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$2,040$1,440
Mortgage Rate4.125%2.536%*2.939%*
Total interest paid
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,599$2,040$1,440
Mortgage Rate4.125%2.536%*2.939%*
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
drag me


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

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


Missouri mortgage and refinance rates today (APR)

Loan typeAverage
1 day
1 year
30-year fixed2.874%
15-year fixed2.686%
5/1 ARM2.946%

Today’s rate

30-year fixed

Current rates in Missouri are 2.874% for a 30-year fixed, 2.686% for a 15-year fixed, and 2.946% for a 5/1 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.


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.

See full article

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

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.