Indiana mortgage calculator with property tax and insurance
Median home price in Indiana: $270,000. Effective property tax 0.83%/yr, homeowners insurance ≈ $1,500/yr. Rates updated Oct 8, 2026.
Payment by loan term
| Term | P&I | All-in | Total interest |
|---|---|---|---|
| 10 yr | $2,564 | $2,876 | $91,675 |
| 15 yr | $2,002 | $2,314 | $144,422 |
| 20 yr | $1,740 | $2,052 | $201,620 |
| 30 yr | $1,510 | $1,822 | $327,709 |
Adjust the numbers
Monthly breakdown
Total interest $327,709 · total PMI $0 · paid off in 30 years
Compare loan terms
| Term | Monthly (P&I) | Total monthly | Total interest |
|---|---|---|---|
| 10 years | $2,564 | $2,876 | $91,675 |
| 15 years | $2,002 | $2,314 | $144,422 |
| 20 years | $1,740 | $2,052 | $201,620 |
| 30 years | $1,510 | $1,822 | $327,709 |
Amortization schedule
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 1 | $16,132 | $1,991 | $214,009 |
| 2 | $15,978 | $2,146 | $211,863 |
| 3 | $15,811 | $2,312 | $209,551 |
| 4 | $15,632 | $2,492 | $207,059 |
| 5 | $15,438 | $2,685 | $204,374 |
| 6 | $15,230 | $2,894 | $201,480 |
| 7 | $15,005 | $3,118 | $198,362 |
| 8 | $14,763 | $3,360 | $195,001 |
| 9 | $14,502 | $3,621 | $191,380 |
| 10 | $14,221 | $3,903 | $187,477 |
| 11 | $13,918 | $4,205 | $183,272 |
| 12 | $13,592 | $4,532 | $178,740 |
| 13 | $13,240 | $4,884 | $173,856 |
| 14 | $12,861 | $5,263 | $168,593 |
| 15 | $12,452 | $5,671 | $162,922 |
| 16 | $12,012 | $6,112 | $156,810 |
| 17 | $11,537 | $6,586 | $150,224 |
| 18 | $11,026 | $7,098 | $143,126 |
| 19 | $10,475 | $7,649 | $135,477 |
| 20 | $9,881 | $8,242 | $127,235 |
| 21 | $9,241 | $8,882 | $118,353 |
| 22 | $8,552 | $9,572 | $108,781 |
| 23 | $7,809 | $10,315 | $98,466 |
| 24 | $7,008 | $11,116 | $87,351 |
| 25 | $6,145 | $11,979 | $75,372 |
| 26 | $5,215 | $12,908 | $62,464 |
| 27 | $4,213 | $13,911 | $48,553 |
| 28 | $3,133 | $14,991 | $33,563 |
| 29 | $1,969 | $16,154 | $17,408 |
| 30 | $715 | $17,408 | $0 |
Showing 360 payments. Schedule assumes a fixed rate and constant home value for PMI cancellation.
Down payment scenarios in Indiana
| Down | Cash needed | PMI | Monthly |
|---|---|---|---|
| 3% | $8,100 | $120 | $2,263 |
| 5% | $13,500 | $118 | $2,223 |
| 10% | $27,000 | $111 | $2,122 |
| 15% | $40,500 | $105 | $2,022 |
| 20% | $54,000 | $0 | $1,822 |
| 25% | $67,500 | $0 | $1,728 |
Around the Indiana median price
| Home price | P&I | All-in monthly |
|---|---|---|
| $205,000 | $1,147 | $1,414 |
| $270,000 | $1,510 | $1,822 |
| $340,000 | $1,902 | $2,262 |
| $405,000 | $2,265 | $2,671 |
Detailed payment examples
FAQ
What is the average property tax rate in Indiana?
Indiana's effective property tax rate is about 0.83% of home value per year, which is $187 per month on a $270,000 home. Rates vary by county and by exemptions, so treat this as a planning estimate.
How much is homeowners insurance in Indiana?
A typical Indiana policy runs around $1,500 per year ($125 per month). Coastal and hail-prone areas can be significantly higher.
Is a $270,000 home affordable in Indiana?
At 7.50% with 20% down, the estimated all-in payment is $1,822 per month. Using the 28% rule that implies a household income near $78,000 per year before other debts.