Mortgage on a $400K house in Missouri
$2,616 a month with 20% down — $2,153 principal and interest plus $263 property tax and $200 insurance.
Missouri's typical property tax is 0.79% of the home's value a year (U.S. average 0.9%), which adds $263 a month on a $400K home. The typical home in Missouri is worth $265,387, so $400K is 51% above the typical price.
$400K home in Missouri: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $80,000 | $320,000 | $2,153 | $0 | $463 | $2,616 | $112,100 |
| 10% down | $40,000 | $360,000 | $2,422 | $150 | $463 | $3,035 | $130,100 |
| 5% down | $20,000 | $380,000 | $2,556 | $158 | $463 | $3,178 | $136,200 |
| 3.5% down (FHA) | $14,000 | $392,755 | $2,642 | $177 | $463 | $3,282 | $140,700 |
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 $400K buy a typical home?
In these counties the typical home value is within 15% of $400K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Platte County | $389,181 | 1.05% | $2,702 |
| Saint Charles County | $372,123 | 1.08% | $2,714 |
| Cass County | $341,122 | 0.86% | $2,638 |
113 of 113 Missouri counties tracked by Zillow have a typical home value at or below $400K. See all Missouri home prices.
Other prices in Missouri
Frequently asked questions
What is the mortgage on a $400K house in Missouri?
About $2,616 a month with 20% down at 7.11%: $2,153 principal and interest, $263 property tax and $200 insurance.
How much do I need to make to buy a $400K house in Missouri?
About $112,100 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $400K house in Missouri?
At Missouri's typical effective rate of 0.79%, about $3,161 a year. Rates vary by county and city — see the county pages.