the methodology for sources and limits.