Not financial advice. Mortgage FV Calculator is a software calculator, not a personal-finance product or advisory service. It computes standard financial functions and displays the results for your convenience. Nothing here constitutes, or is intended to constitute, financial, investment, tax, legal, mortgage, credit, or insurance advice. Always consult a qualified professional before making any financial decision.
Rochester mortgage calculator
A median-priced Rochester, MN home at 6.75% over 30 years, with Minnesota property tax of 1.05% and $2,400 a year of homeowners insurance. Every figure below is computed on our amortising engine — nothing is estimated in the browser.
$2,622 a month, all in
Principal and interest are $1,985; escrow and PMI add the rest. Over the full term the loan costs $408,496 in interest. Discounted at 5%, buying here has a net present value of $32,112 ($244,009 in today’s dollars).
Within Minnesota, Rochester is 3rd of the 5 Minnesota markets covered here, between Bloomington at the top and Duluth at the bottom of a 1.47x spread. A state-level median hides most of that.
A price-to-rent ratio of 18.3 puts Rochester in the middle of the range, where the rent-vs-buy answer is decided by how long you stay and what the deposit would otherwise earn.
Rochester prices track the Minnesota median closely, at $340,000 against $340,000 statewide, so the state-level tax and insurance assumptions carry over without much adjustment.
Monthly cost in Rochester vs comparable rent
Owning is stacked by component; renting is the local median asking rent.
The monthly breakdown
| Median home price | $340,000 |
|---|---|
| Down payment (10%) | $34,000 |
| Loan amount | $306,000 |
| Principal & interest | $1,985/mo |
| Property tax (1.05%) | $298/mo |
| Homeowners insurance | $200/mo |
| PMI while above 80% LTV | $140/mo |
| Total monthly payment | $2,622/mo |
| Comparable rent | $1,550/mo |
What a rate move does to the Rochester payment
| Rate | Principal & interest |
|---|---|
| 5.5% | $1,737/mo |
| 6% | $1,835/mo |
| 6.5% | $1,934/mo |
| 7% | $2,036/mo |
| 7.5% | $2,140/mo |
| 8% | $2,245/mo |
Rent or buy in Rochester?
Against $1,550 a month in rent, over 7 years renting leaves you about $66,145 better off — $55,645 once 2.5% inflation is stripped out. See the Minnesota rent-vs-buy page.
Where these numbers come from
Minnesota medians come from editorial and are refreshed weekly. The Rochester figures index those state medians to the local market, so they track the same feed rather than going stale. Insurance and the state income tax rate are editorial. Treat everything here as a planning estimate, not a quote.