Arkansas mortgage calculator with property tax and insurance
Median home price in Arkansas: $230,000. Effective property tax 0.62%/yr, homeowners insurance ≈ $2,300/yr. Rates updated Oct 8, 2026.
Payment by loan term
| Term | P&I | All-in | Total interest |
|---|---|---|---|
| 10 yr | $2,184 | $2,495 | $78,094 |
| 15 yr | $1,706 | $2,016 | $123,026 |
| 20 yr | $1,482 | $1,793 | $171,750 |
| 30 yr | $1,287 | $1,597 | $279,160 |
Adjust the numbers
Monthly breakdown
Total interest $279,160 · total PMI $0 · paid off in 30 years
Compare loan terms
| Term | Monthly (P&I) | Total monthly | Total interest |
|---|---|---|---|
| 10 years | $2,184 | $2,495 | $78,094 |
| 15 years | $1,706 | $2,016 | $123,026 |
| 20 years | $1,482 | $1,793 | $171,750 |
| 30 years | $1,287 | $1,597 | $279,160 |
Amortization schedule
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 1 | $13,742 | $1,696 | $182,304 |
| 2 | $13,611 | $1,828 | $180,476 |
| 3 | $13,469 | $1,970 | $178,506 |
| 4 | $13,316 | $2,123 | $176,384 |
| 5 | $13,151 | $2,287 | $174,096 |
| 6 | $12,974 | $2,465 | $171,631 |
| 7 | $12,782 | $2,656 | $168,975 |
| 8 | $12,576 | $2,863 | $166,112 |
| 9 | $12,354 | $3,085 | $163,027 |
| 10 | $12,114 | $3,324 | $159,703 |
| 11 | $11,856 | $3,582 | $156,120 |
| 12 | $11,578 | $3,861 | $152,260 |
| 13 | $11,278 | $4,160 | $148,100 |
| 14 | $10,955 | $4,483 | $143,616 |
| 15 | $10,607 | $4,831 | $138,785 |
| 16 | $10,232 | $5,206 | $133,579 |
| 17 | $9,828 | $5,611 | $127,968 |
| 18 | $9,393 | $6,046 | $121,922 |
| 19 | $8,923 | $6,515 | $115,407 |
| 20 | $8,417 | $7,021 | $108,385 |
| 21 | $7,872 | $7,566 | $100,819 |
| 22 | $7,285 | $8,154 | $92,665 |
| 23 | $6,652 | $8,787 | $83,879 |
| 24 | $5,970 | $9,469 | $74,410 |
| 25 | $5,235 | $10,204 | $64,206 |
| 26 | $4,443 | $10,996 | $53,210 |
| 27 | $3,589 | $11,850 | $41,360 |
| 28 | $2,669 | $12,770 | $28,590 |
| 29 | $1,678 | $13,761 | $14,829 |
| 30 | $609 | $14,829 | $0 |
Showing 360 payments. Schedule assumes a fixed rate and constant home value for PMI cancellation.
Down payment scenarios in Arkansas
| Down | Cash needed | PMI | Monthly |
|---|---|---|---|
| 3% | $6,900 | $102 | $1,973 |
| 5% | $11,500 | $100 | $1,938 |
| 10% | $23,000 | $95 | $1,853 |
| 15% | $34,500 | $90 | $1,767 |
| 20% | $46,000 | $0 | $1,597 |
| 25% | $57,500 | $0 | $1,517 |
Around the Arkansas median price
| Home price | P&I | All-in monthly |
|---|---|---|
| $175,000 | $979 | $1,261 |
| $230,000 | $1,287 | $1,597 |
| $290,000 | $1,622 | $1,964 |
| $345,000 | $1,930 | $2,300 |
Detailed payment examples
FAQ
What is the average property tax rate in Arkansas?
Arkansas's effective property tax rate is about 0.62% of home value per year, which is $119 per month on a $230,000 home. Rates vary by county and by exemptions, so treat this as a planning estimate.
How much is homeowners insurance in Arkansas?
A typical Arkansas policy runs around $2,300 per year ($192 per month). Coastal and hail-prone areas can be significantly higher.
Is a $230,000 home affordable in Arkansas?
At 7.50% with 20% down, the estimated all-in payment is $1,597 per month. Using the 28% rule that implies a household income near $68,000 per year before other debts.