Cost of Ownership · Missouri
The true cost of owning a home in Missouri
For a median $230,300 home in Missouri, 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
$1,709/mo
PITI + PMI
True monthly cost
$1,901/mo
everything, incl. upkeep
The gap
+$192/mo
what approval leaves out
Effective property-tax rate
0.85%
Avg. homeowners premium
$1,668/yr
NFIP flood claims on record
51,261
Closing costs in Missouri
Median closing costs and lender origination charges on real home-purchase loans in Missouri, from public CFPB HMDA data. Cells with fewer than 25 loans aren't shown.
Median total closing costs
$4,262
Typically $3,218–$6,711
Median origination charges
$1,523
Typically $1,055–$3,045
| Loan size | p25 | Median | p75 | Loans |
|---|---|---|---|---|
| All | $3,218 | $4,262 | $6,711 | 60,758 |
| All | $2,915 | $3,981 | $6,531 | 59,449 |
| < $250k | $3,116 | $4,141 | $6,192 | 31,253 |
| < $250k | $2,799 | $3,780 | $5,888 | 34,725 |
| $250k–$500k | $3,307 | $4,309 | $8,027 | 24,627 |
| $250k–$500k | $3,075 | $4,215 | $8,254 | 20,888 |
| $500k–$750k | $3,264 | $4,156 | $6,627 | 3,014 |
| $500k–$750k | $3,434 | $4,415 | $6,086 | 3,582 |
| > $750k | $4,102 | $5,135 | $7,253 | 1,296 |
| > $750k | $3,815 | $4,879 | $7,579 | 822 |
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 Missouri
- What are the median closing costs in Missouri?
- Median total closing costs — lender and third-party charges — on a home-purchase loan in Missouri are about $4,262, from public CFPB HMDA data. Cells with fewer than 25 loans are suppressed.
- What is the effective property-tax rate in Missouri?
- The effective property-tax rate in Missouri is about 0.85%, 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 Missouri?
- A median $230,300 home in Missouri costs about $1,901 a month to own — principal, interest, property tax, insurance, PMI, and a maintenance reserve — versus a lender-approved payment of about $1,709. Every figure is from public data.
These figures use Missouri'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 Missouri ranks on property tax and insurance, or browse every state.