Indiana Mortgage Calculator
See your monthly payment on a Indiana home, including property tax at the state average of 0.81%.
Monthly payment in Indiana
With 20% down, a 30-year loan at 6.5% and Indiana's effective property tax of 0.81%:
| Home price | Principal and interest | Property tax | Insurance (est.) | Total per month |
|---|---|---|---|---|
| $250,000 | $1,264 | $169 | $150 | $1,583 |
| $300,000 | $1,517 | $203 | $150 | $1,869 |
| $400,000 | $2,023 | $270 | $150 | $2,443 |
| $500,000 | $2,528 | $338 | $150 | $3,016 |
| $600,000 | $3,034 | $405 | $150 | $3,589 |
The 6.5% rate is an example. Current rates change weekly; see Freddie Mac for the latest average.
Property tax in Indiana
The effective property tax rate in Indiana is about 0.81% of a home's value each year. On a $400,000 home that is roughly $3,240 a year or $270 a month. Actual bills depend on county, school district and exemptions.
How Indiana property tax compares
The average effective property tax rate across states is about 0.99%. Indiana ranks number 22 of 51 from lowest to highest. States with the closest rates:
| State | Effective rate | Monthly tax on $400,000 |
|---|---|---|
| Mississippi | 0.78% | $260 |
| Florida | 0.8% | $267 |
| North Carolina | 0.8% | $267 |
| Indiana | 0.81% | $270 |
| Virginia | 0.82% | $273 |
| Kentucky | 0.83% | $277 |
| Washington | 0.84% | $280 |
15-year or 30-year loan?
| Loan on $320,000 at 6.5% | Monthly principal and interest | Total interest |
|---|---|---|
| 30-year fixed | $2,023 | $408,142 |
| 15-year fixed | $2,788 | $181,758 |
A 15-year loan costs more each month but saves a large amount of interest. Property tax and insurance in Indiana come on top of either payment.
Frequently asked questions
How much is a $400,000 mortgage payment in Indiana?
With 20% down at 6.5% for 30 years the payment is about $2,443 a month including estimated tax and insurance.
Sources and method
Page last updated November 2026. See our editorial policy and disclaimer.