Can I Afford a $100K Home in Missouri?
Complete mortgage breakdown for a $100,000 home in Missouri, including monthly payments, property taxes, insurance, and the salary you need to qualify.
Estimated Monthly Payment (20% down)
$785/mo
P&I: $526 + Tax: $76 + Insurance: $183
Monthly Payment by Down Payment
| Down Payment | Amount | Monthly | Income Needed |
|---|---|---|---|
| 3% | $3,000 | $937 | $40,149 |
| 5% | $5,000 | $923 | $39,550 |
| 10% | $10,000 | $888 | $38,053 |
| 20% | $20,000 | $785 | $33,630 |
Monthly Cost Breakdown (Missouri)
Principal & Interest
$526/mo
Property Tax (0.91%)
$76/mo
Homeowners Insurance
$183/mo
Total Interest (30-yr)
$109,195
Affordability Rules of Thumb
28% Rule (Housing)
$33,630/yr
Minimum gross income
36% Rule (All Debt)
$26,157/yr
If no other debt
3Ã Income Rule
$33,333/yr
Conservative target
Buying a $100K Home in Missouri
A $100,000 home in Missouri is at or below the national median home price. With a 20% down payment of $20,000, your estimated monthly payment of $785 is achievable on a salary of $33,630 or more. Missouri's property tax rate of 0.91% is near the national average.
These estimates assume a 6.875% 30-year fixed mortgage rate. Use our mortgage calculator for custom scenarios, or check what salary you can afford in Missouri.