Typical Missouri mortgage payment
The median home price in Missouri is roughly $250,000. Here's the estimated monthly principal & interest payment on that amount, by rate and term:
| Rate | 15-year | 30-year |
|---|---|---|
| 5.00% | $1,977 | $1,342 |
| 5.50% | $2,043 | $1,419 |
| 6.00% | $2,110 | $1,499 |
| 6.50% | $2,178 | $1,580 |
| 7.00% | $2,247 | $1,663 |
| 7.50% | $2,318 | $1,748 |
| 8.00% | $2,389 | $1,834 |
At 6.50% over 30 years, a $250,000 home in Missouri costs about $1,580/month in principal & interest.
What affects your Missouri 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.