Minnesota mortgage calculator

30-year fixed mortgage calculator with Minnesota-specific defaults. Median home price $335,000 · property tax effective rate 1.05%. 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$67,000

Interest rate30-yr avg: 6.875%

Loan term

Taxes & insurance

(optional, but realistic)

State

Minnesota

State pre-set for this page. Switch state

Property tax rate

~$293 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 $112/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 $335,000 home, 20% down, 6.875% APR, 30-year fixed in Minnesota.

Where your payment goes

Principal & interest$1,761

Property tax$293

Homeowner insurance$145

PMI$112

Loan amount

$268,000

Total interest

$365,805

Total paid

$633,805

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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	$21,127	$2,789	$18,338	$18,338	$265,211
Y02Year 2	$21,127	$2,986	$18,140	$36,479	$262,225
Y03Year 3	$21,127	$3,198	$17,928	$54,407	$259,026
Y04Year 4	$21,127	$3,425	$17,701	$72,108	$255,601
Y05Year 5	$21,127	$3,668	$17,458	$89,567	$251,933
Y06Year 6	$21,127	$3,929	$17,198	$106,765	$248,004
Y07Year 7	$21,127	$4,207	$16,919	$123,684	$243,797
Y08Year 8	$21,127	$4,506	$16,621	$140,305	$239,290
Y09Year 9	$21,127	$4,826	$16,301	$156,606	$234,465
Y10Year 10	$21,127	$5,168	$15,959	$172,565	$229,296
Y11Year 11	$21,127	$5,535	$15,592	$188,157	$223,761
Y12Year 12	$21,127	$5,928	$15,199	$203,356	$217,834
Y13Year 13	$21,127	$6,348	$14,779	$218,134	$211,485
Y14Year 14	$21,127	$6,799	$14,328	$232,462	$204,687
Y15Year 15	$21,127	$7,281	$13,846	$246,308	$197,405
Y16Year 16	$21,127	$7,798	$13,329	$259,637	$189,608
Y17Year 17	$21,127	$8,351	$12,776	$272,413	$181,256
Y18Year 18	$21,127	$8,944	$12,183	$284,596	$172,313
Y19Year 19	$21,127	$9,578	$11,548	$296,144	$162,734
Y20Year 20	$21,127	$10,258	$10,869	$307,013	$152,476
Y21Year 21	$21,127	$10,986	$10,141	$317,154	$141,490
Y22Year 22	$21,127	$11,766	$9,361	$326,515	$129,725
Y23Year 23	$21,127	$12,600	$8,526	$335,041	$117,124
Y24Year 24	$21,127	$13,494	$7,632	$342,674	$103,630
Y25Year 25	$21,127	$14,452	$6,675	$349,348	$89,178
Y26Year 26	$21,127	$15,478	$5,649	$354,998	$73,700
Y27Year 27	$21,127	$16,576	$4,551	$359,549	$57,124
Y28Year 28	$21,127	$17,752	$3,375	$362,924	$39,372
Y29Year 29	$21,127	$19,012	$2,115	$365,039	$20,361
Y30Year 30	$21,127	$20,361	$766	$365,805	$0

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Minnesota — related

Minnesota income tax

Top marginal 9.85% · 4 brackets

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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