Minnesota Mortgage Calculator
Calculate your monthly mortgage payment for homes in Minnesota, factoring in local property taxes, home insurance, and HOA fees.
Why calculating mortgage in Minnesota is different
Minnesota has a progressive income tax system.
State Income Tax
5.35% - 9.85%
Base Sales Tax
6.875%
State Min Wage
$10.85 / hr
Abbreviation
MN
Minnesota Mortgage Interactive Tool
This calculator uses the latest 2026 data for Minnesota, including the minimum wage of $10.85 and the specific state income tax rates (5.35% - 9.85%).
Frequently Asked Questions about Minnesota Mortgage
How much are typical closing costs in Minnesota?
Closing costs in Minnesota typically range from 2% to 5% of the total loan amount. This includes state-specific mortgage recording taxes and title fees.
Should I buy a home in Minnesota?
Buying a home in Minnesota requires factoring in the local property tax rates and home insurance costs, which can vary drastically between different counties.