Mortgage on a $300K house in Missouri
$1,962 a month with 20% down — $1,614 principal and interest plus $198 property tax and $150 insurance.
Missouri's typical property tax is 0.79% of the home's value a year (U.S. average 0.9%), which adds $198 a month on a $300K home. The typical home in Missouri is worth $265,387, so $300K is 13% above the typical price.
$300K home in Missouri: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $60,000 | $240,000 | $1,614 | $0 | $348 | $1,962 | $84,100 |
| 10% down | $30,000 | $270,000 | $1,816 | $113 | $348 | $2,276 | $97,600 |
| 5% down | $15,000 | $285,000 | $1,917 | $119 | $348 | $2,384 | $102,200 |
| 3.5% down (FHA) | $10,500 | $294,566 | $1,982 | $133 | $348 | $2,462 | $105,500 |
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 $300K buy a typical home?
In these counties the typical home value is within 15% of $300K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Clinton County | $292,081 | 0.81% | $1,968 |
| Jefferson County | $291,892 | 0.8% | $1,965 |
| Morgan County | $291,124 | 0.56% | $1,904 |
| Andrew County | $289,942 | 0.73% | $1,946 |
| Cole County | $285,878 | 0.77% | $1,957 |
| Saint Louis County | $285,675 | 1.2% | $2,066 |
| Johnson County | $284,128 | 0.66% | $1,930 |
| Lincoln County | $316,603 | 0.74% | $1,950 |
| Clay County | $318,510 | 1.07% | $2,031 |
| Christian County | $318,549 | 0.7% | $1,941 |
| Daviess County | $280,878 | 0.66% | $1,929 |
| Camden County | $323,721 | 0.47% | $1,881 |
103 of 113 Missouri counties tracked by Zillow have a typical home value at or below $300K. See all Missouri home prices.
Other prices in Missouri
Frequently asked questions
What is the mortgage on a $300K house in Missouri?
About $1,962 a month with 20% down at 7.11%: $1,614 principal and interest, $198 property tax and $150 insurance.
How much do I need to make to buy a $300K house in Missouri?
About $84,100 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $300K house in Missouri?
At Missouri's typical effective rate of 0.79%, about $2,371 a year. Rates vary by county and city — see the county pages.