United States · Missouri

Missouri mortgage calculator

Estimate your monthly payment in Missouri — principal & interest, property tax, and insurance — using the live national average rate and Missouri's estimated ~0.98% effective property tax rate. Adjust any figure below.

Affording a home in Missouri

Stretched

Median home price: $225,000
Income needed: $65,000; to qualify (28% rule, 20% down)
Typical household income: $63,000
Income gap: +$2,000

A median Missouri home costs $225k and needs $2k more annual income than the typical household earns.

Data as of 2026-06-30. Sources: Zillow ZHVI, U.S. Census ACS, Splitero. Median is a statewide figure — expensive cities and more affordable rural areas vary widely.

A single median income can qualify in Missouri — here's what that looks like

The typical Missouri household earns $63,000/year. To buy a median-priced home here, lenders generally want to see $65,000/year — which a single median income can cover. Missouri is one of the more accessible markets in the country right now.

The roles and income paths that commonly reach it in Missouri are listed below — some single high-earning roles, some two incomes combined.

Roles and income paths that commonly meet the income in Missouri

Nurse
Teacher
Government worker
Police officer

Pay varies widely by employer, experience, and city — these are paths that often (not always) reach the income needed, not a guarantee for any individual. Entries like “+ partner income” mean two incomes combined.

First-time buyer programs available in Missouri

MHDC First Place Loan
Missouri Down Payment Assistance

Programs and their terms change — verify current availability and eligibility with the official state housing agency before relying on any of these.

What makes Missouri legally different for homebuyers

Missouri allows nonjudicial foreclosure but also provides a 12-month post-sale redemption right in some residential cases — an unusual combination for a fast nonjudicial state. Missouri recently settled $138 million in mortgage relief to homeowners — sign of ongoing post-foreclosure-crisis issues in the state.

If you buy here

Missouri's first-time homebuyer savings account program allows a 50% state tax deduction on contributions. Open this account even before actively shopping — you can begin building the deduction while saving for a down payment.

Foreclosure: nonjudicial, ~2 mo
Post-sale redemption: 12 months (for residential properties in some cases)
Anti-deficiency protection: No

General overview only — laws change and individual situations vary. Consult a real estate attorney for advice specific to your purchase. (Verified 2026-06-30.)

A clean, printable one-page summary — free, no account needed.

Loan details

Understanding your numbers before you sign.

A mortgage is likely the largest financial commitment of your life. The Mortgage Ledger was built so you can explore what that commitment actually looks like — payment by payment, line by line — before you're sitting across from a lender.

Rates sourced from FRED (Federal Reserve Bank of St. Louis). Estimates only — not a loan offer.

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