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Hennepin County Mortgage Calculator

Estimate your true cost of homeownership in Hennepin County with localized property taxes, insurance, and utility data.

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Est. Total Monthly Cost
$3,109
P&I Payment$2,363
Taxes & Ins$573
Utilities$173
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Mortgage Details

$450,089
Local Median: $450,089
$90,018 (20%)
%

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

Local Area Costs

Monthly$3,109

Monthly Breakdown

Principal & Interest
$2,363
Property Taxes
$401
Homeowners Ins.
$172
Utilities
$173

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$490,611

Local Housing Facts for Hennepin County

  • ·Median home value: $450,089 (adjusted for current market conditions)
  • ·Est. property taxes: $4,815/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $2,058/yr — based on local per-$1K premium rates
  • ·Energy utilities: $2,080/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 Hennepin County?

Based on the local median home value, estimated real estate property taxes in Hennepin County are around $4,815 per year.

What is the average home price in Hennepin County?

The median home value in Hennepin County is currently estimated at $450,089.

How much does homeowners insurance cost in Hennepin County?

For a median priced home, homeowners insurance in Hennepin County averages around $2,058 annually.

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

True homeownership costs go beyond principal and interest. In Hennepin County, a typical homeowner with a median-priced home of $450,089 can expect to pay roughly $4,815/yr in property taxes, $2,058/yr for homeowners insurance, and $2,080/yr in energy utilities. That adds approximately $746 per month in ongoing costs on top of your mortgage payment. Use our calculator above to model your exact all-in monthly cost.