US mortgage calculator (all states)
Missouri remains one of the more affordable states for homeownership, with a median price near $245,000 in 2026. Effective property taxes average about 0.97% — roughly $2,380 per year on a typical home. St. Louis and Kansas City anchor the economy; both metros offer sub-$300,000 entry points in many neighborhoods. MHDC runs statewide down payment assistance for qualified buyers.
Current Rates (Freddie Mac PMMS)
30-Year Fixed: 15-Year Fixed: Rates verified Oct 21, 2026
Adjust values — results update instantly.
State: Missouri (median-style home price, tax, and insurance pre-filled — edit as needed)
Illustrative property tax and insurance — city vs county rates differ. Not a loan offer.
Dollar amount. PMI applies when under 20% of home price.
PMI is estimated at 0.5% of the loan amount per year when your down payment is below 20% of the purchase price.
Total monthly payment
$1,586
| Location | Median price | Notes |
|---|---|---|
| Missouri (state) | ~$245,000 | Illustrative median |
| St. Louis metro | ~$230,000–$320,000 | City vs county |
| Kansas City metro | ~$280,000–$350,000 | KS border comparisons |
| Springfield | ~$220,000–$280,000 | Ozarks hub |
| Columbia | ~$260,000+ | University town |
| Cost | Rate/amount | Notes |
|---|---|---|
| Property tax rate | ~0.97% effective | Near US average |
| Annual tax ($245k home) | ~$2,380 | ~$198/month |
| Conforming loan limit | $832,750 | Standard federal limit |
| Tornado / hail regions | May affect premiums | Shop insurance quotes |
| Home insurance | ~$1,200–$1,800/year | Varies by carrier |
MHDC’s First Place cash assistance can pair with FHA or conventional loans for eligible first-time buyers. Veterans may qualify for VA loans with no down payment. Low median prices mean smaller loan amounts and PMI drops off faster for buyers who put down less than 20%.
Missouri’s median home value is approximately $245,000 in 2026. St. Louis metro and Kansas City offer diverse inventory from sub-$200,000 starter homes to $400,000+ suburbs. Springfield, Columbia, and rural counties skew toward affordable Midwest pricing.
Missouri’s effective property tax rate is about 0.97% of home value — near the national average. On a $245,000 home, annual property taxes are roughly $2,380 (~$198/month in escrow). St. Louis City and certain districts may differ from county averages.
Missouri Housing Development Commission (MHDC) offers First Place down payment assistance and Next Step loans for eligible buyers, often combined with FHA or conventional financing through partner lenders. Income and purchase limits apply by region.
Missouri home prices are generally lower than Chicago-area Illinois and competitive with Kansas suburbs. Property taxes are moderate versus Illinois. Cross-border shoppers should compare insurance, income tax, and commute — use this calculator with local tax quotes for each side of the state line.
Educational estimates only. Not a mortgage offer or tax advice.