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Arkansas Mortgage Calculator

Your monthly mortgage payment in Arkansas, with Arkansas's effective property tax rate (0.55%) built in, at this week's average rate. The calculator starts at the state's median home value, $188,000.

A $188,000 home with 20% down ($150,400 borrowed) at 7.28% over 30 years costs about $1,282 a month: $1,029 principal and interest plus $253 of tax, insurance and dues.

Monthly payment
$1,282.36
Principal and interest
$1,029.06
Tax, insurance, PMI and HOA
$253.30
Total interest over the loan
$220,060
Loan balance and interest paid over 30 years at 7.28%$0$50k$100k$150k$200k$250k051015202530Years━Balance owed━Interest paid so far
Download the schedule (CSV)
Amortization by year: $150,400 at 7.28%
YearInterestPrincipalBalance
1$10,901.46$1,447.20$148,952.80
2$10,792.52$1,556.14$147,396.66
3$10,675.38$1,673.29$145,723.37
4$10,549.41$1,799.25$143,924.12
5$10,413.97$1,934.70$141,989.43
6$10,268.33$2,080.34$139,909.09
7$10,111.72$2,236.94$137,672.15
8$9,943.33$2,405.34$135,266.81
9$9,762.25$2,586.41$132,680.40
10$9,567.55$2,781.11$129,899.29
11$9,358.19$2,990.47$126,908.82
12$9,133.07$3,215.59$123,693.23
13$8,891.01$3,457.65$120,235.58
14$8,630.72$3,717.94$116,517.63
15$8,350.84$3,997.83$112,519.81
16$8,049.89$4,298.78$108,221.03
17$7,726.28$4,622.38$103,598.65
18$7,378.31$4,970.35$98,628.29
19$7,004.15$5,344.52$93,283.78
20$6,601.82$5,746.84$87,536.93
21$6,169.20$6,179.46$81,357.47
22$5,704.02$6,644.64$74,712.83
23$5,203.82$7,144.85$67,567.98
24$4,665.96$7,682.70$59,885.28
25$4,087.62$8,261.05$51,624.24
26$3,465.73$8,882.93$42,741.31
27$2,797.04$9,551.63$33,189.68
28$2,078.00$10,270.66$22,919.02
29$1,304.84$11,043.83$11,875.19
30$473.47$11,875.19$0.00

This week's mortgage rates →

Monthly payment in Arkansas by home price (20% down, 7%, 30 years, 0.55% tax, $2,000 insurance)

Home pricePrincipal and interestProperty taxTotal
$90,000$479$41$687
$140,000$745$65$976
$190,000$1,011$88$1,265
$280,000$1,490$129$1,786
$380,000$2,023$175$2,364

How this calculator works

As the mortgage calculator, with Arkansas's effective property tax rate from the Census Bureau's American Community Survey 2020–2024 5-year estimates: median taxes $1,040 ÷ median value $188,000.

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 Arkansas?

On $188,000 with 20% down at 7% over 30 years: about $1,001 principal and interest and $87 of property tax, $1,254 a month with $2,000 a year of insurance.

What is the median home value in Arkansas?

$188,000 for owner-occupied homes (Census American Community Survey 2020–2024 5-year estimates), against $332,700 nationally.

How much is property tax in Arkansas?

The effective rate is 0.55%, a median $1,040 a year. See Arkansas's property tax page for every county we cover.

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

Under the 28% guideline, about $53,739 a year for the payment above; Arkansas's median household income is $60,773.

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.
  • Arkansas Property Tax CalculatorArkansas homeowners pay a median $1,040 a year in property tax, 0.55% of a median $188,000 home: the 39th 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.