Mortgage on a $250K house in Missouri
$1,635 a month with 20% down — $1,345 principal and interest plus $165 property tax and $125 insurance.
Missouri's typical property tax is 0.79% of the home's value a year (U.S. average 0.9%), which adds $165 a month on a $250K home. The typical home in Missouri is worth $265,387, so $250K is 6% below the typical price.
$250K home in Missouri: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $50,000 | $200,000 | $1,345 | $0 | $290 | $1,635 | $70,100 |
| 10% down | $25,000 | $225,000 | $1,514 | $94 | $290 | $1,897 | $81,300 |
| 5% down | $12,500 | $237,500 | $1,598 | $99 | $290 | $1,986 | $85,100 |
| 3.5% down (FHA) | $8,750 | $245,472 | $1,651 | $111 | $290 | $2,052 | $87,900 |
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 $250K buy a typical home?
In these counties the typical home value is within 15% of $250K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Lafayette County | $248,526 | 0.73% | $1,623 |
| Jackson County | $247,543 | 1.12% | $1,703 |
| Maries County | $247,200 | 0.51% | $1,576 |
| Caldwell County | $246,003 | 0.8% | $1,638 |
| Taney County | $245,474 | 0.55% | $1,584 |
| Newton County | $244,970 | 0.63% | $1,602 |
| Greene County | $255,838 | 0.71% | $1,618 |
| Barry County | $242,990 | 0.53% | $1,580 |
| Cooper County | $242,786 | 0.66% | $1,607 |
| Cape Girardeau County | $242,411 | 0.64% | $1,605 |
| Ralls County | $258,256 | 0.73% | $1,623 |
| Moniteau County | $241,712 | 0.68% | $1,613 |
85 of 113 Missouri counties tracked by Zillow have a typical home value at or below $250K. See all Missouri home prices.
Other prices in Missouri
Frequently asked questions
What is the mortgage on a $250K house in Missouri?
About $1,635 a month with 20% down at 7.11%: $1,345 principal and interest, $165 property tax and $125 insurance.
How much do I need to make to buy a $250K house in Missouri?
About $70,100 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $250K house in Missouri?
At Missouri's typical effective rate of 0.79%, about $1,976 a year. Rates vary by county and city — see the county pages.