Indiana mortgage calculator

30-year fixed mortgage calculator with Indiana-specific defaults. Median home price $245,000 · property tax effective rate 0.83%. All inputs update live; share your scenario as a URL.

Median home price reconciled 2026-04-22. Source: Zillow Home Value Index, state-level.

Your loan

Home price

$100k$2M

Down payment$49,000

Interest rate30-yr avg: 6.875%

Loan term

Taxes & insurance

(optional, but realistic)

State

Indiana

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Property tax rate

~$169 per month

Homeowner insurance

HOA dues (if any)

PMI required. With 20% down (LTV 80.0%), private mortgage insurance is added at 0.50% of the loan annually — that's $82/month. PMI auto-removes at month 28 (78% LTV, per the Homeowners Protection Act).

Extra payments

(optional — accelerate payoff)

Biweekly paymentsPay half the monthly amount every two weeks (26 half-payments per year ≈ 13 monthly equivalents). Typically saves 4-7 years and tens of thousands in interest on a 30-year loan.

Extra each month

Applied as additional principal every month.

One-time lump sum

Single payment toward principal at the specified month (e.g. tax refund or bonus).

Estimated monthly payment

For a $245,000 home, 20% down, 6.875% APR, 30-year fixed in Indiana.

Where your payment goes

Principal & interest$1,288

Property tax$169

Homeowner insurance$145

PMI$82

Loan amount

$196,000

Total interest

$267,529

Total paid

$463,529

Compare scenarios →

How your balance falls over time

The crossover point — where more of each payment goes to principal than interest — is at year 20.

BalanceInterest paidPrincipal paid

Amortization schedule

Year-by-year breakdown of every payment.

Period	Payment	Principal	Interest	Total interest paid	Balance
Y01Year 1	$15,451	$2,039	$13,412	$13,412	$193,961
Y02Year 2	$15,451	$2,184	$13,267	$26,678	$191,776
Y03Year 3	$15,451	$2,339	$13,112	$39,790	$189,437
Y04Year 4	$15,451	$2,505	$12,946	$52,736	$186,932
Y05Year 5	$15,451	$2,683	$12,768	$65,504	$184,249
Y06Year 6	$15,451	$2,873	$12,578	$78,082	$181,376
Y07Year 7	$15,451	$3,077	$12,374	$90,456	$178,299
Y08Year 8	$15,451	$3,295	$12,155	$102,611	$175,003
Y09Year 9	$15,451	$3,529	$11,922	$114,533	$171,474
Y10Year 10	$15,451	$3,780	$11,671	$126,204	$167,694
Y11Year 11	$15,451	$4,048	$11,403	$137,607	$163,646
Y12Year 12	$15,451	$4,335	$11,116	$148,723	$159,311
Y13Year 13	$15,451	$4,643	$10,808	$159,531	$154,668
Y14Year 14	$15,451	$4,972	$10,479	$170,010	$149,696
Y15Year 15	$15,451	$5,325	$10,126	$180,136	$144,371
Y16Year 16	$15,451	$5,703	$9,748	$189,884	$138,668
Y17Year 17	$15,451	$6,108	$9,343	$199,227	$132,561
Y18Year 18	$15,451	$6,541	$8,910	$208,137	$126,020
Y19Year 19	$15,451	$7,005	$8,446	$216,583	$119,015
Y20Year 20	$15,451	$7,502	$7,949	$224,532	$111,512
Y21Year 21	$15,451	$8,035	$7,416	$231,948	$103,478
Y22Year 22	$15,451	$8,605	$6,846	$238,794	$94,873
Y23Year 23	$15,451	$9,215	$6,236	$245,030	$85,658
Y24Year 24	$15,451	$9,869	$5,582	$250,612	$75,789
Y25Year 25	$15,451	$10,569	$4,882	$255,494	$65,219
Y26Year 26	$15,451	$11,319	$4,132	$259,625	$53,900
Y27Year 27	$15,451	$12,123	$3,328	$262,954	$41,777
Y28Year 28	$15,451	$12,983	$2,468	$265,422	$28,795
Y29Year 29	$15,451	$13,904	$1,547	$266,969	$14,891
Y30Year 30	$15,451	$14,891	$560	$267,529	$0

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Indiana — related

Indiana income tax

Top marginal 3.00% · Flat rate

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Compare scenarios

Up to three mortgage scenarios side-by-side with a differential row.

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National 30-year fixed

Same calculator with cross-state defaults; manually pick any state.

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Last updated 2026-05-13