Kansas mortgage calculator

This mortgage calculator will help you estimate the costs of your mortgage loan. Get a clear breakdown of your potential mortgage payments with taxes and insurance included.
Kansas housing market
Kansas, the Sunflower State, is among the more affordable states in the U.S. Kansans spend ~18% of their incomes on homes, which is less than the ~20% national average. While home prices are on average less than the U.S. national average, Kansas homeowners are benefiting from a continued rise in prices in recent years. The growth rate of Kansas' home prices is similar to the U.S. national average. Kansas City - and specifically the desirable suburbs within Johnson County - are leading the charge for Kansas. Kansas City's population has been growing rapidly in the past 10 years.
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30 year fixed loan term
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Total principal: $240,000
Loan Term
30-year fixed
Your Input
15-year fixed30-year fixed
Total Monthly Payment$2,114$2,476$2,016
Mortgage Rate7.5%6.115%*6.896%*
Total interest paid$364,121$127,236$328,799
* Data source: ©Zillow, Inc. 2006 – 2024. Use is subject to the Terms of Use
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Kansas mortgage and refinance rates today (APR)

ProductInterest rateAPR
30-year fixed-rate6.914%6.994%
20-year fixed-rate6.624%6.727%
15-year fixed-rate6.010%6.145%
10-year fixed-rate5.406%5.636%
7-year ARM7.251%7.791%
5-year ARM7.453%8.005%
30-year fixed-rate FHA6.140%6.904%
30-year fixed-rate VA5.812%6.192%

Data source: ©Zillow, Inc. 2006 – 2021. Use is subject to the Terms of Use

Today's rate

30-year fixed

Today’s mortgage rates in Kansas are 6.994% for a 30-year fixed, 6.145% for a 15-year fixed, and 8.005% for a 5-year adjustable-rate mortgage (ARM).

Getting ready to buy a home? We’ll find you a highly rated lender in just a few minutes.

Enter your ZIP code to get started on a personalized lender match.


First-time home buyer programs in Kansas

There are several national first-time home buyer programs that may be able to help you get into a home in Kansas.

Conventional mortgage

National program

What you need to know

Best for home buyers with good credit looking for low down payments or limited mortgage insurance premiums. A conventional mortgage is a home loan that isn’t guaranteed or insured by the federal government. Conventional mortgages that conform to the requirements set forth by Fannie Mae and Freddie...

See full article

Average property tax in Kansas counties

Taking U.S. Census data, NerdWallet has crunched the numbers to help you understand what property tax rate you can expect to pay on your future home in Kansas. Because assessed values aren’t frequently updated, you may pay a higher rate at first but eventually you’ll pay a similar rate.

