Indianapolis, IN mortgage calculator

Indianapolis
Mortgage
Calculator

Indianapolis is Indiana's capital and largest city, with a logistics, life sciences, and motorsports-driven economy. Marion County's property tax rate is near the state average, and the metro remains one of the more affordable large Midwest markets.

0.95% county property tax
Real local rates
No sign-up required
$
$
Interest rate6.48%
Monthly payment
$1,501
P&I · Taxes · Insurance
Total interest
$243,977
Principal & Interest$1,211/mo
Property Tax (0.95%)$190/mo
Homeowners Insurance$100/mo

Recommended for incomes above $65k/yr (28% DTI rule)

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0.95%
Indianapolis area property tax rate
$240,000
Indianapolis median home price
$1,501
est. monthly payment at defaults

Indianapolis housing market

$240,000
Median home price
$52,000
Median household income
887,642
City population

The 0.95% property tax rate reflects the county-level effective rate for Indianapolis and is used to calculate your monthly tax escrow above. This rate may differ from the statewide Indiana average — county-level data produces more accurate monthly payment estimates for Indianapolis buyers. Many Indianapolis properties also carry HOA fees — the area average is approximately $100/month, which is not included in the calculator above.

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