Missouri Mortgage Calculator: Estimate Your Monthly Payment

Home Price:

Either enter the highest price you're willing to pay for a home or the loan amount you're seeking.

Down Payment:

A down payment is usually required for home financing. The cost is determined by the type of loan and the lender.

Interest Rate:

This is the interest rate charged by lenders every year on the money you borrowed. Rates are via MoneyGeek's daily mortgage rates report.

Loan Terms:

This is the length of time you'll have to pay back your mortgage loan. The average mortgage length is 15, 20 or 30 years.

Payments per Year:

The number of times you will pay your mortgage in a year. You will have 12 payments if you intend on making monthly payments.

Property Tax:

This is the annual tax you must pay to the local government depending on the home's purchase price. On average, Missouri residents pay $2,111 in property taxes each year.

HOA Fees:

You will have to pay monthly fees for upkeep and amenities if you live in a neighborhood with a homeowner's association (HOA).

Principal & Interest:

The total amount you borrowed plus the expense of repaying the lender for the loan.

Monthly Payment:

The entire amount owed every month, including principal, interest, property taxes and HOA dues.

Principal Payment:

This is the portion of the monthly payment that goes toward paying down the loan sum.

Interest Payment:

The amount charged by the lender for the mortgage loan based on the rate of interest is known as the interest payment.

Total Cost with Interest:

Based on all relevant factors, the total amount you will have to pay the lender.