Indiana Mortgage Calculator (2026)
Calculate your monthly payment with Indiana-specific property tax (0.85%) and average insurance ($1,280/yr).
Monthly payment
Payment breakdown
Loan summary
Amortization schedule (first 12 + every 12 months)
| Month | Principal | Interest | PMI/MIP | Balance |
|---|---|---|---|---|
| 1 | $193.28 | $1,375.50 | $98.25 | $235,607 |
| 2 | $194.41 | $1,374.37 | $98.25 | $235,412 |
| 3 | $195.54 | $1,373.24 | $98.25 | $235,217 |
| 4 | $196.69 | $1,372.10 | $98.25 | $235,020 |
| 5 | $197.83 | $1,370.95 | $98.25 | $234,822 |
| 6 | $198.99 | $1,369.80 | $98.25 | $234,623 |
| 7 | $200.15 | $1,368.64 | $98.25 | $234,423 |
| 8 | $201.32 | $1,367.47 | $98.25 | $234,222 |
| 9 | $202.49 | $1,366.29 | $98.25 | $234,019 |
| 10 | $203.67 | $1,365.11 | $98.25 | $233,816 |
| 11 | $204.86 | $1,363.92 | $98.25 | $233,611 |
| 12 | $206.05 | $1,362.73 | $98.25 | $233,405 |
| 24 | $220.95 | $1,347.83 | $98.25 | $230,836 |
| 36 | $236.92 | $1,331.86 | $98.25 | $228,082 |
| 48 | $254.05 | $1,314.73 | $98.25 | $225,129 |
| 60 | $272.41 | $1,296.37 | $98.25 | $221,962 |
| 72 | $292.11 | $1,276.68 | $98.25 | $218,567 |
| 84 | $313.22 | $1,255.56 | $98.25 | $214,926 |
| 96 | $335.87 | $1,232.92 | $98.25 | $211,021 |
| 108 | $360.15 | $1,208.64 | $98.25 | $206,835 |
| 120 | $386.18 | $1,182.60 | — | $202,346 |
| 132 | $414.10 | $1,154.68 | — | $197,532 |
| 144 | $444.03 | $1,124.75 | — | $192,370 |
| 156 | $476.13 | $1,092.65 | — | $186,835 |
| 168 | $510.55 | $1,058.23 | — | $180,900 |
| 180 | $547.46 | $1,021.32 | — | $174,536 |
| 192 | $587.04 | $981.75 | — | $167,712 |
| 204 | $629.47 | $939.31 | — | $160,395 |
| 216 | $674.98 | $893.81 | — | $152,549 |
| 228 | $723.77 | $845.01 | — | $144,135 |
| 240 | $776.09 | $792.69 | — | $135,114 |
| 252 | $832.20 | $736.59 | — | $125,440 |
| 264 | $892.36 | $676.43 | — | $115,066 |
| 276 | $956.87 | $611.92 | — | $103,943 |
| 288 | $1,026.04 | $542.75 | — | $92,016 |
| 300 | $1,100.21 | $468.57 | — | $79,227 |
| 312 | $1,179.74 | $389.04 | — | $65,513 |
| 324 | $1,265.03 | $303.76 | — | $50,807 |
| 336 | $1,356.48 | $212.31 | — | $35,039 |
| 348 | $1,454.54 | $114.25 | — | $18,131 |
| 360 | $1,559.69 | $9.10 | — | $0 |
What the payment actually costs
Expect roughly $3,400 a year in property tax on a $400,000 home here. Indiana's effective rate of 0.85% ranks 30th of 51, compared with about 1.10% nationally — $283 a month that never appears in a quoted mortgage payment.
Homeowners insurance runs about $1,280 a year in Indiana, 36th of 51 states and below the $1,552 national average. Together, tax and insurance add roughly $390 a month to the payment before you have paid a dollar of principal.
How this fits the rest of your tax bill
Indiana taxes both income and property, so neither side offsets the other. Property tax at 0.85% ranks 30th of 51, and state income tax applies on top. Model both together when comparing against a no-income-tax state, because the comparison flips depending on how much house you buy relative to what you earn.
Housing costs compound with the rate. Indiana runs about 9% below national-average costs, so the same 0.85% rate applies to a smaller assessed value than it would elsewhere. A percentage rate is only half the number that matters; the base it applies to is the other half.
Property tax rates are effective statewide averages; your county assessor sets the actual figure and it varies widely within a state. See our methodology.