Indiana Mortgage Calculator
Calculate your monthly mortgage payments in Indiana with our free calculator. Includes local property tax rates and insurance estimates.
IN Mortgage Calculator
Calculate monthly payments for Indiana properties
$60000.00
$2550.00 per year
$1050.00 per year
Payment Summary
Principal & Interest$1516.96
Property Tax$212.50
Home Insurance$87.50
Total Monthly Payment$1816.96
Loan Amount$240000.00
Total Interest$306106.77
Total Loan Payment$546106.77
Payoff Date1/21/2055
Indiana Quick Facts
- Average Property Tax Rate:
- 0.85%
- Average Home Insurance Rate:
- 0.35%
First-Time Home Buyer Programs in IN
Indiana offers several programs for first-time home buyers:
- IHCDA First Place Program
- IHCDA Next Home Program
- IHCDA Mortgage Credit Certificate
- FHA Down Payment Assistance
Indiana Property Tax Rates by County
| County | Tax Rate | Median Home Value |
|---|---|---|
| Marion County | 1.01% | $185,000 |
| Lake County | 0.98% | $175,000 |
| Allen County | 0.88% | $165,000 |
| Hamilton County | 0.81% | $325,000 |
| St. Joseph County | 0.94% | $155,000 |
| Vanderburgh County | 0.91% | $145,000 |
| Porter County | 0.87% | $215,000 |
| Monroe County | 0.92% | $195,000 |
| Johnson County | 0.85% | $205,000 |
| Hendricks County | 0.83% | $245,000 |
| Delaware County | 0.95% | $125,000 |
Indiana Mortgage Guide
Key considerations for Indiana mortgages:
- Property tax rates are slightly above the national average
- Tax caps limit property taxes to 1% of assessed value for homes
- Many areas have affordable housing options
- Strong first-time buyer support programs
Related Resources
State Housing Resources
- Official Indiana Housing Authority
- State Property Tax Information
- First-Time Homebuyer Programs
Additional Calculators
- Property Tax Calculator
- Home Insurance Calculator
- Refinance Calculator
Data sources: State property tax records, county assessor offices, and local real estate data.
Last updated: 1/21/2025