Arkansas Mortgage Calculator
Estimate your monthly mortgage payment in Arkansas with state-specific property tax, insurance, and homestead data pre-loaded. Median home value in Arkansas is $215,000 with an effective property tax rate of 0.61%.
Mortgage Calculator
Estimate your monthly payment including taxes, insurance, and PMI.
Optional
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
Year 1 | $13,045.92 | $1,922.52 | $11,123.40 | $170,077.48 |
| 1 | $1,087.16 | $155.49 | $931.67 | $171,844.51 |
| 2 | $1,087.16 | $156.34 | $930.82 | $171,688.17 |
| 3 | $1,087.16 | $157.18 | $929.98 | $171,530.99 |
| 4 | $1,087.16 | $158.03 | $929.13 | $171,372.96 |
| 5 | $1,087.16 | $158.89 | $928.27 | $171,214.07 |
| 6 | $1,087.16 | $159.75 | $927.41 | $171,054.32 |
| 7 | $1,087.16 | $160.62 | $926.54 | $170,893.70 |
| 8 | $1,087.16 | $161.49 | $925.67 | $170,732.21 |
| 9 | $1,087.16 | $162.36 | $924.80 | $170,569.85 |
| 10 | $1,087.16 | $163.24 | $923.92 | $170,406.61 |
| 11 | $1,087.16 | $164.12 | $923.04 | $170,242.49 |
| 12 | $1,087.16 | $165.01 | $922.15 | $170,077.48 |
Year 2 | $13,045.92 | $2,051.28 | $10,994.64 | $168,026.20 |
Year 3 | $13,045.92 | $2,188.66 | $10,857.26 | $165,837.54 |
Year 4 | $13,045.92 | $2,335.23 | $10,710.69 | $163,502.31 |
Year 5 | $13,045.92 | $2,491.61 | $10,554.31 | $161,010.70 |
What is a Mortgage Calculator?
A mortgage calculator helps you estimate your total monthly housing payment, including principal, interest, property taxes, home insurance, and private mortgage insurance (PMI). This gives you a complete picture of what homeownership will cost each month.
Unlike a simple loan calculator, a mortgage calculator accounts for additional costs that come with buying a home. Property taxes and insurance are typically required by lenders to be included in your monthly payment through an escrow account.
All calculations happen in your browser. No financial data is sent to any server, so your information stays completely private.
Arkansas Housing Snapshot
| Median Home Value | $215,000 |
| Effective Property Tax Rate | 0.61% |
| Estimated Annual Property Tax | $1,312 |
| State Income Tax | Up to 3.9% |
| Homestead Exemption | $425 property tax credit on primary residence |
| Avg Homeowners Insurance | $2,740/yr |
| Transfer & Recording Taxes | Real estate transfer tax $3.30 per $1,000 (0.33%) |
What Makes Buying in Arkansas Different
Arkansas offers one of the lowest cost-of-entry housing markets in the country. The statewide median home value of $215,000 means a 20% down payment is around $43,000, accessible to a much wider buyer pool than coastal states. The effective property tax rate is 0.61%, near the bottom nationally, and homeowners get a flat $425 annual property tax credit on their primary residence (the Amendment 79 homestead credit). State income tax tops out at 3.9% after recent cuts. Insurance is the soft spot. Arkansas sits in tornado alley, and annual homeowners insurance averages $2,740, with significant variation by county. Northwest Arkansas (Fayetteville-Springdale-Bentonville) has emerged as the fastest-growing metro thanks to Walmart, Tyson Foods, and JB Hunt headquarters, pushing home prices in Bentonville and Rogers well above the state median. The rest of the state remains highly affordable by national standards.
Top Cities in Arkansas
| City | Median Home Value |
|---|---|
| Little Rock | $215,000 |
| Fayetteville | $340,000 |
| Fort Smith | $165,000 |
| Springdale | $285,000 |
| Jonesboro | $185,000 |
Amendment 79 provides a flat $425 property tax credit on your primary residence, applied directly to your annual property tax bill. To qualify, the home must be your principal place of residence. The credit is on top of any assessment cap protections (Arkansas caps annual assessed-value increases at 5% on homestead properties under Amendment 79).
Arkansas is in the heart of tornado alley, with significant hail and wind exposure. Average homeowners insurance runs $2,740 per year, more than double the property tax on a median home. Counties along the Mississippi River face additional flood risk, and separate flood insurance through the NFIP is often required by lenders in floodplain zones.
Northwest Arkansas, anchored by Bentonville (Walmart HQ), Rogers (Tyson, JB Hunt), Fayetteville (University of Arkansas), and Springdale, has been the fastest-growing US metro by percentage in recent years. Home prices in Bentonville now exceed $400,000 median, well above the state average of $215,000. Job migration from coastal cities to remote-friendly NWA continues to push prices.
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Mortgage Calculator
Estimate monthly mortgage payments including taxes, insurance, and PMI.