Minnesota Mortgage Calculator
Calculate your monthly mortgage payment using Minnesota's average home price and property tax rate. Pre-filled with current Minnesota data.
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Loan Details
$
0%50%
Estimated Monthly Payment
$2,198
Principal, Interest, Taxes, Insurance
Payment Breakdown
Principal & Interest$1,813
Property Tax (0.99%)$296
Homeowners Insurance$90
Total$2,198/mo
Loan Summary
Loan Amount$286,778
Total Interest Paid$365,770
Total Cost (P+I)$652,548
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Minnesota Mortgage Notes
The average home price in Minnesota is $358,473. This calculator uses Minnesota's average property tax rate of 0.99%.
The FHA loan limit in Minnesota is $472,030. If you're using the 3.5% FHA down payment option, ensure your loan amount stays within this limit.
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