CALCMONEY // MORTGAGE // MN // DULUTH
Calculate your monthly mortgage payment using Duluth-specific property tax rates and local market data.
$215,000
6.9%
1.45%
88
| Principal & Interest | $1,133 |
| Property Tax | $260 |
| Homeowners Insurance (est.) | $72 |
| Total Monthly Payment (PITI) | $1,464 |
$43,000
$235,805
$62,754/yr
Buying the median home in Duluth means financing $215,000. Against the area's $52,000 median household income, that works out to a 4.1x price-to-income ratio.
Duluth's 1.45% property tax rate runs above the 1.1% national average. That's $260/month on the median home here, not a rounding error against the mortgage payment.
Between the $1,464/month mortgage payment and Minnesota's state income tax, your real housing cost calculation needs your after-tax number, not your gross salary.
Beyond housing, Duluth's cost of living index sits at 88 (national average = 100), running below the national baseline for groceries, transportation, and everyday services.
Duluth's median home price runs 39% lower than nearby Minneapolis: $355,000 there versus $215,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $172,000 loan saves $7,740 in interest over 30 years.
Compare Top Duluth Mortgage LendersMinneapolis
$355,000 median
MNSt. Paul
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MNBloomington
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