Missouri variant. This is a Missouri-specific version of the Mortgage Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Mortgage Calculator.
With a median home value of $230,000 and an effective property tax rate of 0.97%, a typical Missouri mortgage payment combines principal, interest, taxes, and insurance into a meaningfully different number than the sticker price suggests.
What drives a Missouri mortgage payment
On the $230,000 median home with 20% down ($46,000), you'd finance about $184,000. At an illustrative 6.5% 30-year fixed rate, the principal-and-interest payment is roughly $1,163/month.
Missouri's 0.97% effective property tax adds about $186/month, and homeowners insurance plus any PMI push the all-in payment higher still. Enter your real price, rate, and down payment above for an exact figure.
About taxes and housing in Missouri
Missouri has a graduated income tax with a low top rate, and some cities impose a local earnings tax.
Missouri property taxes are near the national average and include a personal property tax on vehicles.
Missouri's economy centers on transportation, agriculture, and manufacturing, anchored by the St. Louis and Kansas City metro areas.
Worked example: $230,000 home in Missouri
Price $230,000, 20% down ($46,000), loan $184,000 at 6.5% for 30 years → P&I ≈ $1,163/mo. Add property tax ≈ $186/mo (0.97% of value ÷ 12). Total before insurance ≈ $1,349/mo.
Quick reference
- State income tax: 2-4.8% across 8 brackets
- State sales tax: 4.225% (plus 4.13% avg local)
- Median home value: $230,000
- Median household income: $65,920
- Effective property tax rate: 0.97%
- Avg auto insurance: $1,700/yr
Frequently Asked Questions
How much is a mortgage on a $230,000 Missouri home?
With 20% down at 6.5% over 30 years, principal and interest run about $1,163/month, before Missouri's 0.97% property tax and insurance.
What is the property tax rate in Missouri?
Missouri's effective property tax rate is about 0.97% of home value per year.