Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

60631 Mortgage Calculator

Estimate your true cost of homeownership in ZIP Code 60631 with localized property taxes, insurance, and utility data.

← Back to ZIP Code 60631 Hub
Est. Total Monthly Cost
$3,450
P&I Payment$2,529
Taxes & Ins$701
Utilities$220
Also calculate:FHA CalculatorVA Calculator

Next steps

Take this 60631 scenario further — you stay anonymous.

Track this scenarioSave it to My Scenarios and watch the rate over timeFind lenders for this scenarioSee top-ranked local lenders and request quotes

Mortgage Details

$479,878
Local Median: $479,878
$95,976 (20%)
%

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

Local Area Costs

Monthly$3,450

Monthly Breakdown

Principal & Interest
$2,529
Property Taxes
$604
Homeowners Ins.
$97
Utilities
$220

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$526,500

Local Housing Facts for ZIP Code 60631

  • ·Median home value: $479,878 (adjusted for current market conditions)
  • ·Est. property taxes: $7,252/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $1,160/yr — based on local per-$1K premium rates
  • ·Energy utilities: $2,642/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 CHICAGO?

Based on the local median home value, estimated real estate property taxes in CHICAGO are around $7,252 per year.

What is the average home price in CHICAGO?

The median home value in CHICAGO is currently estimated at $479,878.

How much does homeowners insurance cost in CHICAGO?

For a median priced home, homeowners insurance in CHICAGO averages around $1,160 annually.

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

True homeownership costs go beyond principal and interest. In CHICAGO, a typical homeowner with a median-priced home of $479,878 can expect to pay roughly $7,252/yr in property taxes, $1,160/yr for homeowners insurance, and $2,642/yr in energy utilities. That adds approximately $921 per month in ongoing costs on top of your mortgage payment. Use our calculator above to model your exact all-in monthly cost.