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Mortgage Calculator &
Closing Costs: Greenwood, IN

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

Median Home Price
$275K
Population
63K
Avg Monthly Rent
$1,150
Property Tax Rate
0.84%
Greenwood vs Indiana Median
The median home price in Greenwood is $275,000, which is 15% above the Indiana state median of $240,000.

Mortgage Calculator — Greenwood, IN

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

$
$55,000
%
%
years
IN avg
%
$
Monthly Payment (PITI)
$1,725
Principal + Interest + Tax + Insurance + PMI
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Principal & Interest
$1,391
per month
Taxes & Insurance
$335
per month
Total Interest Paid
$281K
over 30 years
Total Loan Cost
$501K
all payments
Payment Breakdown
Loan Amount$220,000
Principal & Interest$1,391
Property Taxes$193
Homeowners Insurance$142
Total Monthly PITI$1,725

Closing Costs — Greenwood, IN

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

$
%
Indiana: Avg closing costs 1.1% of price. Transfer tax: 0%.
Estimated Closing Costs
$9,029
3.3% of purchase price
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Lender Fees
$2,405
origination, underwriting
Third-Party
$2,825
appraisal, title, inspection
Government Fees
$0
transfer taxes, recording
Prepaids + Escrow
$3,799
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$1,980
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$1,675
Recording Fee$150
Prepaid Taxes (3 mo)$578
Prepaid Insurance (12 mo)$1,700
Prepaid Interest (15 days)$661
Escrow Reserves$861
Total Closing Costs$9,029

Buying a Home in Greenwood, Indiana

The median home price in Greenwood is $275,000, 15% above the Indiana state median of $240,000. With a population of 62,780, Greenwood 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 $275,000 home in Greenwood would carry roughly $193/month in property taxes. Homeowners insurance in Indiana runs approximately $1,700 per year. This is within the normal range nationally.

Average rent in Greenwood is $1,150/month. The price-to-rent ratio in Greenwood is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.

Greenwood presents moderate affordability. The $275K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.

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