Missouri Mortgage Calculator 2026

Calculate your monthly mortgage payment for a home in Missouri (MO). The median home price in Missouri is $258,000, with an effective property tax rate of 0.88% (ranked #23 nationally). Use our free calculator to compare FHA, VA, USDA, and conventional loan options with real Missouri data.

Missouri Property Tax Information

Missouri has an effective property tax rate of 0.88%, ranking #23 among all 50 states. The median annual property tax is $1,887 ($157/month). Source: Tax Foundation 2025.

Missouri Loan Limits 2026

FHA loan limit in Missouri: $524,225 (floor) to $524,225 (ceiling for high-cost areas). Conforming loan limit: $806,500 (baseline) to $806,500 (ceiling).

Estimated Monthly Payment in Missouri

For a median-priced home of $258,000 with 20% down ($51,600), at 6.5% interest over 30 years: estimated monthly principal and interest is $1,305, plus $157 in property taxes and approximately $125 in homeowner's insurance, for a total estimated payment of approximately $1,587/month.

Missouri Closing Costs

Average closing costs in Missouri are $1,740 (0.6% of purchase price), ranked #49 nationally. Missouri does not charge a transfer tax. Source: Bankrate/LodeStar 2025.

Missouri Housing Market 2026

Home prices in Missouri have increased 3.8% year-over-year. Average days on market: 35. Inventory level: moderate. Currently considered a buyer's market.

Down Payment Assistance Programs in Missouri

Missouri offers 3 down payment assistance programs through Missouri Housing Development Commission (MHDC):

  • First Place Loan Program (forgivable loan): Forgivable over 5 years. Competitive first mortgage rates. - Up to Up to 4% of loan amount
  • Cash Assistance Loan (second mortgage): 0% interest, deferred payment second mortgage. - Up to Up to $5,000
  • Next Step Program (forgivable loan): For buyers who've owned before but meet income limits. - Up to Up to 4% of purchase price

Contact MHDC: https://www.mhdc.com | Phone: 816-759-6600

Did You Know About Missouri?

  • Missouri has the 3rd lowest closing costs in the nation
  • No transfer tax on real estate transactions
  • Kansas City metro spans both Missouri and Kansas
  • St. Louis offers excellent affordability vs. other major metros

Frequently Asked Questions About Buying a Home in Missouri

What is the average property tax rate in Missouri?

The effective property tax rate in Missouri is 0.88%, with a median annual tax of $1,887. This ranks #23 among all states.

What are the FHA loan limits in Missouri for 2026?

The FHA loan floor in Missouri is $524,225 and the ceiling is $524,225 for high-cost areas. The conforming loan limit baseline is $806,500.

How much are closing costs in Missouri?

Average closing costs in Missouri are $1,740, which is approximately 0.6% of the purchase price.

Are there first-time homebuyer programs in Missouri?

Yes, Missouri offers 3 down payment assistance programs through Missouri Housing Development Commission, including grants, forgivable loans, and second mortgages.

Is Missouri a good place to buy a home in 2026?

With a median home price of $258,000 and moderate inventory, Missouri is currently a buyer's market. Home prices have increased 3.8% over the past year.

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Data last updated: 2025-11. This information is for educational purposes only and should not be considered financial advice.