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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.

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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$1,272.17The answer

Monthly payment

$1,272.17

A $188,000 home with 20% down ($150,400 borrowed) at 7.18% over 30 years costs about $1,272 a month: $1,019 principal and interest plus $253 of tax, insurance and dues.

Principal and interest: $1,018.86
Tax, insurance, PMI and HOA: $253.30
Total interest over the loan: $216,390

Amortization by year: $150,400 at 7.18%

Year	Interest	Principal	Balance
1	$10,750.79	$1,475.55	$148,924.45
2	$10,641.29	$1,585.06	$147,339.39
3	$10,523.66	$1,702.68	$145,636.71
4	$10,397.30	$1,829.04	$143,807.66
5	$10,261.57	$1,964.78	$141,842.89
6	$10,115.76	$2,110.58	$139,732.31
7	$9,959.13	$2,267.21	$137,465.10
8	$9,790.88	$2,435.46	$135,029.64
9	$9,610.15	$2,616.20	$132,413.44
10	$9,416.00	$2,810.35	$129,603.09
11	$9,207.44	$3,018.91	$126,584.18
12	$8,983.40	$3,242.94	$123,341.24
13	$8,742.74	$3,483.60	$119,857.64
14	$8,484.22	$3,742.12	$116,115.52
15	$8,206.52	$4,019.83	$112,095.70
16	$7,908.20	$4,318.14	$107,777.56
17	$7,587.75	$4,638.59	$103,138.97
18	$7,243.52	$4,982.82	$98,156.15
19	$6,873.74	$5,352.60	$92,803.55
20	$6,476.52	$5,749.82	$87,053.72
21	$6,049.83	$6,176.52	$80,877.21
22	$5,591.46	$6,634.88	$74,242.32
23	$5,099.08	$7,127.26	$67,115.06
24	$4,570.17	$7,656.18	$59,458.89
25	$4,002.00	$8,224.35	$51,234.54
26	$3,391.66	$8,834.68	$42,399.86
27	$2,736.04	$9,490.31	$32,909.55
28	$2,031.75	$10,194.59	$22,714.96
29	$1,275.21	$10,951.14	$11,763.83
30	$462.52	$11,763.83	$0.00

Download the schedule (CSV)

This week's mortgage rates

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

Home price	Principal and interest	Property tax	Total
$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.

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.

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Sources

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