Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Minnesota Mortgage Calculator

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

← Back to Minnesota Hub
Est. Total Monthly Cost
$2,605
P&I Payment$1,944
Taxes & Ins$442
Utilities$218
Also calculate:FHA CalculatorVA Calculator

Next steps

Take this Minnesota 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

$369,317
Local Median: $369,317
$73,863 (20%)
%

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

Local Area Costs

Monthly$2,605

Monthly Breakdown

Principal & Interest
$1,944
Property Taxes
$295
Homeowners Ins.
$147
Utilities
$218

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$404,415

Local Housing Facts for Minnesota

  • ·Median home value: $369,317 (adjusted for current market conditions)
  • ·Est. property taxes: $3,545/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $1,764/yr — based on local per-$1K premium rates
  • ·Energy utilities: $2,618/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 Minnesota?

Based on the local median home value, estimated real estate property taxes in Minnesota are around $3,545 per year.

What is the average home price in Minnesota?

The median home value in Minnesota is currently estimated at $369,317.

How much does homeowners insurance cost in Minnesota?

For a median priced home, homeowners insurance in Minnesota averages around $1,764 annually.

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

True homeownership costs go beyond principal and interest. In Minnesota, a typical homeowner with a median-priced home of $369,317 can expect to pay roughly $3,545/yr in property taxes, $1,764/yr for homeowners insurance, and $2,618/yr in energy utilities. That adds approximately $661 per month in ongoing costs on top of your mortgage payment. Use our calculator above to model your exact all-in monthly cost.