M
MortgageMath
Free mortgage calculators for every state

Mortgage Calculator &
Closing Costs: Evansville, IN

Mortgage payment estimates, closing cost breakdowns, and homebuying data for Evansville, Indiana.

Median Home Price
$165K
Population
117K
Avg Monthly Rent
$880
Property Tax Rate
0.84%
Evansville vs Indiana Median
The median home price in Evansville is $165,000, which is 31% below the Indiana state median of $240,000.

Mortgage Calculator — Evansville, IN

Pre-filled with Evansville median home price and Indiana tax/insurance rates. Adjust for your property.

$
$33,000
%
%
years
IN avg
%
$
Monthly Payment (PITI)
$1,092
Principal + Interest + Tax + Insurance + PMI
Principal & Interest
$834
per month
Taxes & Insurance
$258
per month
Total Interest Paid
$168K
over 30 years
Total Loan Cost
$300K
all payments
Payment Breakdown
Loan Amount$132,000
Principal & Interest$834
Property Taxes$116
Homeowners Insurance$142
Total Monthly PITI$1,092

Closing Costs — Evansville, IN

Estimated closing costs based on Indiana rates and fees applied to Evansville prices.

$
%
Indiana: Avg closing costs 1.1% of price. Transfer tax: 0%.
Estimated Closing Costs
$6,961
4.2% of purchase price
Lender Fees
$1,613
origination, underwriting
Third-Party
$2,275
appraisal, title, inspection
Government Fees
$0
transfer taxes, recording
Prepaids + Escrow
$3,073
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$1,188
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$1,125
Recording Fee$150
Prepaid Taxes (3 mo)$347
Prepaid Insurance (12 mo)$1,700
Prepaid Interest (15 days)$397
Escrow Reserves$630
Total Closing Costs$6,961

Buying a Home in Evansville, Indiana

The median home price in Evansville is $165,000, 31% below the Indiana state median of $240,000. With a population of 117,298, Evansville is a mid-size city where home prices tend to be more accessible than in many parts of Indiana.

Property taxes in Indiana average 0.84% annually. This moderate property tax rate means a $165,000 home in Evansville would carry roughly $116/month in property taxes. Homeowners insurance in Indiana runs approximately $1,700 per year. This is within the normal range nationally.

Average rent in Evansville is $880/month. The price-to-rent ratio in Evansville is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.

Evansville offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Indiana's IHCDA Next Home program.

Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Evansville.
Rent vs Buy Calculator →
Explore all of Indiana: Indiana Mortgage Calculator & Closing Costs →

Related Guides

The First-Time Buyer Playbook
Free weekly guide: mortgage tips, market updates, and money-saving strategies. No spam.