CALCMONEY // MORTGAGE // MN // SAINT PAUL
Calculate your monthly mortgage payment using Saint Paul-specific property tax rates and local market data.
$278,000
6.9%
1.23%
113
| Principal & Interest | $1,465 |
| Property Tax | $285 |
| Homeowners Insurance (est.) | $93 |
| Total Monthly Payment (PITI) | $1,842 |
$55,600
$304,902
$78,958/yr
Saint Paul homebuyers are working with a $278,000 median price point, 34% below the national figure. Against the $65,000 median household income in the area, that's a 4.3x multiple.
Property taxes in Saint Paul run 1.23% of assessed value, above the 1.1% national average. On the median home, that's $3,419 a year, or $285 added to the monthly payment.
Minnesota levies a state income tax on top of the $1,842/month this mortgage runs. Model your real after-tax take-home before deciding how much payment you can carry.
Saint Paul's cost of living index is 113, above the 100 national baseline. That's on top of the housing numbers above, not instead of them.
Saint Paul's median home price runs 22% lower than nearby Minneapolis: $355,000 there versus $278,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $222,400 loan saves $10,008 in interest over 30 years.
Compare Top Saint Paul Mortgage LendersMinneapolis
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MNSt. Paul
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MNDuluth
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