Minnesota Mortgage Calculator
Estimate your monthly mortgage payment in Minnesota based on the state median home price of $335K, a 1.12% property tax rate, and $2K/year homeowners insurance.
$67,000
MN avg
Principal & Interest
$1,694
per month
Taxes & Insurance
$488
per month
Total Interest Paid
$342K
over 30 years
Total Loan Cost
$610K
all payments
Payment Breakdown
Loan Amount$268,000
Principal & Interest$1,694
Property Taxes$313
Homeowners Insurance$175
Total Monthly PITI$2,182
Minnesota Housing at a Glance
Median Home Price
$335K
Minnesota statewide
Property Tax Rate
1.12%
$313/mo on median
Avg Closing Costs
$5K
1.4% of purchase price
Homeowners Insurance
$2,100/yr
$175/mo
Minnesota First-Time Buyer Program
Minnesota Housing Start Up
Down payment assistance: Up to $18,000 deferred loan