M
MortgageMath
Free mortgage calculators for every state

Mortgage Calculator &
Closing Costs: Fishers, IN

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

Median Home Price
$385K
Population
99K
Avg Monthly Rent
$1,520
Property Tax Rate
0.84%
Fishers vs Indiana Median
The median home price in Fishers is $385,000, which is 60% above the Indiana state median of $240,000.

Mortgage Calculator — Fishers, IN

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

$
$77,000
%
%
years
IN avg
%
$
Monthly Payment (PITI)
$2,358
Principal + Interest + Tax + Insurance + PMI
Principal & Interest
$1,947
per month
Taxes & Insurance
$412
per month
Total Interest Paid
$393K
over 30 years
Total Loan Cost
$701K
all payments
Payment Breakdown
Loan Amount$308,000
Principal & Interest$1,947
Property Taxes$270
Homeowners Insurance$142
Total Monthly PITI$2,358

Closing Costs — Fishers, IN

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

$
%
Indiana: Avg closing costs 1.1% of price. Transfer tax: 0%.
Estimated Closing Costs
$11,098
2.9% of purchase price
Lender Fees
$3,197
origination, underwriting
Third-Party
$3,375
appraisal, title, inspection
Government Fees
$0
transfer taxes, recording
Prepaids + Escrow
$4,526
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$2,772
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$2,225
Recording Fee$150
Prepaid Taxes (3 mo)$809
Prepaid Insurance (12 mo)$1,700
Prepaid Interest (15 days)$926
Escrow Reserves$1,092
Total Closing Costs$11,098

Buying a Home in Fishers, Indiana

The median home price in Fishers is $385,000, 60% above the Indiana state median of $240,000. With a population of 98,977, Fishers is a smaller market where home prices reflect strong demand and local economic factors.

Property taxes in Indiana average 0.84% annually. This moderate property tax rate means a $385,000 home in Fishers would carry roughly $270/month in property taxes. Homeowners insurance in Indiana runs approximately $1,700 per year. This is within the normal range nationally.

Average rent in Fishers is $1,520/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.

Fishers presents moderate affordability. The $385K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.

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

More Cities in Indiana

Related Guides

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