Indiana Mortgage Calculator
Indiana has the 22nd-lowest effective property tax rate of the 50 states at 0.76% — $390 less a year than the 0.91% state average on a $260,000 home. Homeowners insurance averages $2,887 a year, the 20th-highest premium nationally and $167 more than the typical state.
All 92 Indiana counties use the $832,750 baseline conforming limit for 2026, so any one-unit loan above it is a jumbo loan. FHA limits run from $541,287 to $832,750 by county.
On a $260,000 home, property tax and insurance add $405 a month in Indiana, compared with $471 in Ohio, $497 in Kentucky, $502 in Michigan, $628 in Illinois.
Loan Parameters
Total Monthly Payment
$2,107
Principal & Interest + Taxes + Insurance
APR 7.488%
Total Interest
$328,145
Total Cost
$722,075
Advanced Parameters
Private Mortgage Insurance (PMI)
Your down payment is below 20%. PMI is estimated at 0.72% annually and is removed here when your LTV reaches 80%.
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
Feb 2035
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | PMI | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $18,738 | $2,363 | $16,375 | $1,685 | $231,637 | $28,363 |
| Year 2 | $18,738 | $2,535 | $16,203 | $1,685 | $229,102 | $30,898 |
| Year 3 | $18,738 | $2,719 | $16,019 | $1,685 | $226,383 | $33,617 |
| Year 4 | $18,738 | $2,916 | $15,822 | $1,685 | $223,466 | $36,534 |
| Year 5 | $18,738 | $3,128 | $15,610 | $1,685 | $220,338 | $39,662 |
| Year 6 | $18,738 | $3,355 | $15,383 | $1,685 | $216,983 | $43,017 |
| Year 7 | $18,738 | $3,599 | $15,139 | $1,685 | $213,384 | $46,616 |
| Year 8 | $18,738 | $3,860 | $14,878 | $1,685 | $209,523 | $50,477 |
| Year 9 | $18,738 | $4,141 | $14,598 | $562 | $205,383 | $54,617 |
| Year 10 | $18,738 | $4,441 | $14,297 | — | $200,942 | $59,058 |
| Year 11 | $18,738 | $4,764 | $13,975 | — | $196,178 | $63,822 |
| Year 12 | $18,738 | $5,110 | $13,629 | — | $191,068 | $68,932 |
| Year 13 | $18,738 | $5,481 | $13,258 | — | $185,588 | $74,412 |
| Year 14 | $18,738 | $5,879 | $12,860 | — | $179,709 | $80,291 |
| Year 15 | $18,738 | $6,305 | $12,433 | — | $173,404 | $86,596 |
| Year 16 | $18,738 | $6,763 | $11,975 | — | $166,641 | $93,359 |
| Year 17 | $18,738 | $7,254 | $11,484 | — | $159,386 | $100,614 |
| Year 18 | $18,738 | $7,781 | $10,957 | — | $151,605 | $108,395 |
| Year 19 | $18,738 | $8,346 | $10,392 | — | $143,259 | $116,741 |
| Year 20 | $18,738 | $8,952 | $9,786 | — | $134,307 | $125,693 |
| Year 21 | $18,738 | $9,602 | $9,136 | — | $124,705 | $135,295 |
| Year 22 | $18,738 | $10,299 | $8,439 | — | $114,406 | $145,594 |
| Year 23 | $18,738 | $11,047 | $7,691 | — | $103,359 | $156,641 |
| Year 24 | $18,738 | $11,849 | $6,889 | — | $91,510 | $168,490 |
| Year 25 | $18,738 | $12,710 | $6,029 | — | $78,800 | $181,200 |
| Year 26 | $18,738 | $13,632 | $5,106 | — | $65,168 | $194,832 |
| Year 27 | $18,738 | $14,622 | $4,116 | — | $50,545 | $209,455 |
| Year 28 | $18,738 | $15,684 | $3,054 | — | $34,861 | $225,139 |
| Year 29 | $18,738 | $16,823 | $1,916 | — | $18,039 | $241,961 |
| Year 30 | $18,733 | $18,039 | $694 | — | $0 | $260,000 |
Indiana mortgage data
- Typical home value
- $260,095
- Zillow ZHVI, August 31, 2026 (U.S. $368,697)
- Effective property tax rate
- 0.76%
- $1,976/yr on a $260,000 home
- Average homeowners insurance
- $2,887/yr
- $241/mo
- 2026 conforming loan limit
- $832,750
- 92 counties
- High-cost counties
- 0
- None — baseline limit statewide
- 2026 FHA loan limit (1-unit)
- $541,287 – $832,750
- Varies by county — confirm on HUD
- Current 30-yr / 15-yr fixed average
- 7.03% / 6.42%
- Freddie Mac PMMS, September 24, 2026
How much house can you afford in Indiana?
