Indiana Mortgage Calculator

Estimate your monthly payment in Indiana — including property tax (0.85% effective rate), home insurance, and PMI. Pre-filled with Indiana averages for 2026.

$
%

= $47,000 down

%
years
Estimated payment
Total monthly payment
$1,502
Principal & interest
$1,219
Property tax (0.85%)
$166
Home insurance
$117
Loan amount
$188,000
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Mortgage costs in Indiana

Median home price
$235,000
Effective property tax
0.85%
Typical home insurance
$1,400/yr

The average Indiana homeowner pays roughly $166/month in property tax on a median-priced home, plus about $117/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 Indiana?

A common rule is to keep total housing costs (PITI) under 28% of gross monthly income. At current rates, buying the median Indiana home ($235,000) with 20% down requires roughly $64,392 in annual income.

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