Mortgage Rates in Sullivan, Missouri — March 2026
Updated March 2026 | Based on Sullivan market data and regional lending conditions
Sullivan is a growing city in Missouri with a population of 7,026. The current 30-year fixed mortgage rate in Sullivan is 6.62%, which is 0.03% below the national average. With a median home price of $150,000 and a 20% down payment of $30,000, homebuyers can expect a monthly principal and interest payment of approximately $768.
Current Mortgage Rates in Sullivan, MO
Below are the current average mortgage rates available in the Sullivan 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 | 6.62% | 6.65% | -0.03% |
| 15-Year Fixed | 5.88% | 5.89% | -0.01% |
| 5/1 ARM | 6.17% | 6.15% | +0.02% |
| FHA | 6.43% | 6.25% | +0.18% |
| VA | 6.18% | 6.05% | +0.13% |
| Jumbo | 6.87% | 6.85% | +0.02% |
Sullivan Housing Market Overview
The Sullivan housing market offers relatively affordable housing compared to many major cities. The median household income in Sullivan is $58,100, and the cost of living index is 83.9 (national average = 100). Based on the 28% affordability rule, the median income in Sullivan is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Sullivan
Based on the median home price of $150,000 with 20% down ($30,000), here is what you can expect to pay monthly in Sullivan:
15-Year vs. 30-Year Mortgage in Sullivan
Choosing a 15-year mortgage in Sullivan at 5.88% instead of a 30-year at 6.62% would save you $95,580 in total interest over the life of the loan. However, your monthly payment would be $1,005 instead of $768 — an increase of $237 per month.
Calculate Your Sullivan 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 Sullivan
What are the current mortgage rates in Sullivan, MO?
As of March 2026, the average 30-year fixed mortgage rate in Sullivan, Missouri is 6.62%, while the 15-year fixed rate is 5.88%. FHA loans average 6.43% and VA loans 6.18%. These rates are 0.03% below the national average of 6.65%.
How much is a monthly mortgage payment in Sullivan?
Based on the median home price of $150,000 with 20% down, the estimated monthly mortgage payment in Sullivan is $768 for principal and interest. Including property taxes of $125/month, the total monthly housing cost is approximately $893.
What income do I need to buy a home in Sullivan?
Using the 28% rule, you would need an annual income of approximately $38,271 to afford the median-priced home in Sullivan at $150,000. The median household income in Sullivan is $58,100. The median income is currently sufficient to meet this threshold.
Is Sullivan a good place to buy a home in 2026?
Sullivan offers a below-average cost of living with a cost of living index of 83.9 (national average = 100). The property tax rate in Missouri is 1%, which is near the national average. Sullivan has a population of 7,026 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 Sullivan, Missouri area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.