CountyAvg. property tax rateAvg. home value
Allen County1.54%$78,600
Anderson County1.6%$88,200
Atchison County1.32%$92,900
Barber County1.14%$75,600
Barton County1.57%$87,600
Bourbon County1.43%$82,600
Brown County0.73%$83,900
Butler County1.62%$153,400
Chase County1.3%$85,200
Chautauqua County1.31%$63,300
Cherokee County1.16%$78,400
Cheyenne County1.32%$86,600
Clark County1.95%$76,400
Clay County1.43%$100,200
Cloud County1.59%$73,200
Coffey County1.1%$111,000
Comanche County1.38%$73,200
Cowley County1.41%$85,700
Crawford County1.19%$87,300
Decatur County1.6%$63,400
Dickinson County1.32%$110,700
Doniphan County1.3%$95,300
Douglas County1.26%$211,600
Edwards County1.42%$61,200
Elk County1.18%$48,300
Ellis County1.22%$159,400
Ellsworth County1.36%$88,500
Finney County1.42%$126,200
Ford County1.59%$108,400
Franklin County1.3%$121,700
Geary County1.37%$141,900
Gove County1.33%$78,900
Graham County1.46%$69,600
Grant County1.28%$102,800
Gray County1.43%$117,900
Greeley County1.79%$86,100
Greenwood County1.42%$61,100
Hamilton County1.67%$86,800
Harper County1.55%$66,700
Harvey County1.44%$120,200
Haskell County1.26%$102,600
Hodgeman County1.35%$86,700
Jackson County1.2%$128,100
Jefferson County1.33%$135,800
Jewell County1.28%$53,700
Johnson County1.22%$255,200
Kearny County1.18%$98,200
Kingman County1.4%$92,200
Kiowa County1.36%$133,800
Labette County1.34%$74,900
Lane County0.64%$76,400
Leavenworth County1.23%$177,600
Lincoln County1.9%$68,900
Linn County1.28%$89,400
Logan County1.07%$83,100
Lyon County1.47%$98,500
Marion County1.62%$81,300
Marshall County1.28%$93,400
McPherson County1.36%$140,300
Meade County1.26%$88,700
Miami County1.24%$181,100
Mitchell County1.63%$85,700
Montgomery County1.44%$74,000
Morris County1.39%$95,100
Morton County1.72%$97,700
Nemaha County1.01%$116,500
Neosho County1.55%$77,300
Ness County1.41%$70,500
Norton County1.52%$73,700
Osage County1.44%$107,200
Osborne County1.8%$61,300
Ottawa County1.35%$98,600
Pawnee County1.89%$75,600
Phillips County1.36%$76,900
Pottawatomie County1.1%$169,300
Pratt County1.24%$87,600
Rawlins County1.38%$81,700
Reno County1.69%$96,600
Republic County1.67%$60,500
Rice County1.56%$74,800
Riley County1.38%$200,900
Rooks County1.09%$75,400
Rush County1.41%$69,900
Russell County1.44%$90,100
Saline County1.33%$125,400
Scott County1.42%$135,900
Sedgwick County1.32%$141,600
Seward County1.72%$98,500
Shawnee County1.53%$131,100
Sheridan County1.38%$101,000
Sherman County1.39%$86,300
Smith County1.79%$66,200
Stafford County1.41%$61,800
Stanton County1.64%$71,900
Stevens County1.27%$110,000
Sumner County1.47%$86,800
Thomas County1.48%$114,000
Trego County1.57%$84,400
Wabaunsee County1.47%$111,900
Wallace County0.95%$88,300
Washington County1.48%$75,300
Wichita County1.62%$84,000
Wilson County1.17%$66,700
Woodson County1.77%$53,200
Wyandotte County1.63%$108,400

Source: American Communities Survey 2016, U.S. Census

How to calculate a mortgage payment

Under "Home price," enter the price (if you're buying) or the current value (if you're refinancing). NerdWallet also has a refinancing calculator.

Under "Down payment," enter the amount of your down payment (if you’re buying) or the amount of equity you have (if refinancing). A down payment is the cash you pay upfront for a home, and home equity is the value of the home, minus what you owe.

On desktop, under "Interest rate" (to the right), enter the rate. Under "Loan term," click the plus and minus signs to adjust the length of the mortgage in years.

On mobile devices, tap "Refine Results" to find the field to enter the rate and use the plus and minus signs to select the "Loan term."

You may enter your own figures for property taxes, homeowners insurance and homeowners association fees, if you don’t wish to use NerdWallet’s estimates. Edit these figures by clicking on the amount currently displayed.

The mortgage calculator lets you click "Compare common loan types" to view a comparison of different loan terms. Click "Amortization" to see how the principal balance, principal paid (equity) and total interest paid change year by year. On mobile devices, scroll down to see "Amortization."

Formula for calculating a mortgage payment

The mortgage payment calculation looks like this: M = P [ i(1 + i)^n ] / [ (1 + i)^n – 1]

The variables are as follows:

  • M = monthly mortgage payment

  • P = the principal amount

  • i = your monthly interest rate. Your lender likely lists interest rates as an annual figure, so you’ll need to divide by 12, for each month of the year. So, if your rate is 5%, then the monthly rate will look like this: 0.05/12 = 0.004167.

  • n = the number of payments over the life of the loan. If you take out a 30-year fixed rate mortgage, this means: n = 30 years x 12 months per year, or 360 payments.

