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55438 Mortgage Calculator

Estimate your true cost of homeownership in ZIP Code 55438 with localized property taxes, insurance, and utility data.

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Est. Total Monthly Cost
$3,012
P&I Payment$2,275
Taxes & Ins$569
Utilities$168
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Mortgage Details

$431,488
Local Median: $431,488
$86,298 (20%)
%

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

Local Area Costs

Monthly$3,012

Monthly Breakdown

Principal & Interest
$2,275
Property Taxes
$394
Homeowners Ins.
$175
Utilities
$168

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$473,824

Local Housing Facts for ZIP Code 55438

  • ·Median home value: $431,488 (adjusted for current market conditions)
  • ·Est. property taxes: $4,724/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $2,103/yr — based on local per-$1K premium rates
  • ·Energy utilities: $2,020/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 $4,724 per year.

What is the average home price in MINNEAPOLIS?

The median home value in MINNEAPOLIS is currently estimated at $431,488.

How much does homeowners insurance cost in MINNEAPOLIS?

For a median priced home, homeowners insurance in MINNEAPOLIS averages around $2,103 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 $431,488 can expect to pay roughly $4,724/yr in property taxes, $2,103/yr for homeowners insurance, and $2,020/yr in energy utilities. That adds approximately $737 per month in ongoing costs on top of your mortgage payment. Use our calculator above to model your exact all-in monthly cost.