Mortgage on a $200K house in Missouri
$1,308 a month with 20% down — $1,076 principal and interest plus $132 property tax and $100 insurance.
Missouri's typical property tax is 0.79% of the home's value a year (U.S. average 0.9%), which adds $132 a month on a $200K home. The typical home in Missouri is worth $265,387, so $200K is 25% below the typical price.
$200K home in Missouri: 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 | $232 | $1,308 | $56,100 |
| 10% down | $20,000 | $180,000 | $1,211 | $75 | $232 | $1,518 | $65,000 |
| 5% down | $10,000 | $190,000 | $1,278 | $79 | $232 | $1,589 | $68,100 |
| 3.5% down (FHA) | $7,000 | $196,378 | $1,321 | $88 | $232 | $1,641 | $70,300 |
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 $200K buy a typical home?
In these counties the typical home value is within 15% of $200K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Dade County | $199,292 | 0.62% | $1,279 |
| Macon County | $198,532 | 0.69% | $1,292 |
| Marion County | $198,277 | 0.82% | $1,314 |
| Knox County | $197,801 | 0.83% | $1,315 |
| Pettis County | $197,598 | 0.78% | $1,306 |
| Bollinger County | $197,155 | 0.58% | $1,272 |
| Shelby County | $196,909 | 0.86% | $1,320 |
| Saint Clair County | $204,249 | 0.61% | $1,279 |
| Hickory County | $204,845 | 0.41% | $1,245 |
| Texas County | $204,908 | 0.49% | $1,257 |
| Saline County | $194,286 | 0.78% | $1,307 |
| Lawrence County | $205,738 | 0.59% | $1,275 |
47 of 113 Missouri counties tracked by Zillow have a typical home value at or below $200K. See all Missouri home prices.
Other prices in Missouri
Frequently asked questions
What is the mortgage on a $200K house in Missouri?
About $1,308 a month with 20% down at 7.11%: $1,076 principal and interest, $132 property tax and $100 insurance.
How much do I need to make to buy a $200K house in Missouri?
About $56,100 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $200K house in Missouri?
At Missouri's typical effective rate of 0.79%, about $1,581 a year. Rates vary by county and city — see the county pages.