Indiana has approximately 6.8 million people, and about 72.7% of Indiana residents are homeowners as of 2020.
In addition, Indiana has the second-lowest average monthly mortgage payment in the country, at $980. With an average monthly household income of $5,993, homeowners in Indiana spend $179 less than the national average.
Using the MoneyGeek Indiana mortgage calculator is one of the best ways to get your mortgage estimate. MoneyGeek's mortgage calculator allows you to put in specific details about your home loan so that you can view, estimate and compare monthly payments under various scenarios. While the results from this calculator are estimates, they can give you an idea of whether you can afford the monthly payments or not.