Missouri mortgage calculator

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

Missouri housing market

Missouri, the Show Me State, falls just out of the top 10 of most affordable states... for homeownership, with the median homeowner spending just over 18% of their income on their home. In 2018, Missouri saw average home value jump by almost 9%, with growth, albeit at a slower rate, predicted for 2019. Looking for a more urban lifestyle in a relatively rural state? Kansas City, and nearby Overland Park, rank in the top 30 cities for buying a home in their respective categories.

Your monthly payment
30 year fixed loan term
Monthly payment
Principal & interest


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$2,146$1,566
Mortgage Rate4.125%3.45%*3.89%*
Total interest paid
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,599$2,146$1,566
Mortgage Rate4.125%3.45%*3.89%*
Total interest paid

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

At year 0

30 year fixed loan term

Principal Paid
Interest Paid
Year 0
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We’ll share an interesting insight here for key milestones in your payoff schedule.

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Principal & interest


Missouri mortgage and refinance rates today (APR)

Loan typeAverage
1 day
1 year
30-year fixed3.82%
15-year fixed3.204%
5/1 ARM3.698%

Today’s rate

30-year fixed

Current rates in Missouri are 3.82% for a 30-year fixed, 3.204% for a 15-year fixed, and 3.698% for a 5/1 adjustable-rate mortgage (ARM).

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Missouri's first-time home buyer programs

The Missouri Housing Development Commission, or MHDC, offers several loan programs to help qualified first-time home buyers get a mortgage.

First Place Loan Program

State program

Review MHDC Lenders

at NerdWallet

Best for

Low mortgage rates

Down payment assistance

What you need to know

The First Place loan program comes in two varieties: with down payment assistance and without. The program without down payment assistance offers below-market interest rates on mortgages for first-time home buyers. Interest rates are usually a quarter to half a percentage point lower than rates of...

See full article

Missouri's best mortgage lenders

NerdWallet has done the work for you to pick the best financing partner for you in Missouri.

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Average property tax in Missouri 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 Missouri. 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
Adair County0.69%$117,700
Andrew County0.96%$136,400
Atchison County1.03%$82,000
Audrain County0.68%$95,800
Barry County0.66%$112,600
Barton County0.8%$97,500
Bates County0.62%$108,300
Benton County0.67%$114,600
Bollinger County0.6%$97,100
Boone County0.91%$181,900
Buchanan County0.83%$118,200
Butler County0.67%$104,600
Caldwell County0.83%$103,600
Callaway County0.75%$132,500
Camden County0.6%$176,300
Cape Girardeau County0.74%$158,300
Carroll County0.92%$81,800
Carter County0.61%$90,400
Cass County1.01%$172,100
Cedar County0.63%$92,700
Chariton County0.74%$81,300
Christian County0.78%$161,800
Clark County0.86%$85,000
Clay County1.3%$176,100
Clinton County0.9%$142,000
Cole County0.83%$162,600
Cooper County0.77%$128,900
Crawford County0.61%$116,100
Dade County0.77%$75,700
Dallas County0.55%$107,400
Daviess County0.79%$101,100
DeKalb County0.91%$111,600
Dent County0.61%$107,300
Douglas County0.49%$101,700
Dunklin County0.68%$69,500
Franklin County0.77%$165,800
Gasconade County0.71%$123,000
Gentry County1.15%$85,600
Greene County0.8%$148,000
Grundy County0.78%$85,100
Harrison County0.85%$72,800
Henry County0.81%$92,200
Hickory County0.49%$90,200
Holt County0.87%$93,700
Howard County0.78%$116,300
Howell County0.45%$102,200
Iron County0.66%$83,100
Jackson County1.31%$142,300
Jasper County0.78%$113,900
Jefferson County0.91%$162,500
Johnson County0.75%$147,000
Knox County0.85%$72,400
Laclede County0.54%$112,700
Lafayette County0.93%$122,600
Lawrence County0.7%$98,000
Lewis County0.79%$85,500
Lincoln County0.81%$154,100
Linn County0.7%$80,400
Livingston County0.84%$106,000
Macon County0.7%$89,000
Madison County0.78%$99,800
Maries County0.61%$122,800
Marion County0.82%$113,500
McDonald County0.58%$97,000
Mercer County1.1%$82,500
Miller County0.59%$126,500
Mississippi County0.85%$73,400
Moniteau County0.68%$118,400
Monroe County0.72%$103,100
Montgomery County0.86%$105,300
Morgan County0.7%$115,600
New Madrid County0.77%$74,500
Newton County0.57%$118,200
Nodaway County0.81%$117,800
Oregon County0.57%$87,200
Osage County0.66%$140,500
Ozark County0.49%$91,800
Pemiscot County0.99%$73,300
Perry County0.72%$131,900
Pettis County0.76%$111,400
Phelps County0.65%$126,100
Pike County0.7%$106,500
Platte County1.25%$219,000
Polk County0.67%$122,600
Pulaski County0.67%$141,700
Putnam County0.99%$84,500
Ralls County0.71%$126,000
Randolph County0.93%$93,800
Ray County0.83%$129,700
Reynolds County0.55%$90,300
Ripley County0.59%$87,800
Saline County0.82%$96,700
Schuyler County0.83%$72,500
Scotland County0.49%$82,000
Scott County0.71%$103,300
Shannon County0.42%$101,400
Shelby County0.87%$70,300
St. Charles County1.2%$220,100
St. Clair County0.83%$78,500
Ste. Genevieve County0.85%$148,800
St. Francois County0.77%$124,700
St. Louis city1.0%$141,400
St. Louis County1.27%$197,300
Stoddard County0.68%$91,300
Stone County0.5%$160,600
Sullivan County0.67%$77,700
Taney County0.65%$124,400
Texas County0.37%$105,800
Vernon County0.76%$97,100
Warren County0.84%$166,100
Washington County0.55%$90,400
Wayne County0.59%$72,700
Webster County0.61%$122,500
Worth County0.76%$60,600
Wright County0.48%$89,500

