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Alaska mortgage calculator

Pre-filled for Alaska: the median home value ($375,000) and the state's effective property tax rate of 1.06%. Change anything to match your home.

Home price
Down payment$75,000
%
Interest rateAPR, fixed
%
Loan term
Extra monthly paymenttoward principal
/ mo

Estimated monthly payment

$2,377.45

Loan $300,000 · 20% down

  • Principal & interest$1,896.20
  • Property tax$331.25
  • Home insurance$150.00
See the month-by-month schedule →
Total interest
$382,637
Total cost
$855,887
Payoff time
30 yr
PMI paid
None

Principal vs. interest by year

1: Principal 3,353, Interest 19,40112: Principal 3,578, Interest 19,1773: Principal 3,817, Interest 18,9374: Principal 4,073, Interest 18,68145: Principal 4,346, Interest 18,4096: Principal 4,637, Interest 18,1187: Principal 4,947, Interest 17,8078: Principal 5,279, Interest 17,47689: Principal 5,632, Interest 17,12210: Principal 6,009, Interest 16,74511: Principal 6,412, Interest 16,34312: Principal 6,841, Interest 15,9131213: Principal 7,299, Interest 15,45514: Principal 7,788, Interest 14,96615: Principal 8,310, Interest 14,44516: Principal 8,866, Interest 13,8881617: Principal 9,460, Interest 13,29418: Principal 10,094, Interest 12,66119: Principal 10,770, Interest 11,98520: Principal 11,491, Interest 11,2632021: Principal 12,261, Interest 10,49422: Principal 13,082, Interest 9,67323: Principal 13,958, Interest 8,79724: Principal 14,893, Interest 7,8622425: Principal 15,890, Interest 6,86526: Principal 16,954, Interest 5,80027: Principal 18,089, Interest 4,66528: Principal 19,301, Interest 3,4532829: Principal 20,594, Interest 2,16130: Principal 21,978, Interest 78230
PrincipalInterest

Amortization schedule by year

YearPrincipalInterestBalance
1$3,353$19,401$296,647
2$3,578$19,177$293,069
3$3,817$18,937$289,252
4$4,073$18,681$285,179
5$4,346$18,409$280,833
Monthly payment$2,377.45

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Alaska at a glance

Effective property tax
1.06%
Rank (1 = highest)
16th of 51
Median home value
$376,500
Median tax bill
$3,976/yr

On the same $400,000 home, property tax in Alaska adds about $353.33/month, versus $296.67/month at the national rate.

Alaska mortgage payments by home price

Home pricePrincipal & interestProperty taxTotal / month
$200,000$1,011.31$176.67$1,337.98
$275,000$1,390.55$242.92$1,783.47
$375,000(median)$1,896.20$331.25$2,377.45
$575,000$2,907.51$507.92$3,565.43
$750,000$3,792.41$662.50$4,604.91

20% down, 6.5% 30-year fixed (example rate), 1.06% property tax, $1,800/yr insurance, no HOA. Also see: how much house you can afford in Alaska.

Mortgage calculators for other states

Assumptions

  • Fixed interest rate for the full term.
  • Property tax, insurance and HOA stay constant (in reality they usually rise over time).
  • PMI applies only when the loan is over 80% of the home price, and stops once the balance reaches 78% of the original price.
  • Extra payments go entirely to principal.
  • Alaska figures: Effective rate = ACS median real estate taxes paid ÷ ACS median value, owner-occupied housing units, by state. Source: US Census Bureau ACS 2024.

Frequently asked questions

What is the property tax rate in Alaska?+

The effective property tax rate in Alaska is about 1.06% of home value a year (median taxes paid $3,976 on a median home worth $376,500). That's the 16th highest of 50 states and DC, and higher than the national 0.89%. Your actual bill depends on your county, city and exemptions.

What's the mortgage payment on a median-priced home in Alaska?+

For a $375,000 home with 20% down at an example 6.5% 30-year rate, the payment is about $2,377.45 a month, including $331.25 of property tax and $150.00 of insurance.

How much income do I need to buy a home in Alaska?+

To afford the median Alaska home ($375,000) under the 28/36 guideline with 10% down and no other debts, you'd need roughly $119,000 a year in gross income at a 6.5% rate.

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Last reviewed October 14, 2026. Calculator version 1.0.0. Sources: US Census Bureau, ACS 2024 1-year, Table B25103 (Median Real Estate Taxes Paid) · US Census Bureau, ACS 2024 1-year, Table B25077 (Median Value, Owner-Occupied). Results are estimates for educational purposes, not financial, tax or lending advice. How we check our numbers.