Home and mortgage

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.

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Home priceDown paymentInterest rateStarts at this week's national averageLoan termProperty taxA year, as a share of the price; about 1% is typical, varying widely by countyHome insurance a yearMortgage insurance (PMI)A year, on the loan, only below 20% downHOA dues a month

Monthly payment$2,404.80The answer

Monthly payment

$2,404.80

A $353,000 home with 20% down ($282,400 borrowed) at 7.18% over 30 years costs about $2,405 a month: $1,913 principal and interest plus $492 of tax, insurance and dues.

Principal and interest: $1,913.08
Tax, insurance, PMI and HOA: $491.72
Total interest over the loan: $406,307

Amortization by year: $282,400 at 7.18%

Year	Interest	Principal	Balance
1	$20,186.32	$2,770.59	$279,629.41
2	$19,980.72	$2,976.20	$276,653.22
3	$19,759.85	$3,197.06	$273,456.15
4	$19,522.59	$3,434.32	$270,021.84
5	$19,267.73	$3,689.18	$266,332.66
6	$18,993.96	$3,962.96	$262,369.70
7	$18,699.86	$4,257.05	$258,112.65
8	$18,383.94	$4,572.97	$253,539.69
9	$18,044.58	$4,912.33	$248,627.36
10	$17,680.04	$5,276.88	$243,350.48
11	$17,288.44	$5,668.48	$237,682.01
12	$16,867.77	$6,089.14	$231,592.87
13	$16,415.90	$6,541.02	$225,051.85
14	$15,930.48	$7,026.43	$218,025.43
15	$15,409.05	$7,547.86	$210,477.56
16	$14,848.92	$8,107.99	$202,369.57
17	$14,247.22	$8,709.69	$193,659.87
18	$13,600.87	$9,356.05	$184,303.83
19	$12,906.55	$10,050.36	$174,253.47
20	$12,160.71	$10,796.21	$163,457.26
21	$11,359.51	$11,597.40	$151,859.86
22	$10,498.86	$12,458.05	$139,401.81
23	$9,574.34	$13,382.57	$126,019.24
24	$8,581.22	$14,375.70	$111,643.55
25	$7,514.39	$15,442.52	$96,201.02
26	$6,368.39	$16,588.52	$79,612.50
27	$5,137.34	$17,819.57	$61,792.93
28	$3,814.94	$19,141.97	$42,650.96
29	$2,394.41	$20,562.50	$22,088.46
30	$868.45	$22,088.46	$0.00

Download the schedule (CSV)

This week's mortgage rates

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

Home price	Principal and interest	Property tax	Total
$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.

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.

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Sources

Updated Sep 30, 2026 by the RateHerald team. The maths is tested against worked examples; report a problem.