Cost of Ownership · Indiana
The true cost of owning a home in Indiana
For a median $218,200 home in Indiana, here is the full monthly cost — not just the mortgage. Built from public data: the state's median home value and effective property-tax rate, its average homeowners premium, and the current 30-year rate. This is a representative example, not a quote.
Lender-approved payment
$1,567/mo
PITI + PMI
True monthly cost
$1,749/mo
everything, incl. upkeep
The gap
+$182/mo
what approval leaves out
Effective property-tax rate
0.74%
Avg. homeowners premium
$1,191/yr
NFIP flood claims on record
19,283
Closing costs in Indiana
Median closing costs and lender origination charges on real home-purchase loans in Indiana, from public CFPB HMDA data. Cells with fewer than 25 loans aren't shown.
Median total closing costs
$3,920
Typically $2,858–$6,759
Median origination charges
$1,868
Typically $1,193–$3,635
| Loan size | p25 | Median | p75 | Loans |
|---|---|---|---|---|
| All | $2,858 | $3,920 | $6,759 | 74,028 |
| All | $2,702 | $3,906 | $6,679 | 70,456 |
| < $250k | $2,692 | $3,636 | $5,768 | 39,020 |
| < $250k | $2,566 | $3,627 | $5,770 | 42,434 |
| $250k–$500k | $3,071 | $4,358 | $8,516 | 29,940 |
| $250k–$500k | $2,965 | $4,772 | $8,769 | 24,429 |
| $500k–$750k | $2,920 | $3,695 | $6,645 | 2,887 |
| $500k–$750k | $3,128 | $3,963 | $6,694 | 3,744 |
| > $750k | $3,611 | $4,638 | $7,415 | 1,324 |
| > $750k | $3,624 | $4,994 | $7,951 | 706 |
Compare your own Loan Estimate with the Loan Estimate Decoder, or see every state in the Fee & Rate Index.
Common questions about buying a home in Indiana
- What are the median closing costs in Indiana?
- Median total closing costs — lender and third-party charges — on a home-purchase loan in Indiana are about $3,920, from public CFPB HMDA data. Cells with fewer than 25 loans are suppressed.
- What is the effective property-tax rate in Indiana?
- The effective property-tax rate in Indiana is about 0.74%, from the Census American Community Survey (median real estate taxes divided by median home value).
- What does a median home cost to own each month in Indiana?
- A median $218,200 home in Indiana costs about $1,749 a month to own — principal, interest, property tax, insurance, PMI, and a maintenance reserve — versus a lender-approved payment of about $1,567. Every figure is from public data.
These figures use Indiana's median home value and a 10% down payment as a representative example. Your price, rate, and county rate will differ — run your own numbers in the True Cost tool, see how Indiana ranks on property tax and insurance, or browse every state.