Highest price where principal, interest, Indiana property tax, insurance and PMI stay within 28% of gross income —10% down, 30-year fixed at 7.03%. Other debts lower these numbers.
| Household income | Housing budget / mo | Max home price | Down payment | vs typical home |
|---|---|---|---|---|
| $50,000 | $1,167 | $128,000 | $12,800 | 49% |
| $75,000 | $1,750 | $210,000 | $21,000 | 81% |
| $100,000 | $2,333 | $291,000 | $29,100 | 112% |
| $125,000 | $2,917 | $372,000 | $37,200 | 143% |
| $150,000 | $3,500 | $454,000 | $45,400 | 175% |
| $200,000 | $4,667 | $616,000 | $61,600 | 237% |
| $250,000 | $5,833 | $779,000 | $77,900 | 300% |
Indiana mortgage payment by loan amount
30-year fixed at 7.03%, 20% down, with Indiana property tax and insurance on the matching home price.
| Loan amount | P&I | Total / month | Income needed | Loan type |
|---|---|---|---|---|
| $150,000 mortgage | $1,001 | $1,360 | $59,000 | Conforming |
| $175,000 mortgage | $1,168 | $1,547 | $67,000 | Conforming |
| $200,000 mortgage | $1,335 | $1,734 | $75,000 | Conforming |
| $225,000 mortgage | $1,501 | $1,920 | $83,000 | Conforming |
| $250,000 mortgage | $1,668 | $2,107 | $91,000 | Conforming |
| $275,000 mortgage | $1,835 | $2,293 | $99,000 | Conforming |
| $300,000 mortgage | $2,002 | $2,480 | $107,000 | Conforming |
| $325,000 mortgage | $2,169 | $2,667 | $115,000 | Conforming |
| $350,000 mortgage | $2,336 | $2,853 | $123,000 | Conforming |
| $375,000 mortgage | $2,502 | $3,040 | $131,000 | Conforming |
| $400,000 mortgage | $2,669 | $3,227 | $139,000 | Conforming |
| $425,000 mortgage | $2,836 | $3,413 | $147,000 | Conforming |
| $450,000 mortgage | $3,003 | $3,600 | $155,000 | Conforming |
| $475,000 mortgage | $3,170 | $3,786 | $163,000 | Conforming |
| $500,000 mortgage | $3,337 | $3,973 | $171,000 | Conforming |
| $525,000 mortgage | $3,503 | $4,160 | $179,000 | Conforming |
| $550,000 mortgage | $3,670 | $4,346 | $187,000 | Conforming |
| $575,000 mortgage | $3,837 | $4,533 | $195,000 | Conforming |
| $600,000 mortgage | $4,004 | $4,719 | $203,000 | Conforming |
| $625,000 mortgage | $4,171 | $4,906 | $211,000 | Conforming |
| $650,000 mortgage | $4,338 | $5,093 | $219,000 | Conforming |
| $675,000 mortgage | $4,504 | $5,279 | $227,000 | Conforming |
| $700,000 mortgage | $4,671 | $5,466 | $235,000 | Conforming |
| $725,000 mortgage | $4,838 | $5,653 | $243,000 | Conforming |
| $750,000 mortgage | $5,005 | $5,839 | $251,000 | Conforming |
| $775,000 mortgage | $5,172 | $6,026 | $259,000 | Conforming |
| $800,000 mortgage | $5,339 | $6,212 | $267,000 | Conforming |
| $825,000 mortgage | $5,505 | $6,399 | $275,000 | Conforming |
| $850,000 mortgage | $5,672 | $6,586 | $283,000 | Jumbo |
| $875,000 mortgage | $5,839 | $6,772 | $291,000 | Jumbo |
| $900,000 mortgage | $6,006 | $6,959 | $299,000 | Jumbo |
| $925,000 mortgage | $6,173 | $7,146 | $307,000 | Jumbo |
