Mortgage Rates in Seymour, Indiana — March 2026
Updated March 2026 | Based on Seymour market data and regional lending conditions
Seymour is a growing city in Indiana with a population of 21,569. The current 30-year fixed mortgage rate in Seymour is 6.85%, which is 0.2% above the national average. With a median home price of $184,000 and a 20% down payment of $36,800, homebuyers can expect a monthly principal and interest payment of approximately $965.
Current Mortgage Rates in Seymour, IN
Below are the current average mortgage rates available in the Seymour 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 | 6.85% | 6.65% | +0.2% |
| 15-Year Fixed | 6.07% | 5.89% | +0.18% |
| 5/1 ARM | 6.31% | 6.15% | +0.16% |
| FHA | 6.55% | 6.25% | +0.3% |
| VA | 6.3% | 6.05% | +0.25% |
| Jumbo | 7.1% | 6.85% | +0.25% |
Seymour Housing Market Overview
The Seymour housing market offers relatively affordable housing compared to many major cities. The median household income in Seymour is $57,800, and the cost of living index is 88.2 (national average = 100). Based on the 28% affordability rule, the median income in Seymour is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Seymour
Based on the median home price of $184,000 with 20% down ($36,800), here is what you can expect to pay monthly in Seymour:
15-Year vs. 30-Year Mortgage in Seymour
Choosing a 15-year mortgage in Seymour at 6.07% instead of a 30-year at 6.85% would save you $122,760 in total interest over the life of the loan. However, your monthly payment would be $1,248 instead of $965 — an increase of $283 per month.
Calculate Your Seymour 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 Seymour
What are the current mortgage rates in Seymour, IN?
As of March 2026, the average 30-year fixed mortgage rate in Seymour, Indiana is 6.85%, while the 15-year fixed rate is 6.07%. FHA loans average 6.55% and VA loans 6.3%. These rates are 0.2% above the national average of 6.65%.
How much is a monthly mortgage payment in Seymour?
Based on the median home price of $184,000 with 20% down, the estimated monthly mortgage payment in Seymour is $965 for principal and interest. Including property taxes of $126/month, the total monthly housing cost is approximately $1,091.
What income do I need to buy a home in Seymour?
Using the 28% rule, you would need an annual income of approximately $46,757 to afford the median-priced home in Seymour at $184,000. The median household income in Seymour is $57,800. The median income is currently sufficient to meet this threshold.
Is Seymour a good place to buy a home in 2026?
Seymour offers a below-average cost of living with a cost of living index of 88.2 (national average = 100). The property tax rate in Indiana is 0.82%, which is near the national average. Seymour has a population of 21,569 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 Seymour, Indiana area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.