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Arkansas mortgage calculator

Pre-filled for Arkansas: the median home value ($215,000) and the state's effective property tax rate of 0.52%. Change anything to match your home.

Home price
Down payment$43,000
%
Interest rateAPR, fixed
%
Loan term
Extra monthly paymenttoward principal
/ mo

Estimated monthly payment

$1,330.33

Loan $172,000 · 20% down

  • Principal & interest$1,087.16
  • Property tax$93.17
  • Home insurance$150.00
See the month-by-month schedule →
Total interest
$219,374
Total cost
$478,916
Payoff time
30 yr
PMI paid
None

Principal vs. interest by year

1: Principal 1,923, Interest 11,12312: Principal 2,051, Interest 10,9953: Principal 2,189, Interest 10,8574: Principal 2,335, Interest 10,71145: Principal 2,492, Interest 10,5546: Principal 2,658, Interest 10,3877: Principal 2,837, Interest 10,2098: Principal 3,027, Interest 10,01989: Principal 3,229, Interest 9,81710: Principal 3,445, Interest 9,60011: Principal 3,676, Interest 9,37012: Principal 3,922, Interest 9,1241213: Principal 4,185, Interest 8,86114: Principal 4,465, Interest 8,58115: Principal 4,764, Interest 8,28116: Principal 5,084, Interest 7,9621617: Principal 5,424, Interest 7,62218: Principal 5,787, Interest 7,25919: Principal 6,175, Interest 6,87120: Principal 6,588, Interest 6,4582021: Principal 7,030, Interest 6,01622: Principal 7,500, Interest 5,54623: Principal 8,003, Interest 5,04324: Principal 8,539, Interest 4,5072425: Principal 9,111, Interest 3,93526: Principal 9,721, Interest 3,32527: Principal 10,372, Interest 2,67428: Principal 11,066, Interest 1,9802829: Principal 11,807, Interest 1,23930: Principal 12,595, Interest 44830
PrincipalInterest

Amortization schedule by year

YearPrincipalInterestBalance
1$1,923$11,123$170,077
2$2,051$10,995$168,026
3$2,189$10,857$165,838
4$2,335$10,711$163,502
5$2,492$10,554$161,011
Monthly payment$1,330.33

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Arkansas at a glance

Effective property tax
0.52%
Rank (1 = highest)
40th of 51
Median home value
$215,600
Median tax bill
$1,113/yr

On the same $400,000 home, property tax in Arkansas adds about $173.33/month, versus $296.67/month at the national rate.

Arkansas mortgage payments by home price

Home pricePrincipal & interestProperty taxTotal / month
$100,000$505.65$43.33$698.98
$150,000$758.48$65.00$973.48
$225,000$1,137.72$97.50$1,385.22
$325,000$1,643.38$140.83$1,934.21
$425,000$2,149.03$184.17$2,483.20

20% down, 6.5% 30-year fixed (example rate), 0.52% property tax, $1,800/yr insurance, no HOA. Also see: how much house you can afford in Arkansas.

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.
  • Arkansas 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 Arkansas?+

The effective property tax rate in Arkansas is about 0.52% of home value a year (median taxes paid $1,113 on a median home worth $215,600). That's the 40th highest of 50 states and DC, and lower 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 Arkansas?+

For a $215,000 home with 20% down at an example 6.5% 30-year rate, the payment is about $1,330.33 a month, including $93.17 of property tax and $150.00 of insurance.

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

To afford the median Arkansas home ($215,000) under the 28/36 guideline with 10% down and no other debts, you'd need roughly $67,000 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.