Mortgage Calculator for Indiana

Pre-filled with Indiana's average home price of $230000, property tax rate of 0.86%, and average insurance of $1600/year. Adjust any value below.

1 Loan Details

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2 Monthly Costs (Indiana averages pre-filled)

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Required when down payment < 20%

Estimated Monthly Payment

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Principal & Interest
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Property Tax
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Home Insurance
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HOA Fees
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Total Interest Paid

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Over loan lifetime

Total Cost

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Principal + interest

Loan Amount

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Amount financed

Down Payment

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Of home price

Monthly Payment Breakdown

Balance Over Time

Rate Comparison

How your payment changes with different interest rates

Rate Scenario Monthly P&I Total Interest
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Amortization Schedule

Full month-by-month payment breakdown

Indiana Housing Market

Indiana offers some of the lowest home prices in the Midwest with moderate property taxes. Indianapolis has seen above-average appreciation driven by strong population growth and a diversifying tech and life sciences economy.

Average Home Price $230000
Effective Property Tax Rate 0.86%
Avg Annual Property Tax $1978
Avg Annual Insurance $1600

Affordability in Indiana

Indiana is one of the most affordable states for home buyers nationally. Buyers earning $55,000–$65,000 can typically afford a median-priced Indiana home. Carmel and Fishers suburbs command premiums but remain affordable nationally.

Key Markets

Indianapolis Fort Wayne Evansville South Bend Carmel

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