Illinois Mortgage Calculator
Estimate your monthly payment in Illinois — including property tax (2.23% effective rate), home insurance, and PMI. Pre-filled with Illinois averages for 2026.
= $52,000 down
See pre-qualified rates from Illinois lenders without affecting your credit.
Digital pre-approval in minutes — no application fee.
Some links may earn us a commission at no cost to you.
Mortgage costs in Illinois
The average Illinois homeowner pays roughly $483/month in property tax on a median-priced home, plus about $129/month in home insurance. Property tax is billed by your county — actual rates vary from the state average, so check your county assessor's site for exact figures.
How much house can I afford in Illinois?
A common rule is to keep total housing costs (PITI) under 28% of gross monthly income. At current rates, buying the median Illinois home ($260,000) with 20% down requires roughly $84,061 in annual income.