How a mortgage calculator helps you

Determining what your monthly house payment will be is an important part of figuring out how much house you can afford. That monthly payment is likely to be the biggest part of your cost of living.

Using NerdWallet’s mortgage calculator lets you estimate your mortgage payment when you buy a home or refinance. You can change loan details in the calculator to run scenarios. The calculator can help you decide:

  • The home loan term length that’s right for you. 30-year fixed-rate mortgage lower your monthly payment, but you’ll pay more interest over the life of the loan. A 15-year fixed-rate mortgage reduce the total interest you'll pay, but your monthly payment will be higher. c

  • If an ARM is a good option. Adjustable-rate mortgages start with a "teaser" interest rate, and then the loan rate changes — higher or lower — over time. A 5/1 ARM can be a good choice, particularly if you plan on being in a home for just a few years. You’ll want to be aware of how much your monthly mortgage payment can change when the introductory rate expires, especially if interest rates are trending higher.

  • If you’re buying too much home. The mortgage payment calculator can give you a reality check on how much you can expect to pay each month, especially when considering all the costs, including taxes, insurance and private mortgage insurance.

  • If you’re putting enough money down. With minimum down payments commonly as low as 3%, it's easier than ever to put just a little money down. The mortgage payment calculator can help you decide what the best down payment may be for you.

How lenders decide how much you can afford to borrow

Mortgage lenders are required to assess your ability to repay the amount you want to borrow. A lot of factors go into that assessment, and the main one is debt-to-income ratio.

Your debt-to-income ratio is the percentage of pretax income that goes toward monthly debt payments, including the mortgage, car payments, student loans, minimum credit card payments and child support. Lenders look most favorably on debt-to-income ratios of 36% or less — or a maximum of $1,800 a month on an income of $5,000 a month before taxes.

Typical costs included in a mortgage payment

If your mortgage payment included just principal and interest, you could use a bare-bones mortgage calculator. But most mortgage payments include other charges as well. Here are the key components of the monthly mortgage payment:

  • Principal: This is the amount you borrow. Each mortgage payment reduces the principal you owe.

  • Interest: What the lender charges you to lend you the money. Interest rates are expressed as an annual percentage.

  • Property taxes: The annual tax assessed by a government authority on your home and land. You pay about one-twelfth of your annual tax bill with each mortgage payment, and the servicer saves them in an escrow account. When the taxes are due, the loan servicer pays them.

  • Homeowners insurance: Your policy covers damage and financial losses from fire, storms, theft, a tree falling on your house and other bad things. As with property taxes, you pay roughly one-twelfth of your annual premium each month, and the servicer pays the bill when it's due.

  • Mortgage insurance: If your down payment is less than 20% of the home’s purchase price, you’ll likely pay mortgage insurance. It protects the lender’s interest in case a borrower defaults on a mortgage. Once the equity in your property increases to 20%, the mortgage insurance is canceled, unless you have an FHA loan backed by the Federal Housing Administration.

Typically, when you belong to a homeowners association, the dues are billed directly, and it's not added to the monthly mortgage payment. Because HOA dues can be easy to forget, they're included in NerdWallet's mortgage calculator.

Reducing monthly mortgage payments

The mortgage calculator lets you test scenarios to see how you can reduce the monthly payments:

  • Extend the term (the number of years it will take to pay off the loan). With a longer term, your payment will be lower but you’ll pay more interest over the years. Review your amortization schedule to see the impact of extending your loan.

  • Buy less house. Taking out a smaller loan means a smaller monthly mortgage payment.

  • Avoid paying PMI. With a down payment of 20% or more, you won’t have to pay private mortgage insurance. Similarly, keeping at least 20% equity in the home lets you avoid PMI when you refinance.

  • Get a lower interest rate. Making a larger down payment can not only let you avoid PMI, but reduce your interest rate, too. That means a lower monthly mortgage payment.

Monthly mortgage payments can go up

Your monthly payment can go up over time if:

  • Property taxes or homeowners insurance premiums rise. These costs are included in most mortgage payments.

  • You incur a late payment fee from your mortgage loan servicer.

  • You have an adjustable-rate mortgage and the rate rises at the adjustment period.