Mortgage on a $350K house in Missouri
$2,289 a month with 20% down — $1,884 principal and interest plus $231 property tax and $175 insurance.
Missouri's typical property tax is 0.79% of the home's value a year (U.S. average 0.9%), which adds $231 a month on a $350K home. The typical home in Missouri is worth $265,387, so $350K is 32% above the typical price.
$350K home in Missouri: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $70,000 | $280,000 | $1,884 | $0 | $406 | $2,289 | $98,100 |
| 10% down | $35,000 | $315,000 | $2,119 | $131 | $406 | $2,656 | $113,800 |
| 5% down | $17,500 | $332,500 | $2,237 | $139 | $406 | $2,781 | $119,200 |
| 3.5% down (FHA) | $12,250 | $343,661 | $2,312 | $155 | $406 | $2,872 | $123,100 |
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 $350K buy a typical home?
In these counties the typical home value is within 15% of $350K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Cass County | $341,122 | 0.86% | $2,308 |
| Warren County | $336,425 | 0.69% | $2,261 |
| Boone County | $328,757 | 0.85% | $2,307 |
| Saint Charles County | $372,123 | 1.08% | $2,375 |
| Stone County | $327,095 | 0.47% | $2,195 |
| Camden County | $323,721 | 0.47% | $2,195 |
| Christian County | $318,549 | 0.7% | $2,264 |
| Clay County | $318,510 | 1.07% | $2,370 |
| Lincoln County | $316,603 | 0.74% | $2,275 |
| Platte County | $389,181 | 1.05% | $2,364 |
111 of 113 Missouri counties tracked by Zillow have a typical home value at or below $350K. See all Missouri home prices.
Other prices in Missouri
Frequently asked questions
What is the mortgage on a $350K house in Missouri?
About $2,289 a month with 20% down at 7.11%: $1,884 principal and interest, $231 property tax and $175 insurance.
How much do I need to make to buy a $350K house in Missouri?
About $98,100 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $350K house in Missouri?
At Missouri's typical effective rate of 0.79%, about $2,766 a year. Rates vary by county and city — see the county pages.