Mortgage Rates in Chanute, Kansas — March 2026
Updated March 2026 | Based on Chanute market data and regional lending conditions
Chanute is a growing city in Kansas with a population of 9,119. The current 30-year fixed mortgage rate in Chanute is 6.64%, which is 0.01% below the national average. With a median home price of $157,000 and a 20% down payment of $31,400, homebuyers can expect a monthly principal and interest payment of approximately $805.
Current Mortgage Rates in Chanute, KS
Below are the current average mortgage rates available in the Chanute 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 | 6.64% | 6.65% | -0.01% |
| 15-Year Fixed | 5.9% | 5.89% | +0.01% |
| 5/1 ARM | 6.18% | 6.15% | +0.03% |
| FHA | 6.44% | 6.25% | +0.19% |
| VA | 6.19% | 6.05% | +0.14% |
| Jumbo | 6.89% | 6.85% | +0.04% |
Chanute Housing Market Overview
The Chanute housing market offers relatively affordable housing compared to many major cities. The median household income in Chanute is $57,000, and the cost of living index is 81.1 (national average = 100). Based on the 28% affordability rule, the median income in Chanute is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Chanute
Based on the median home price of $157,000 with 20% down ($31,400), here is what you can expect to pay monthly in Chanute:
15-Year vs. 30-Year Mortgage in Chanute
Choosing a 15-year mortgage in Chanute at 5.9% instead of a 30-year at 6.64% would save you $100,260 in total interest over the life of the loan. However, your monthly payment would be $1,053 instead of $805 — an increase of $248 per month.
Calculate Your Chanute 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 Chanute
What are the current mortgage rates in Chanute, KS?
As of March 2026, the average 30-year fixed mortgage rate in Chanute, Kansas is 6.64%, while the 15-year fixed rate is 5.9%. FHA loans average 6.44% and VA loans 6.19%. These rates are 0.01% below the national average of 6.65%.
How much is a monthly mortgage payment in Chanute?
Based on the median home price of $157,000 with 20% down, the estimated monthly mortgage payment in Chanute is $805 for principal and interest. Including property taxes of $198/month, the total monthly housing cost is approximately $1,003.
What income do I need to buy a home in Chanute?
Using the 28% rule, you would need an annual income of approximately $42,986 to afford the median-priced home in Chanute at $157,000. The median household income in Chanute is $57,000. The median income is currently sufficient to meet this threshold.
Is Chanute a good place to buy a home in 2026?
Chanute offers a below-average cost of living with a cost of living index of 81.1 (national average = 100). The property tax rate in Kansas is 1.51%, which is above the national average. Chanute has a population of 9,119 and offers a very affordable lifestyle.
Mortgage Rates in Other Kansas Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Chanute, Kansas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.