Missouri Home Equity & HELOC Calculator
Calculate home equity and HELOC payments in Missouri. Median home value $235,000, property tax 0.97%. See available equity and monthly payments.
How This Calculator Works
Calculation methodology and assumptions
Home equity calculation for Missouri. Equity = home value − mortgage balance. Maximum borrowable = (home value × max LTV%) − mortgage balance. HELOC payment uses standard amortization. Property tax of 0.97% and home insurance of $2,200/yr are ongoing costs to consider. Most lenders require combined LTV ≤ 80-85%.
Key State Information
Missouri home equity facts: Median home value $235,000 | Property tax 0.97% | Home insurance $2,200/yr | Closing costs ~2.5%. Missouri income tax up to 4.8% may allow HELOC interest deduction for home improvements.
Frequently Asked Questions
How much home equity can I borrow in Missouri?
Most lenders allow up to 80-85% combined loan-to-value (CLTV). With Missouri's median home value of $235,000, a homeowner with 40% equity could borrow up to $47,000-$58,750 via a HELOC.
Is HELOC interest tax deductible in Missouri?
HELOC interest is deductible on federal taxes if the funds are used for home improvements (up to $750,000 of acquisition debt). Missouri's state income tax deduction rules may differ — consult a local tax advisor.
Related Calculators
More Home Equity & HELOC Calculators
More Calculators for Missouri
Explore related financial tools with Missouri data