Typical Kansas mortgage payment
The median home price in Kansas is roughly $230,000. Here's the estimated monthly principal & interest payment on that amount, by rate and term:
| Rate | 15-year | 30-year |
|---|---|---|
| 5.00% | $1,819 | $1,235 |
| 5.50% | $1,879 | $1,306 |
| 6.00% | $1,941 | $1,379 |
| 6.50% | $2,004 | $1,454 |
| 7.00% | $2,067 | $1,530 |
| 7.50% | $2,132 | $1,608 |
| 8.00% | $2,198 | $1,688 |
At 6.50% over 30 years, a $230,000 home in Kansas costs about $1,454/month in principal & interest.
What affects your Kansas payment?
- Property taxes & insurance vary by county and aren't included above.
- Down payment: 20% down avoids private mortgage insurance (PMI).
- Loan term: a 15-year loan saves enormous interest vs. 30 years.
Median price is an approximate estimate. Figures are principal & interest only and exclude taxes, insurance and fees. Not financial advice.