| $950,000 mortgage | $6,340 | $7,332 | $315,000 | Jumbo |
| $975,000 mortgage | $6,506 | $7,519 | $323,000 | Jumbo |
| $1,000,000 mortgage | $6,673 | $7,705 | $331,000 | Jumbo |
| $1,100,000 mortgage | $7,341 | $8,452 | $363,000 | Jumbo |
| $1,200,000 mortgage | $8,008 | $9,198 | $395,000 | Jumbo |
| $1,300,000 mortgage | $8,675 | $9,945 | $427,000 | Jumbo |
| $1,400,000 mortgage | $9,342 | $10,691 | $459,000 | Jumbo |
| $1,500,000 mortgage | $10,010 | $11,438 | $491,000 | Jumbo |
Loan programs compared in Indiana
$260,000 home, each program's typical minimum or default down payment, current average 30-year rate.
| Loan type | Down | Loan amount | Upfront fee | Monthly MI | Total / month | APR |
|---|---|---|---|---|---|---|
| Conventional | 10% · $26,000 | $234,000 | — | $140 PMI | $2,107 | 7.488% |
| FHA | 3.5% · $9,100 | $255,291 | UFMIP $4,391 | $116 MIP | $2,225 | 7.761% |
| VA | 0% · $0 | $265,590 | Funding fee $5,590 | $0 | $2,178 | 7.242% |
| JumboLoan is conforming (≤ $832,750) | 20% · $52,000 | $208,000 | — | $0 | $1,793 | 7.030% |
Frequently asked questions
What is the monthly mortgage payment on a $260,000 home in Indiana?
$260,000 is the typical Indiana home value. With 10% down on a conventional loan, the estimated payment is $2,107 per month ($1,562 principal & interest, $165 property tax, $241 insurance, $140 PMI) at 7.03% for 30 years, including Indiana's 0.76% effective property tax rate.
What is the 2026 conforming loan limit in Indiana?
$832,750 for a one-unit home in all 92 counties. Larger loans are jumbo loans.
How much income do I need for a $260,000 home in Indiana?
About $91,000 a year if housing costs stay within 28% of gross income — a common lender guideline. Lenders also look at total debt-to-income, usually capped around 43%–50%.
How much house can I afford in Indiana on a $100,000 salary?
About $291,000 with 10% down, keeping the payment (including Indiana property tax, insurance and PMI) within 28% of gross income at 7.03%. The typical Indiana home ($260,095) needs roughly $91,000 a year.
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Data sources & assumptions
- Freddie Mac Primary Mortgage Market Survey (PMMS) — Weekly average as of September 24, 2026
- Zillow Home Value Index (ZHVI), typical home value, all homes — Default home prices; typical value as of August 31, 2026
- FHFA 2026 Conforming Loan Limit Values (one-unit) — 2026 one-unit limits, 56 states & territories
- HUD FHA Mortgage Limits lookup — FHA floor $541,287; high-cost counties follow the conforming limit — confirm on HUD
- Effective statewide property tax rate (Tax Foundation, 2026 projections) — Statewide effective rate; county rates vary
- Average annual homeowners premium, $300K dwelling / $1K deductible (industry survey averages) — Statewide average premium
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.