Kansas mortgage calculator

Use our free mortgage calculator to estimate your monthly mortgage payment, includi...ng your principal and interest, taxes, insurance, and PMI in Kansas. See how your monthly payment changes by making updates to your home price, down payment, interest rate, and loan term.

Kansas housing market

Kansas, the Sunflower State, is among the more affordable states in the U.S. Kansan...s 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.

Your monthly payment
$1,599
30 year fixed loan term
Monthly payment
Principal & interest

$1,163

Property taxes

Homeowners insurance

Homeowners association (HOA) fees

Compare common loan types

Total principal: $240,000

Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,599$2,062$1,492
Mortgage Rate4.125%2.725%*3.336%*
Total interest paid
$178,737
$52,651
$140,108
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,599$2,062$1,492
Mortgage Rate4.125%2.725%*3.336%*
Total interest paid
$178,737
$52,651
$140,108
Amortization

See how your payments change over time for your 30 year fixed loan term

At year 0

30 year fixed loan term

Remaining
$240,000
Principal Paid
$0
Interest Paid
$0
Year 0
drag me
1
30
Years

Insights

We’ll share an interesting insight here for key milestones in your payoff schedule.

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See latest mortgage rates
Get personalized mortgage rates from San Francisco, CA.
Principal & interest

$1,163

Kansas mortgage and refinance rates today (APR)

Loan typeAverage
rate
Change
1 day
Change
1 year
30-year fixed3.471%
0.071%
0.759%
15-year fixed2.74%
0.005%
1.01%
5/1 ARM3.115%
0.104%
1.575%

Today’s rate

3.471%
30-year fixed

Current rates in Kansas are 3.471% for a 30-year fixed, 2.74% for a 15-year fixed, and 3.115% for a 5/1 adjustable-rate mortgage (ARM).

Find top real estate agents in Kansas

Start building your winning home buying team! Our partner, HomeLight, analyzes millions of home sales to identify the best performing agent.

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 do I calculate my 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 the down payment (if you're buying) or the amount of equity you have (if refinancing).

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 also 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."

What's the 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 can a mortgage calculator help me?

Determining what your monthly house payment will be is an important part of answering the question "how much house can I afford?" That monthly payment is likely to be the biggest part of your cost of living.

Using this tool to calculate your mortgage payment can help you run scenarios as you buy a home or consider a refinance. It can help you decide:

  • How long of a home loan term is right for you? A 30-year fixed-rate mortgage will lower your monthly payment, but you’ll pay more interest over the life of the loan. A 15-year fixed-rate mortgage can reduce the total interest you'll pay, but your monthly payment will be higher.
  • Is an ARM 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.
  • Are you 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.
  • Are you 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.

What costs are included in a monthly 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.

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.

Can I reduce my monthly payment?

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.

Can my monthly payment go up?

Yes, your monthly payment can go up over time:

  1. If property taxes or homeowners insurance premiums rise. These costs are included in most mortgage payments.
  2. If you incur a late payment fee from your mortgage loan servicer.
  3. If you have an adjustable-rate mortgage and the rate rises at the adjustment period.