Mortgage Rates in Excelsior Springs, Missouri — March 2026
Updated March 2026 | Based on Excelsior Springs market data and regional lending conditions
Excelsior Springs is a growing city in Missouri with a population of 11,651. The current 30-year fixed mortgage rate in Excelsior Springs is 6.81%, which is 0.16% above the national average. With a median home price of $199,000 and a 20% down payment of $39,800, homebuyers can expect a monthly principal and interest payment of approximately $1,039.
Current Mortgage Rates in Excelsior Springs, MO
Below are the current average mortgage rates available in the Excelsior Springs 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 | 6.81% | 6.65% | +0.16% |
| 15-Year Fixed | 6.04% | 5.89% | +0.15% |
| 5/1 ARM | 6.29% | 6.15% | +0.14% |
| FHA | 6.53% | 6.25% | +0.28% |
| VA | 6.28% | 6.05% | +0.23% |
| Jumbo | 7.06% | 6.85% | +0.21% |
Excelsior Springs Housing Market Overview
The Excelsior Springs housing market offers relatively affordable housing compared to many major cities. The median household income in Excelsior Springs is $48,500, and the cost of living index is 88.6 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $51,429 to comfortably afford the median-priced home in Excelsior Springs, which exceeds the current median household income.
Monthly Payment Breakdown for Excelsior Springs
Based on the median home price of $199,000 with 20% down ($39,800), here is what you can expect to pay monthly in Excelsior Springs:
15-Year vs. 30-Year Mortgage in Excelsior Springs
Choosing a 15-year mortgage in Excelsior Springs at 6.04% instead of a 30-year at 6.81% would save you $131,580 in total interest over the life of the loan. However, your monthly payment would be $1,347 instead of $1,039 — an increase of $308 per month.
Calculate Your Excelsior Springs Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Excelsior Springs
What are the current mortgage rates in Excelsior Springs, MO?
As of March 2026, the average 30-year fixed mortgage rate in Excelsior Springs, Missouri is 6.81%, while the 15-year fixed rate is 6.04%. FHA loans average 6.53% and VA loans 6.28%. These rates are 0.16% above the national average of 6.65%.
How much is a monthly mortgage payment in Excelsior Springs?
Based on the median home price of $199,000 with 20% down, the estimated monthly mortgage payment in Excelsior Springs is $1,039 for principal and interest. Including property taxes of $161/month, the total monthly housing cost is approximately $1,200.
What income do I need to buy a home in Excelsior Springs?
Using the 28% rule, you would need an annual income of approximately $51,429 to afford the median-priced home in Excelsior Springs at $199,000. The median household income in Excelsior Springs is $48,500. This means most households would need to either earn above the median or consider homes below $199,000.
Is Excelsior Springs a good place to buy a home in 2026?
Excelsior Springs offers a below-average cost of living with a cost of living index of 88.6 (national average = 100). The property tax rate in Missouri is 0.97%, which is near the national average. Excelsior Springs has a population of 11,651 and offers a very affordable lifestyle.
Mortgage Rates in Other Missouri Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Excelsior Springs, Missouri area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.