❄️ Minnesota

Mortgage Calculator for Minnesota Home Buyers

Estimate Minnesota mortgage payments including property tax and insurance.

1.13%

Avg Property Tax

$280K

Median Home Price

6.50%

Avg Interest Rate

$2K

Avg Insurance/Year

Calculate Your Mortgage

Loan Amount ($)

Interest Rate (%)

Loan Term

Property Tax (% per year) - Optional

Home Insurance ($ per year) - Optional

Your Monthly Payment

Principal + Interest + Tax + Insurance

Principal & Interest

Property Tax

Home Insurance

Total Payments

Payment Breakdown

Loan Amount $0

Interest Rate 0%

Loan Term 0 Years

Monthly Payment $0

Total Interest Paid $0

Total Amount Paid $0

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Calculate Your Mortgage

Fill in the form and click calculate to see your results

About Minnesota Mortgages

Minnesota has higher-than-average property taxes, with steady home values across the state.

Minnesota Mortgage FAQs

What is the median home price in Minnesota?

The median home price in Minnesota is $280000.

What is the average property tax rate in Minnesota?

The average property tax rate in Minnesota is 1.13% per year.

How much do homeowners typically pay for insurance in Minnesota?

Homeowners insurance in Minnesota averages $1500 per year.

What is the current mortgage interest rate in Minnesota?

The current mortgage interest rate in Minnesota is approximately 6.50%.

Are property taxes in Minnesota higher or lower than the national average?

Property taxes in Minnesota are higher than the national average.

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