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Hennepin Mortgage Calculator

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

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Est. Total Monthly Cost
$2,093
P&I Payment$1,486
Taxes & Ins$337
Utilities$271
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Mortgage Details

$278,415
Local Median: $278,415
$55,683 (20%)
%

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

Local Area Costs

Monthly$2,093

Monthly Breakdown

Principal & Interest
$1,486
Property Taxes
$243
Homeowners Ins.
$93
Utilities
$271

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$312,078

Local Housing Facts for Hennepin

  • ·Median home value: $278,415 (adjusted for current market conditions)
  • ·Est. property taxes: $2,918/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $1,121/yr — based on local per-$1K premium rates
  • ·Energy utilities: $3,255/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?

Based on the local median home value, estimated real estate property taxes in Hennepin are around $2,918 per year.

What is the average home price in Hennepin?

The median home value in Hennepin is currently estimated at $278,415.

How much does homeowners insurance cost in Hennepin?

For a median priced home, homeowners insurance in Hennepin averages around $1,121 annually.

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

True homeownership costs go beyond principal and interest. In Hennepin, a typical homeowner with a median-priced home of $278,415 can expect to pay roughly $2,918/yr in property taxes, $1,121/yr for homeowners insurance, and $3,255/yr in energy utilities. That adds approximately $608 per month in ongoing costs on top of your mortgage payment. Use our calculator above to model your exact all-in monthly cost.