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55425 Mortgage Calculator

Estimate your true cost of homeownership in ZIP Code 55425 with localized property taxes, insurance, and utility data.

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Est. Total Monthly Cost
$2,691
P&I Payment$2,074
Taxes & Ins$479
Utilities$138
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Mortgage Details

$391,356
Local Median: $391,356
$78,271 (20%)
%

Used with your down payment to fetch a live, scenario-specific rate.

Local Area Costs

Monthly$2,691

Monthly Breakdown

Principal & Interest
$2,074
Property Taxes
$325
Homeowners Ins.
$155
Utilities
$138

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$433,378

Local Housing Facts for ZIP Code 55425

  • ·Median home value: $391,356 (adjusted for current market conditions)
  • ·Est. property taxes: $3,894/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $1,859/yr — based on local per-$1K premium rates
  • ·Energy utilities: $1,652/yr — sourced from DOE LEAD survey data
  • ·Flood insurance: optional — toggled off by default, estimate based on FEMA risk profile

Frequently Asked Questions

How much are property taxes in MINNEAPOLIS?

Based on the local median home value, estimated real estate property taxes in MINNEAPOLIS are around $3,894 per year.

What is the average home price in MINNEAPOLIS?

The median home value in MINNEAPOLIS is currently estimated at $391,356.

How much does homeowners insurance cost in MINNEAPOLIS?

For a median priced home, homeowners insurance in MINNEAPOLIS averages around $1,859 annually.

What is the true total cost of owning a home in MINNEAPOLIS?

True homeownership costs go beyond principal and interest. In MINNEAPOLIS, a typical homeowner with a median-priced home of $391,356 can expect to pay roughly $3,894/yr in property taxes, $1,859/yr for homeowners insurance, and $1,652/yr in energy utilities. That adds approximately $617 per month in ongoing costs on top of your mortgage payment. Use our calculator above to model your exact all-in monthly cost.