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

What’s included in a mortgage loan calculator?

A mortgage calculator used to look kind of like your grandfather’s cell phone. A bunch of buttons, a little screen and a lot of punching in numbers to get a result. The NerdWallet home mortgage calculator is different. It can calculate your monthly mortgage payment in no time.

Any good home mortgage calculator can do that. Even that big calculator stuffed in your grandpa’s shirt pocket. But an excellent mortgage payment calculator can do more. That’s why the NerdWallet monthly mortgage payment calculator also takes into account the additional costs — like taxes and insurance — that are included in your monthly payment. It’s called a PITI mortgage calculator, for principal, interest, taxes and insurance. We can also include HOA dues and PMI — private mortgage insurance — in your monthly payment calculation.

A lot of folks forget to include all those costs and are frankly a bit surprised when their monthly mortgage payment turns out to be a lot more than they counted on. The formula working behind the curtain of the NerdWallet mortgage calculator takes that bit of uncertainty out of the picture.

How to calculate your mortgage payment

For the paper and pencil mathletes out there, 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 to use a mortgage payment calculator

Determining what your monthly house payment will be is an important part of the “how much house can I afford?” decision. That monthly payment is likely to be the biggest part of your living overhead.

Using this tool to calculate your mortgage payment can help you run various scenarios in your decision process for buying a home. You may consider:

  • 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. Regardless of which term you choose, fixed-rate mortgages have interest rates that are locked in for the life of the loan.
  • 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 or so. You’ll want to be aware of how much your monthly mortgage payment can change, especially if interest rates are trending higher.
  • If you’re buying too much home. The NerdWallet mortgage payment calculator can help you take a reality check on just how much home you can afford, especially when considering your all-in costs, including taxes, insurance and PMI.
  • Are you putting enough money down? With minimum down payments commonly as low as 3% these days, 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 for you may be.

What are the monthly costs built into a monthly mortgage payment?

If your mortgage payment included just principal and interest, you could use a bare-bones mortgage calculator. But that’s rarely the case these days. There are a lot of costs that can be built into a monthly mortgage payment. Here are the five key components in play when you calculate mortgage payments:

  • Principal: Typically, this would be the home’s purchase price, less any down payment It’s the amount you borrow. If you’re buying a $500,000 home and put down $100,000, the principal would be $400,000.
  • Interest: What the lender charges you to loan 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.
  • 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.
  • Homeowners association (HOA) fee: This is paid by homeowners to an organization that assists with upkeep, property improvements and shared amenities.

Can I lower my monthly payment?

This is where a mortgage calculator can really bring some clarity to the home buying process: by helping you to work different payment scenarios.

Here are ways you can lower your monthly payment:

  • Extend the number of years for the loan. It’s called the loan term, something we mentioned above. As we said, your payment will be lower but you’ll be paying a lot more interest over the added years. Review your amortization schedule to see the impact of extending your loan.
  • Buy less house. Obviously, taking out a smaller loan means a smaller monthly mortgage payment.
  • Avoid paying PMI. By putting down 20% or more, you won’t have to pay private mortgage insurance. That can be another option to consider as you run “what ifs” in the mortgage calculator tool. However, if you’re looking at FHA loans, mortgage insurance can last for the entire length of the loan.
  • Get a better interest rate. Putting more money down not only can eliminate PMI, but lower your interest rate, too. That means a lower monthly mortgage payment. Shopping at least three lenders can also increase your odds of getting a better mortgage interest rate.

Can my monthly payment go up?

Now, you’ve calculated your monthly mortgage payment and you’ve got a number you’re happy with. What could make your payment go up from there:

  1. If you have an adjustable-rate mortgage, as we mentioned above.
  2. If costs included in your mortgage payment, such as property taxes or homeowners insurance premiums, go up. And they will, eventually.
  3. If your mortgage loan servicer charges a late payment fee.