Home and mortgage

Indiana Mortgage Calculator

Your monthly mortgage payment in Indiana, with Indiana's effective property tax rate (0.74%) built in, at this week's average rate. The calculator starts at the state's median home value, $218,200.

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Home priceDown paymentInterest rateStarts at this week's national averageLoan termProperty taxA year, as a share of the price; about 1% is typical, varying widely by countyHome insurance a yearMortgage insurance (PMI)A year, on the loan, only below 20% downHOA dues a month

Monthly payment$1,482.55The answer

Monthly payment

$1,482.55

A $218,000 home with 20% down ($174,400 borrowed) at 7.18% over 30 years costs about $1,483 a month: $1,181 principal and interest plus $301 of tax, insurance and dues.

Principal and interest: $1,181.45
Tax, insurance, PMI and HOA: $301.10
Total interest over the loan: $250,921

Amortization by year: $174,400 at 7.18%

Year	Interest	Principal	Balance
1	$12,466.34	$1,711.02	$172,688.98
2	$12,339.37	$1,837.99	$170,850.99
3	$12,202.97	$1,974.39	$168,876.61
4	$12,056.45	$2,120.91	$166,755.70
5	$11,899.05	$2,278.30	$164,477.39
6	$11,729.98	$2,447.38	$162,030.02
7	$11,548.36	$2,629.00	$159,401.02
8	$11,353.26	$2,824.10	$156,576.92
9	$11,143.68	$3,033.68	$153,543.24
10	$10,918.55	$3,258.81	$150,284.43
11	$10,676.71	$3,500.65	$146,783.79
12	$10,416.93	$3,760.43	$143,023.36
13	$10,137.86	$4,039.49	$138,983.86
14	$9,838.09	$4,339.27	$134,644.60
15	$9,516.07	$4,661.29	$129,983.31
16	$9,170.15	$5,007.20	$124,976.11
17	$8,798.57	$5,378.79	$119,597.32
18	$8,399.40	$5,777.95	$113,819.36
19	$7,970.62	$6,206.74	$107,612.62
20	$7,510.01	$6,667.35	$100,945.28
21	$7,015.22	$7,162.13	$93,783.14
22	$6,483.72	$7,693.64	$86,089.50
23	$5,912.77	$8,264.59	$77,824.92
24	$5,299.45	$8,877.91	$68,947.01
25	$4,640.61	$9,536.74	$59,410.26
26	$3,932.89	$10,244.47	$49,165.79
27	$3,172.64	$11,004.72	$38,161.07
28	$2,355.97	$11,821.39	$26,339.69
29	$1,478.70	$12,698.66	$13,641.03
30	$536.32	$13,641.03	$0.00

Download the schedule (CSV)

This week's mortgage rates

Monthly payment in Indiana by home price (20% down, 7%, 30 years, 0.74% tax, $2,000 insurance)

Home price	Principal and interest	Property tax	Total
$110,000	$585	$68	$820
$160,000	$852	$99	$1,117
$220,000	$1,171	$136	$1,473
$330,000	$1,756	$204	$2,127
$440,000	$2,342	$271	$2,780

How this calculator works

As the mortgage calculator, with Indiana's effective property tax rate from the Census Bureau's American Community Survey 2020–2024 5-year estimates: median taxes $1,614 ÷ median value $218,200.

Questions people ask

What is the mortgage payment on a median home in Indiana?

On $218,200 with 20% down at 7% over 30 years: about $1,161 principal and interest and $135 of property tax, $1,463 a month with $2,000 a year of insurance.

What is the median home value in Indiana?

$218,200 for owner-occupied homes (Census American Community Survey 2020–2024 5-year estimates), against $332,700 nationally.

How much is property tax in Indiana?

The effective rate is 0.74%, a median $1,614 a year. See Indiana's property tax page for every county we cover.

How much income do I need for a median Indiana home?

Under the 28% guideline, about $62,682 a year for the payment above; Indiana's median household income is $71,957.

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Sources

Updated Sep 30, 2026 by the RateHerald team. The maths is tested against worked examples; report a problem.