Mortgage Calculator for Minnesota
Pre-filled with Minnesota's average home price of $315000, property tax rate of 1.1%, and average insurance of $1700/year. Adjust any value below.
1 Loan Details
2 Monthly Costs (Minnesota averages pre-filled)
Include PMI
Required when down payment < 20%
Estimated Monthly Payment
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Enter your loan details to see your payment
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
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Minnesota Housing Market
Minnesota's Twin Cities metro offers a diversified economy with strong job growth in healthcare, finance, and technology. The state's cold climate contributes to relatively moderate home prices compared to other major metro markets.
Affordability in Minnesota
The Minneapolis-St. Paul metro is reasonably priced for a major US metro area. Outer suburbs and outstate Minnesota — Rochester, Duluth — offer entry-level opportunities well below $250,000 for qualified buyers.
Key Markets
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