Mortgage Rates in Brownsburg, Indiana — March 2026
Updated March 2026 | Based on Brownsburg market data and regional lending conditions
Brownsburg is a growing city in Indiana with a population of 30,308. The current 30-year fixed mortgage rate in Brownsburg is 6.13%, which is 0.52% below the national average. With a median home price of $305,000 and a 20% down payment of $61,000, homebuyers can expect a monthly principal and interest payment of approximately $1,483.
Current Mortgage Rates in Brownsburg, IN
Below are the current average mortgage rates available in the Brownsburg area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.13% | 6.65% | -0.52% |
| 15-Year Fixed | 5.37% | 5.89% | -0.52% |
| 5/1 ARM | 5.63% | 6.15% | -0.52% |
| FHA | 5.73% | 6.25% | -0.52% |
| VA | 5.53% | 6.05% | -0.52% |
| Jumbo | 6.33% | 6.85% | -0.52% |
Brownsburg Housing Market Overview
The Brownsburg housing market reflects moderate demand with prices near the national average. The median household income in Brownsburg is $72,000, and the cost of living index is 93 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $72,814 to comfortably afford the median-priced home in Brownsburg, which exceeds the current median household income.
Monthly Payment Breakdown for Brownsburg
Based on the median home price of $305,000 with 20% down ($61,000), here is what you can expect to pay monthly in Brownsburg:
15-Year vs. 30-Year Mortgage in Brownsburg
Choosing a 15-year mortgage in Brownsburg at 5.37% instead of a 30-year at 6.13% would save you $178,020 in total interest over the life of the loan. However, your monthly payment would be $1,977 instead of $1,483 — an increase of $494 per month.
Calculate Your Brownsburg Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Brownsburg
What are the current mortgage rates in Brownsburg, IN?
As of March 2026, the average 30-year fixed mortgage rate in Brownsburg, Indiana is 6.13%, while the 15-year fixed rate is 5.37%. FHA loans average 5.73% and VA loans 5.53%. These rates are 0.52% below the national average of 6.65%.
How much is a monthly mortgage payment in Brownsburg?
Based on the median home price of $305,000 with 20% down, the estimated monthly mortgage payment in Brownsburg is $1,483 for principal and interest. Including property taxes of $216/month, the total monthly housing cost is approximately $1,699.
What income do I need to buy a home in Brownsburg?
Using the 28% rule, you would need an annual income of approximately $72,814 to afford the median-priced home in Brownsburg at $305,000. The median household income in Brownsburg is $72,000. This means most households would need to either earn above the median or consider homes below $305,000.
Is Brownsburg a good place to buy a home in 2026?
Brownsburg offers a below-average cost of living with a cost of living index of 93 (national average = 100). The property tax rate in Indiana is 0.85%, which is near the national average. Brownsburg has a population of 30,308 and offers a very affordable lifestyle.
Mortgage Rates in Other Indiana Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Brownsburg, Indiana area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.