Rockford, IL mortgage calculator

Rockford
Mortgage
Calculator

Rockford is a Midwest manufacturing hub on the Rock River, with some of the most affordable home prices in Illinois. Winnebago County's very high property tax rate means the monthly tax escrow can approach or exceed the principal and interest payment — a critical planning consideration.

2.7% county property tax
Real local rates
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$
$
Interest rate6.48%
Monthly payment
$1,273
P&I · Taxes · Insurance
Total interest
$167,734
Principal & Interest$833/mo
Property Tax (2.7%)$371/mo
Homeowners Insurance$69/mo

Recommended for incomes above $55k/yr (28% DTI rule)

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2.7%
Rockford area property tax rate
$165,000
Rockford median home price
$1,273
est. monthly payment at defaults

Rockford housing market

$165,000
Median home price
$47,000
Median household income
148,000
City population

The 2.7% property tax rate reflects the county-level effective rate for Rockford and is used to calculate your monthly tax escrow above. This rate may differ from the statewide Illinois average — county-level data produces more accurate monthly payment estimates for Rockford buyers. Many Rockford properties also carry HOA fees — the area average is approximately $50/month, which is not included in the calculator above.

Rate history

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