Arkansas Mortgage Calculator
Arkansas has a low effective property tax rate (~0.62%) and modest home values, keeping monthly housing costs well below the national average.
Arkansas's effective property-tax rate runs around 0.62%, well below the national mean. With median home values near $210,000, total PITI for a typical loan stays among the most affordable in the country. Insurance premiums are slightly below average. Little Rock and Fayetteville buyers often use FHA or conventional conforming; VA loans are common near Little Rock Air Force Base.
Mortgage Calculator
How Mortgage Calculations Work
Loan Amount
We calculate the principal by subtracting your down payment from the home price.
Monthly Payment
Using the loan amount, interest rate, and term, we calculate your fixed monthly payment.
Amortization
Each payment is split between principal and interest, with early payments going more toward interest.
What factors affect your mortgage payment?
- Home Price: The total purchase price of your property
- Down Payment: Large down payments reduce your loan amount and monthly payment
- Interest Rate: Higher rates mean higher monthly payments and more total interest
- Loan Term: Longer terms have lower monthly payments but more total interest
Arkansas Mortgage: Median-Priced Home Example
| Item | Value | Notes |
|---|---|---|
| Median home value | $210,000 | Zillow ZHVI Q2 2026 |
| Loan (80% LTV) | $168,000 | 20% down avoids PMI |
| P&I (6.5% / 30yr) | $1,062/mo | 2026 baseline conforming rate |
| Property tax | $109/mo | 0.62% effective rate |
| Homeowners insurance | $142/mo | $1,700/yr (Tornado and severe-storm risk; river flood risk in lowlands.) |
| Total PITI | $1,312/mo | All-in monthly housing cost |
| Conforming loan limit | $832,750 | FHFA 2026 baseline |
Numbers are illustrative. Your rate, taxes, and insurance vary by county, credit score, and exact property. Use the calculator above to model your scenario.
Arkansas Sources & References
- Arkansas Department of Revenue / Tax Foundation: effective residential property-tax rate of 0.62%.
- Insurance Information Institute (III): average annual homeowners-insurance premium of $1,700 in Arkansas.
- Zillow ZHVI Q2 2026: Arkansas median home value $210,000.
- Federal Housing Finance Agency (FHFA): 2026 conforming loan limit of $832,750 for Arkansas.
- FEMA National Risk Index: tornado and severe-storm risk; river flood risk in lowlands.
Verified accuracy
Cross-checked against authoritative formulas (IRS, NIST, ACM) and updated for 2025/2026 tax years and rates.
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Learn as you calculate
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Estimates only. Calculator results are for educational and planning purposes — not professional advice. For binding decisions on taxes, investments, health, or legal matters, consult a qualified professional.