CALCMONEY // MORTGAGE // MN // ST. PAUL
Calculate your monthly mortgage payment using St. Paul-specific property tax rates and local market data.
$290,000
6.9%
1.25%
98
| Principal & Interest | $1,528 |
| Property Tax | $302 |
| Homeowners Insurance (est.) | $97 |
| Total Monthly Payment (PITI) | $1,927 |
$58,000
$318,063
$82,573/yr
Home prices in St. Paul run 31% below the national median: $290,000 versus $420,000. Relative to the $58,000 median household income here, the price-to-income ratio comes out to 5.0x.
Property taxes in St. Paul run 1.25% of assessed value, above the 1.1% national average. On the median home, that's $3,625 a year, or $302 added to the monthly payment.
Minnesota levies a state income tax on top of the $1,927/month this mortgage runs. Model your real after-tax take-home before deciding how much payment you can carry.
St. Paul's cost of living index is 98, below the 100 national baseline. That's on top of the housing numbers above, not instead of them.
St. Paul's median home price runs 18% lower than nearby Minneapolis: $355,000 there versus $290,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $232,000 loan saves $10,440 in interest over 30 years.
Compare Top St. Paul Mortgage LendersMinneapolis
$355,000 median
MNRochester
$320,000 median
MNDuluth
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MNBloomington
$312,000 median