Illinois Mortgage Calculator
Estimate the monthly PITI payment on a Illinois home. Preseeded with the state’s 2.27% effective property-tax rate, $1,400 average annual insurance, and $270,000 median home price.
Loan Parameters
$
$
Percentage
20.0 %
Loan Term
Advanced Options
$
Monthly Payment (PITI)
$2,083
- Principal & Interest
- $1,365
- Property Taxes
- $511
- Home Insurance
- $117
- PMI
- $90
Total Interest
$275,496
Total Cost
$717,366
Payoff Year
2056
Illinois Property Tax, Insurance & Home Prices
- Effective property-tax rate
- 2.27%
- Avg annual insurance
- $1,400
- Median home price
- $270,000
Statewide averages, last reviewed May 2026. Actual rates and premiums vary significantly by county, city, and parcel — see the notes below.
Notable Illinois Rules
Illinois has the second-highest effective property-tax rate in the US. Cook County (Chicago metro) bills are particularly steep due to high mill rates and aggressive assessment cycles. Senior Citizens, Disabled Persons, and Veterans homestead exemptions are available statewide.
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Frequently Asked Questions
- Illinois's statewide effective property-tax rate is approximately 2.27% of home value (last reviewed May 2026). Actual county- and city-level rates vary; check your specific parcel before budgeting.