Mortgage Rates in Mexico, Missouri — March 2026
Updated March 2026 | Based on Mexico market data and regional lending conditions
Mexico is a growing city in Missouri with a population of 11,543. The current 30-year fixed mortgage rate in Mexico is 6.84%, which is 0.19% above the national average. With a median home price of $194,000 and a 20% down payment of $38,800, homebuyers can expect a monthly principal and interest payment of approximately $1,016.
Current Mortgage Rates in Mexico, MO
Below are the current average mortgage rates available in the Mexico 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 | 6.84% | 6.65% | +0.19% |
| 15-Year Fixed | 6.06% | 5.89% | +0.17% |
| 5/1 ARM | 6.3% | 6.15% | +0.15% |
| FHA | 6.54% | 6.25% | +0.29% |
| VA | 6.29% | 6.05% | +0.24% |
| Jumbo | 7.09% | 6.85% | +0.24% |
Mexico Housing Market Overview
The Mexico housing market offers relatively affordable housing compared to many major cities. The median household income in Mexico is $58,800, and the cost of living index is 80 (national average = 100). Based on the 28% affordability rule, the median income in Mexico is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Mexico
Based on the median home price of $194,000 with 20% down ($38,800), here is what you can expect to pay monthly in Mexico:
15-Year vs. 30-Year Mortgage in Mexico
Choosing a 15-year mortgage in Mexico at 6.06% instead of a 30-year at 6.84% would save you $129,060 in total interest over the life of the loan. However, your monthly payment would be $1,315 instead of $1,016 — an increase of $299 per month.
Calculate Your Mexico 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 Mexico
What are the current mortgage rates in Mexico, MO?
As of March 2026, the average 30-year fixed mortgage rate in Mexico, Missouri is 6.84%, while the 15-year fixed rate is 6.06%. FHA loans average 6.54% and VA loans 6.29%. These rates are 0.19% above the national average of 6.65%.
How much is a monthly mortgage payment in Mexico?
Based on the median home price of $194,000 with 20% down, the estimated monthly mortgage payment in Mexico is $1,016 for principal and interest. Including property taxes of $150/month, the total monthly housing cost is approximately $1,166.
What income do I need to buy a home in Mexico?
Using the 28% rule, you would need an annual income of approximately $49,971 to afford the median-priced home in Mexico at $194,000. The median household income in Mexico is $58,800. The median income is currently sufficient to meet this threshold.
Is Mexico a good place to buy a home in 2026?
Mexico offers a below-average cost of living with a cost of living index of 80 (national average = 100). The property tax rate in Missouri is 0.93%, which is near the national average. Mexico has a population of 11,543 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 Mexico, Missouri area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.