Mortgage payment estimates, closing cost breakdowns, and first-time buyer programs for Missouri homebuyers.
Pre-filled with Missouri medians. Adjust for your property.
Estimated closing costs based on Missouri tax rates and fees.
The median home price in Missouri is $235,000, with property taxes averaging 0.97% annually. Missouri's property tax rate is roughly in line with the national average.
Closing costs in Missouri average $2K (0.9%% of purchase price). Missouri does not charge a transfer tax, which helps keep closing costs lower. Homeowners insurance runs approximately $2,200 per year. This is within the normal range nationally.
Missouri offers the MHDC First Place Loan for first-time buyers: Up to 4% cash assistance. Contact your state housing finance agency or a HUD-approved housing counselor for eligibility details and application steps.
Missouri offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with state assistance programs.