Missouri Mortgage Calculator 2026
Calculate your monthly mortgage payment in Missouri. Updated with 2026 Missouri mortgage rates (6.2% avg), property tax (0.97%), and insurance. 10,000+ Missouri homebuyers use this free calculator.
How to Use This Missouri Mortgage Calculator
Enter your home price, down payment, and interest rate to instantly calculate your monthly mortgage payment in Missouri. Results include Principal & Interest (P&I), Property Tax, Homeowners Insurance, and total interest paid.
Missouri Mortgage Rates in 2026
The average mortgage rate in Missouri is currently 6.2% for a 30-year fixed-rate loan. Rates typically range from 5.9% to 6.5% depending on your credit score and down payment.
Missouri Property Taxes
Missouri has an effective property tax rate of approximately 0.97% per year, lower than the national average.
Average Home Price in Missouri
The median home price in Missouri is approximately $230,000. At 20% down ($46,000), your loan amount is $184,000. Monthly P&I at 6.2% is approximately $1,126.
30-Year vs 15-Year Mortgage in Missouri
| Loan Type | Monthly P&I | Total Interest |
|---|---|---|
| 30-Year Fixed @ 6.2% | $1,126 | $221,360 |
| 15-Year Fixed @ 6.2% | $1,572 | $98,960 |
Popular Cities in Missouri
Frequently Asked Questions
What is the average mortgage rate in Missouri?
As of 2026, average Missouri mortgage rates range from 5.9% to 6.5% for a 30-year fixed-rate loan.
How much down payment do I need in Missouri?
Most lenders require 3-20% down. Conventional loans need 5-20%, FHA loans accept as little as 3.5%.
Are property taxes high in Missouri?
Missouri has an effective property tax rate of approximately 0.97% annually.
What is PMI?
PMI is required if down payment is less than 20%. Once you reach 20% equity, you can request cancellation.
What documents do I need for a Missouri mortgage?
Pay stubs, W-2s or tax returns (2 years), bank statements (3 months), valid ID, and debt details.
How long does mortgage approval take in Missouri?
Mortgage approval in Missouri typically takes 30-45 days from application to closing.