Minneapolis, MN Mortgage Calculator
Estimate your monthly mortgage payment in Minneapolis including property taxes, homeowners insurance, PMI, and 2025 loan limits.
Extra Monthly Payment
$
Estimated Monthly Payment
$2,207
Estimates are for educational purposes only and are not a loan offer or commitment to lend.
FHA Eligible
Loan Amount: $264,000
LTV: 0.01%
P&I Payment
$1,748
Total Interest
$365,115
over loan life
Payoff
30 yr
Closing Costs
$5,306–$9,905
est. range
Monthly Payment Breakdown
2025 Loan Limit Context
FHA Limit
$524,225
Conforming Limit
$806,500
Amortization Schedule
| Mo. | Payment | Principal | Interest | Balance | Total Interest |
|---|---|---|---|---|---|
| 1 | $1,748 | $219 | $1,529 | $263,781 | $1,529 |
| 2 | $1,748 | $220 | $1,528 | $263,562 | $3,057 |
| 3 | $1,748 | $221 | $1,526 | $263,341 | $4,583 |
| 4 | $1,748 | $222 | $1,525 | $263,118 | $6,108 |
| 5 | $1,748 | $224 | $1,524 | $262,895 | $7,632 |
| 6 | $1,748 | $225 | $1,523 | $262,670 | $9,155 |
| 7 | $1,748 | $226 | $1,521 | $262,443 | $10,676 |
| 8 | $1,748 | $228 | $1,520 | $262,216 | $12,196 |
| 9 | $1,748 | $229 | $1,519 | $261,987 | $13,715 |
| 10 | $1,748 | $230 | $1,517 | $261,757 | $15,232 |
| 11 | $1,748 | $232 | $1,516 | $261,525 | $16,748 |
| 12 | $1,748 | $233 | $1,515 | $261,292 | $18,263 |
Months 1–12 of 360
2025 Loan Limits — Hennepin County, MN
| Limit Type | 2025 Limit | Note |
|---|---|---|
| FHA Loan Limit (1-unit) | $524,225 | Max loan for FHA-insured mortgage |
| Conforming Loan Limit (1-unit) | $806,500 | Fannie Mae / Freddie Mac eligible |
Source: HUD / FHFA. Data as of 2025-01-15.
FAQ — Minneapolis Mortgage
What is the average mortgage payment in Minneapolis?
Based on the median home value of $330,000 in Minneapolis, a 30-year conventional loan with 20% down at current illustrative rates would result in an estimated P&I payment. Add local property taxes and insurance for a full PITI estimate.
What is the 2025 FHA loan limit in Minneapolis?
The 2025 FHA loan limit for Minneapolis (Hennepin County) is $524,225.
What is the conforming loan limit in Minneapolis?
The 2025 conforming loan limit for Minneapolis is $806,500. Loans above this are considered jumbo.