Indianapolis, IN Mortgage Calculator
Estimate your monthly mortgage payment in Indianapolis including property taxes, homeowners insurance, PMI, and 2025 loan limits.
Extra Monthly Payment
$
Estimated Monthly Payment
$1,595
Estimates are for educational purposes only and are not a loan offer or commitment to lend.
FHA Eligible
Loan Amount: $192,000
LTV: 0.01%
P&I Payment
$1,271
Total Interest
$265,538
over loan life
Payoff
30 yr
Closing Costs
$3,531–$6,591
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 | $1,271 | $159 | $1,112 | $191,841 | $1,112 |
| 2 | $1,271 | $160 | $1,111 | $191,681 | $2,223 |
| 3 | $1,271 | $161 | $1,110 | $191,520 | $3,333 |
| 4 | $1,271 | $162 | $1,109 | $191,359 | $4,442 |
| 5 | $1,271 | $163 | $1,108 | $191,196 | $5,551 |
| 6 | $1,271 | $164 | $1,107 | $191,032 | $6,658 |
| 7 | $1,271 | $165 | $1,106 | $190,868 | $7,764 |
| 8 | $1,271 | $166 | $1,105 | $190,702 | $8,870 |
| 9 | $1,271 | $166 | $1,104 | $190,536 | $9,974 |
| 10 | $1,271 | $167 | $1,104 | $190,369 | $11,078 |
| 11 | $1,271 | $168 | $1,103 | $190,200 | $12,180 |
| 12 | $1,271 | $169 | $1,102 | $190,031 | $13,282 |
Months 1–12 of 360
2025 Loan Limits — Marion County, IN
| 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 — Indianapolis Mortgage
What is the average mortgage payment in Indianapolis?
Based on the median home value of $240,000 in Indianapolis, 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 Indianapolis?
The 2025 FHA loan limit for Indianapolis (Marion County) is $524,225.
What is the conforming loan limit in Indianapolis?
The 2025 conforming loan limit for Indianapolis is $806,500. Loans above this are considered jumbo.