St. Louis City, MO Closing Cost Calculator
Estimated closing costs for a home purchase in St. Louis City including MO-specific transfer taxes.
Estimated closing costs for a $150,000 home with 20% down
Low estimate
$2,588
High estimate
$4,830
Cost Breakdown (Mid Estimate)
| Origination Fee | $900 |
| Title Insurance | $500 |
| Appraisal | $600 |
| MO Transfer Taxes & Fees | $200 |
| Prepaid Items (escrow) | $750 |
| Other Fees | $500 |
| Total (Mid) | $3,450 |
Estimates only. Actual costs vary by lender and transaction.
Local Home Values & Affordability
At a median of $150,000, St. Louis City sits 52% below the national median of $310,000 — making it one of the more affordable markets in our dataset and well within FHA financing range.
A 20% down payment on a median St. Louis City home requires $30,000 in cash — or $5,250 for an FHA-minimum 3.5% down payment. Buyers with less than 20% down will also need to budget for PMI or FHA MIP.
Property Tax in This Market
At 1.45%, St. Louis City's effective property tax rate runs 32% above the national average of 1.10%, contributing meaningfully to the total monthly PITI payment.
Based on the 1.45% effective rate and a median home value of $150,000, a typical homeowner in St. Louis City pays approximately $2,175 in annual property taxes — or $181 per month added to their mortgage payment.
Sources: Tax Foundation 2025
Homeowners Insurance Costs
Homeowners insurance in St. Louis City runs approximately $1,750/year ($146/month), in line with the national average of $1,600.
Premium quotes in St. Louis City typically range from $1,200 to $2,600 per year depending on home age, construction type, coverage limits, and your insurer. Always get multiple quotes.
Sources: NAIC 2024
Loan Limits & Financing Options
A buyer purchasing the median St. Louis City home ($150,000) with FHA's minimum 3.5% down would borrow $144,750 — well within the $541,287 baseline FHA limit for this county. FHA financing is a viable option for most buyers here.
With 20% down on a median-priced home, the loan amount of $120,000 stays $712,750 below the $832,750 conforming limit — giving buyers access to conventional Fannie/Freddie pricing without jumbo underwriting.
Sources: HUD ML 2025-23, FHFA 2026
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