Mortgage on a $200K house in Indiana
$1,299 a month with 20% down — $1,076 principal and interest plus $123 property tax and $100 insurance.
Indiana's typical property tax is 0.74% of the home's value a year (U.S. average 0.9%), which adds $123 a month on a $200K home. The typical home in Indiana is worth $257,165, so $200K is 22% below the typical price.
$200K home in Indiana: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $40,000 | $160,000 | $1,076 | $0 | $223 | $1,299 | $55,700 |
| 10% down | $20,000 | $180,000 | $1,211 | $75 | $223 | $1,509 | $64,700 |
| 5% down | $10,000 | $190,000 | $1,278 | $79 | $223 | $1,580 | $67,700 |
| 3.5% down (FHA) | $7,000 | $196,378 | $1,321 | $88 | $223 | $1,633 | $70,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.74% 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 Indiana does $200K buy a typical home?
In these counties the typical home value is within 15% of $200K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Martin County | $200,997 | 0.54% | $1,267 |
| Scott County | $198,374 | 0.65% | $1,284 |
| Vanderburgh County | $202,409 | 0.8% | $1,310 |
| Union County | $197,144 | 0.64% | $1,284 |
| Benton County | $203,022 | 0.77% | $1,305 |
| Greene County | $196,235 | 0.58% | $1,274 |
| Lawrence County | $206,294 | 0.6% | $1,276 |
| Fountain County | $191,904 | 0.59% | $1,275 |
| Wabash County | $191,091 | 0.52% | $1,263 |
| Howard County | $190,881 | 0.72% | $1,296 |
| Pulaski County | $190,877 | 0.45% | $1,252 |
| Henry County | $190,219 | 0.73% | $1,298 |
27 of 92 Indiana counties tracked by Zillow have a typical home value at or below $200K. See all Indiana home prices.
Other prices in Indiana
Frequently asked questions
What is the mortgage on a $200K house in Indiana?
About $1,299 a month with 20% down at 7.11%: $1,076 principal and interest, $123 property tax and $100 insurance.
How much do I need to make to buy a $200K house in Indiana?
About $55,700 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $200K house in Indiana?
At Indiana's typical effective rate of 0.74%, about $1,476 a year. Rates vary by county and city — see the county pages.