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Alaska Mortgage Calculator

Your monthly mortgage payment in Alaska, with Alaska's effective property tax rate (1.10%) built in, at this week's average rate. The calculator starts at the state's median home value, $352,900.

A $353,000 home with 20% down ($282,400 borrowed) at 7.28% over 30 years costs about $2,424 a month: $1,932 principal and interest plus $492 of tax, insurance and dues.

Monthly payment
$2,423.94
Principal and interest
$1,932.22
Tax, insurance, PMI and HOA
$491.72
Total interest over the loan
$413,198
Loan balance and interest paid over 30 years at 7.28%$0$100k$200k$300k$400k$500k051015202530Years━Balance owed━Interest paid so far
Download the schedule (CSV)
Amortization by year: $282,400 at 7.28%
YearInterestPrincipalBalance
1$20,469.24$2,717.35$279,682.65
2$20,264.68$2,921.91$276,760.75
3$20,044.72$3,141.86$273,618.88
4$19,808.21$3,378.38$270,240.51
5$19,553.89$3,632.70$266,607.81
6$19,280.42$3,906.17$262,701.64
7$18,986.37$4,200.22$258,501.42
8$18,670.18$4,516.40$253,985.02
9$18,330.19$4,856.39$249,128.62
10$17,964.61$5,221.98$243,906.64
11$17,571.50$5,615.08$238,291.56
12$17,148.80$6,037.78$232,253.78
13$16,694.29$6,492.30$225,761.48
14$16,205.55$6,981.03$218,780.45
15$15,680.03$7,506.56$211,273.89
16$15,114.94$8,071.64$203,202.25
17$14,507.32$8,679.27$194,522.99
18$13,853.96$9,332.63$185,190.36
19$13,151.41$10,035.18$175,155.18
20$12,395.97$10,790.62$164,364.56
21$11,583.66$11,602.92$152,761.64
22$10,710.21$12,476.38$140,285.26
23$9,771.00$13,415.59$126,869.67
24$8,761.09$14,425.50$112,444.17
25$7,675.15$15,511.43$96,932.74
26$6,507.47$16,679.12$80,253.62
27$5,251.88$17,934.70$62,318.92
28$3,901.78$19,284.81$43,034.11
29$2,450.04$20,736.55$22,297.57
30$889.02$22,297.57$0.00

This week's mortgage rates →

Monthly payment in Alaska by home price (20% down, 7%, 30 years, 1.10% tax, $2,000 insurance)

Home pricePrincipal and interestProperty taxTotal
$180,000$958$166$1,290
$260,000$1,384$239$1,790
$350,000$1,863$322$2,352
$530,000$2,821$488$3,476
$710,000$3,779$654$4,599

How this calculator works

As the mortgage calculator, with Alaska's effective property tax rate from the Census Bureau's American Community Survey 2020–2024 5-year estimates: median taxes $3,901 ÷ median value $352,900.

What it assumes

  • Home insurance varies a lot by state and area; enter your quote.
  • County property tax rates differ from the state figure; see the county pages.

Questions people ask

What is the mortgage payment on a median home in Alaska?

On $352,900 with 20% down at 7% over 30 years: about $1,878 principal and interest and $325 of property tax, $2,370 a month with $2,000 a year of insurance.

What is the median home value in Alaska?

$352,900 for owner-occupied homes (Census American Community Survey 2020–2024 5-year estimates), against $332,700 nationally.

How much is property tax in Alaska?

The effective rate is 1.10%, a median $3,901 a year. See Alaska's property tax page for every county we cover.

How much income do I need for a median Alaska home?

Under the 28% guideline, about $101,568 a year for the payment above; Alaska's median household income is $92,788.

Mortgage calculator by state

Related calculators

  • Mortgage CalculatorYour full monthly mortgage payment: principal and interest, property tax, insurance, PMI and HOA dues, at this week's average rate, with a yearly amortization schedule.
  • Alaska Property Tax CalculatorAlaska homeowners pay a median $3,901 a year in property tax, 1.10% of a median $352,900 home: the 16th highest effective rate of the 50 states and DC.
  • Home Affordability CalculatorThe home price your income supports under the 28/36 guideline lenders use, counting your other debts, down payment, taxes and insurance, at this week's average rate.

Sources

Updated by the RateHerald team. The maths is tested against worked examples; report a problem.