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Kansas

Current Kansas Mortgage Rates

Compare mortgage rates and closing costs for leading lenders in Kansas. Review free, personalized mortgage rates for Kansas based on your specifc loan amount, program and other factors. Easily compare APRs, fees and monthly payments to find the lender offering the best mortgage terms.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Kansas. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates for Kansas as of July 9, 2020
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.
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How Do Today's Kansas Mortgage Rates Compare?

July 9, 2020

The current average rate for a 30 year fixed rate mortgage in Kansas is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
Kansas Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

How Affordable is Housing in Kansas?

Below we offer valuable insights on the housing market and real estate prices in Kansas. Understand how much you need to make to buy a house in Kansas, including the mortgage you need. Review the monthy loan payment so you can determine if home ownership in Kansas is affordable for you. We provide this helpful information to help you decide if living in Kansas is right for you.

The median home value for Kansas is $168,666

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Kansas is $30,355

With this income, you could qualify for a $151,799 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Kansas is $703

The median household income for Kansas is $60,719

Based on this income, you can afford a home valued at approximately $337,374

The home price you can afford to buy based on household income in Kansas is 200% of the median home value which means housing prices are super affordable. Kansas ranks 3 out of 50 states for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the real estate market in Kansas is super affordable

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Additional Mortgage Resources for Kansas Residents

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