Mortgage on a $150K house in Missouri
$981 a month with 20% down — $807 principal and interest plus $99 property tax and $75 insurance.
Missouri's typical property tax is 0.79% of the home's value a year (U.S. average 0.9%), which adds $99 a month on a $150K home. The typical home in Missouri is worth $265,387, so $150K is 43% below the typical price.
$150K home in Missouri: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $30,000 | $120,000 | $807 | $0 | $174 | $981 | $42,000 |
| 10% down | $15,000 | $135,000 | $908 | $56 | $174 | $1,138 | $48,800 |
| 5% down | $7,500 | $142,500 | $959 | $59 | $174 | $1,192 | $51,100 |
| 3.5% down (FHA) | $5,250 | $147,283 | $991 | $66 | $174 | $1,231 | $52,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.79% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Where in Missouri does $150K buy a typical home?
In these counties the typical home value is within 15% of $150K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Linn County | $152,065 | 0.72% | $972 |
| Reynolds County | $156,255 | 0.37% | $928 |
| Ripley County | $157,576 | 0.46% | $940 |
| Atchison County | $142,417 | 1.16% | $1,027 |
| Stoddard County | $157,987 | 0.66% | $964 |
| Gentry County | $141,201 | 0.93% | $999 |
| Iron County | $159,410 | 0.68% | $967 |
| Mercer County | $138,973 | 0.96% | $1,002 |
| Scott County | $161,604 | 0.62% | $960 |
| Wayne County | $132,332 | 0.52% | $948 |
| Oregon County | $168,276 | 0.55% | $951 |
| Carroll County | $168,905 | 0.79% | $981 |
12 of 113 Missouri counties tracked by Zillow have a typical home value at or below $150K. See all Missouri home prices.
Other prices in Missouri
Frequently asked questions
What is the mortgage on a $150K house in Missouri?
About $981 a month with 20% down at 7.11%: $807 principal and interest, $99 property tax and $75 insurance.
How much do I need to make to buy a $150K house in Missouri?
About $42,000 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $150K house in Missouri?
At Missouri's typical effective rate of 0.79%, about $1,186 a year. Rates vary by county and city — see the county pages.