Illinois Mortgage Calculator
Estimate your monthly mortgage payment in Illinois based on the state median home price of $270K, a 2.07% property tax rate, and $2K/year homeowners insurance.
$54,000
IL avg
Principal & Interest
$1,365
per month
Taxes & Insurance
$624
per month
Total Interest Paid
$275K
over 30 years
Total Loan Cost
$491K
all payments
Payment Breakdown
Loan Amount$216,000
Principal & Interest$1,365
Property Taxes$466
Homeowners Insurance$158
Total Monthly PITI$1,989
Illinois Housing at a Glance
Median Home Price
$270K
Illinois statewide
Property Tax Rate
2.07%
$466/mo on median
Avg Closing Costs
$5K
2.0% of purchase price
Homeowners Insurance
$1,900/yr
$158/mo
Illinois First-Time Buyer Program
IHDA 1stHomeIllinois
Down payment assistance: $7,500 forgivable loan