Conventional Loan Calculator — Missouri
In Missouri, one-unit loans up to $832,750 are conforming. With 10% down on the typical $268,000 home, the $241,200 loan carries estimated PMI of 0.72% ($145/mo), which drops off after about 9 years once the balance reaches 80% of the price.
Missouri has the 23rd-highest effective property tax rate of the 50 states at 0.89% — $54 less a year than the 0.91% state average on a $268,000 home. Homeowners insurance averages $3,979 a year, the 9th-highest premium nationally and $1,259 more than the typical state.
Loan Parameters
Total Monthly Payment
$2,285
Principal & Interest + Taxes + Insurance
APR 7.488%
Total Interest
$338,248
Total Cost
$784,846
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 | $19,315 | $2,436 | $16,879 | $1,737 | $238,764 | $29,236 |
| Year 2 | $19,315 | $2,613 | $16,702 | $1,737 | $236,151 | $31,849 |
| Year 3 | $19,315 | $2,803 | $16,512 | $1,737 | $233,349 | $34,651 |
| Year 4 | $19,315 | $3,006 | $16,309 | $1,737 | $230,343 | $37,657 |
| Year 5 | $19,315 | $3,224 | $16,091 | $1,737 | $227,118 | $40,882 |
| Year 6 | $19,315 | $3,458 | $15,856 | $1,737 | $223,660 | $44,340 |
| Year 7 | $19,315 | $3,710 | $15,605 | $1,737 | $219,950 | $48,050 |
| Year 8 | $19,315 | $3,979 | $15,336 | $1,737 | $215,971 | $52,029 |
| Year 9 | $19,315 | $4,268 | $15,047 | $579 | $211,703 | $56,297 |
| Year 10 | $19,315 | $4,578 | $14,737 | — | $207,126 | $60,874 |
| Year 11 | $19,315 | $4,910 | $14,405 | — | $202,216 | $65,784 |
| Year 12 | $19,315 | $5,267 | $14,048 | — | $196,949 | $71,051 |
| Year 13 | $19,315 | $5,649 | $13,666 | — | $191,300 | $76,700 |
| Year 14 | $19,315 | $6,059 | $13,256 | — | $185,241 | $82,759 |
| Year 15 | $19,315 | $6,499 | $12,816 | — | $178,742 | $89,258 |
| Year 16 | $19,315 | $6,971 | $12,344 | — | $171,771 | $96,229 |
| Year 17 | $19,315 | $7,477 | $11,838 | — | $164,293 | $103,707 |
| Year 18 | $19,315 | $8,020 | $11,295 | — | $156,273 | $111,727 |
| Year 19 | $19,315 | $8,603 | $10,712 | — | $147,671 | $120,329 |
| Year 20 | $19,315 | $9,227 | $10,088 | — | $138,443 | $129,557 |
| Year 21 | $19,315 | $9,897 | $9,418 | — | $128,546 | $139,454 |
| Year 22 | $19,315 | $10,616 | $8,699 | — | $117,931 | $150,069 |
| Year 23 | $19,315 | $11,387 | $7,928 | — | $106,544 | $161,456 |
| Year 24 | $19,315 | $12,213 | $7,102 | — | $94,331 | $173,669 |
| Year 25 | $19,315 | $13,100 | $6,215 | — | $81,231 | $186,769 |
| Year 26 | $19,315 | $14,051 | $5,263 | — | $67,179 | $200,821 |
| Year 27 | $19,315 | $15,072 | $4,243 | — | $52,108 | $215,892 |
| Year 28 | $19,315 | $16,166 | $3,149 | — | $35,942 | $232,058 |
| Year 29 | $19,315 | $17,340 | $1,975 | — | $18,602 | $249,398 |
| Year 30 | $19,318 | $18,602 | $716 | — | $0 | $268,000 |
Conventional Loan numbers for Missouri
- Typical Missouri home value
- $268,000
- 10% down ($26,800) · Zillow, August 31, 2026
- Loan amount
- $241,200
- conforming in all 115 Missouri counties
- Estimated monthly payment
- $2,285
- APR 7.488%
- Missouri property tax
- 0.89%
- $199/mo
- Homeowners insurance
- $3,979/yr
- $332/mo
- Missouri conforming limit
- $832,750
- Above this, the loan is jumbo
- PMI
- 0.72% · $145/mo
- Drops off after 9 years
How much house can you afford in Missouri with a conventional loan?
Highest price where principal, interest, Missouri 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 | $114,000 | $11,400 | 43% |
| $75,000 | $1,750 | $194,000 | $19,400 | 72% |
| $100,000 | $2,333 | $274,000 | $27,400 | 102% |
| $125,000 | $2,917 | $354,000 | $35,400 | 132% |
| $150,000 | $3,500 | $434,000 | $43,400 | 162% |
| $200,000 | $4,667 | $594,000 | $59,400 | 222% |
| $250,000 | $5,833 | $754,000 | $75,400 | 281% |
Conventional vs other loan types in Missouri
$268,000 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% · $26,800 | $241,200 | — | $145 PMI | $2,285 | 7.488% |
| FHA | 3.5% · $9,380 | $263,146 | UFMIP $4,526 | $120 MIP | $2,406 | 7.761% |
| VA | 0% · $0 | $273,762 | Funding fee $5,762 | $0 | $2,357 | 7.242% |
| JumboLoan is conforming (≤ $832,750) | 20% · $53,600 | $214,400 | — | $0 | $1,961 | 7.030% |
Frequently asked questions
What is the monthly payment on a $268,000 home with a conventional loan in Missouri?
Estimated $2,285 per month ($1,610 principal & interest, $199 property tax, $332 insurance, $145 PMI) at 7.03% for 30 years, with 10% down. APR 7.488%.
How much is PMI on a Missouri conventional loan?
At 90% loan-to-value, PMI is estimated at 0.72% a year ($145/mo). It can be removed once the balance reaches 80% of the home's original value.
Explore related calculators
Compare in Missouri
Conventional Loan calculator in nearby states
- Conventional Loan calculator — Arkansas ($1,903/mo)
- Conventional Loan calculator — Illinois ($2,638/mo)
- Conventional Loan calculator — Iowa ($2,079/mo)
- Conventional Loan calculator — Kansas ($2,327/mo)
- Conventional Loan calculator — Kentucky ($2,006/mo)
- Conventional Loan calculator — Nebraska ($2,556/mo)
- Conventional Loan calculator — Oklahoma ($2,024/mo)
- Conventional Loan calculator — Tennessee ($2,578/mo)
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
- 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
- CFPB — What is private mortgage insurance?
- Homeowners Protection Act (PMI cancellation at 78–80% LTV)
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.