Mortgage Calculator & Closing Costs: Saint Paul, MN
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Saint Paul, Minnesota.
Median Home Price
$295K
Population
312K
Avg Monthly Rent
$1,380
Property Tax Rate
1.12% *
* Property tax shown is the Minnesota state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Saint Paul.
Saint Paul vs Minnesota Median
The median home price in Saint Paul is $295,000, which is 12% below the Minnesota state median of $335,000.
Mortgage Calculator — Saint Paul, MN
Pre-filled with Saint Paul median home price and Minnesota tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $295K home using Minnesota's 1.12% tax rate and $2,100/yr insurance.
5% Down
$2,385/mo
Down: $14,750
Loan: $280K
P&I: $1,771
Tax: $275
Insurance: $175
PMI: $163
10% Down
$2,283/mo
Down: $29,500
Loan: $266K
P&I: $1,678
Tax: $275
Insurance: $175
PMI: $155
20% Down (No PMI)
$1,942/mo
Down: $59,000
Loan: $236K
P&I: $1,492
Tax: $275
Insurance: $175
Income needed (28% rule): $83K/year with 20% down, $98K/year with 10% down.
Rent vs Buy in Saint Paul
Rent
$1,380/mo
vs
Buy (10% down)
$2,283/mo
Price-to-rent ratio: 17.8 — A ratio between 15-20 means the rent vs buy decision in Saint Paul depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Saint Paul is $295,000, 12% below the Minnesota state median of $335,000. With a population of 311,527, Saint Paul is a mid-size city where home prices tend to be more accessible than in many parts of Minnesota.
Property taxes in Minnesota average 1.12% annually. This moderate property tax rate means a $295,000 home in Saint Paul would carry roughly $275/month in property taxes. Homeowners insurance in Minnesota runs approximately $2,100 per year. This is within the normal range nationally.
Average rent in Saint Paul is $1,380/month. The price-to-rent ratio in Saint Paul is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Saint Paul presents moderate affordability. The $295K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Saint Paul.