Calculate Your Missouri Mortgage Payment
Our calculator is pre-filled with Missouri's median home price and property tax rate. Adjust the numbers to match your situation.
Open Calculator with MO DefaultsMonthly Payment Breakdown for Missouri
Here's what your monthly payment looks like on the median Missouri home ($271,597) with 20% down at 6.67%, the current average 30-year rate:
Note: This estimate assumes 20% down payment ($54,319), no PMI. With less than 20% down, add $91-$181/month for PMI.
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Missouri Property Taxes
Missouri's effective property tax rate is 0.88%, which is below the national average of 0.89%. See how property taxes are calculated and how they compare across states.
Annual Property Tax on $271,597 Home
$2,390
($199/month escrowed)
Buying a Home in Missouri: Key Facts
- Property tax rate of 0.88% is below national average
- Affordable median home price of $268,000
- St. Louis and Kansas City metros offer diverse housing options
- MHDC cash assistance can be used for down payment or closing costs
Mortgage Calculators for Nearby States
Comparing homes across state lines? Check property taxes and home prices in neighboring states:
Missouri First-Time Homebuyer Programs
Missouri has 45 homebuyer assistance programs that can help with down payment and closing costs.
MHDC First Place Loan
Below-market rates with up to 5% cash assistance
Deferred LoanMHDC Next Step Program
For repeat buyers, 4% cash assistance available
Deferred LoanMortgage Credit Certificate
Up to 25% of mortgage interest as annual tax credit
Tax CreditEligibility requirements typically include income limits, credit score minimums (usually 620+), and homebuyer education courses. Visit DownPaymentResource.com to search for programs you may qualify for.
Major Cities in Missouri
Home prices and property taxes can vary significantly by city. The median home value of $271,597 is a statewide estimate.
Missouri Mortgage FAQ
What is the property tax rate in Missouri?
The average effective property tax rate in Missouri is 0.88%. On a $271,597 home, that's approximately $2,390 per year or $199 per month added to your mortgage payment.
What is the median home value in Missouri?
The median home value in Missouri is $271,597 as of 2026-06-01. Prices vary by location - Kansas City and St. Louis typically have higher prices than rural areas.
Are there first-time homebuyer programs in Missouri?
Yes, Missouri has 45 homebuyer assistance programs. Popular options include MHDC First Place Loan, which offers below-market rates with up to 5% cash assistance.
How much do I need to buy a house in Missouri?
For the median Missouri home ($271,597), you'd need $54,319 for a 20% down payment, plus $8,148-$13,580 for closing costs. With down payment assistance, you could potentially buy with as little as $9,506 (3.5% FHA down payment).
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Calculate Your MO Mortgage Payment