Mortgage · Arkansas
Arkansas Mortgage Calculator
Property tax below is prefilled at Arkansas's median effective rate of 0.62%, so the payment you see is a Arkansas payment rather than a national average. Change any assumption — the numbers update as you type.
- Effective property tax
- 0.62%
- Rank (lowest → highest)
- 13 of 51
- State income tax
- 3.9%
20% or more avoids private mortgage insurance (PMI).
Charged on the loan amount while your loan-to-value is above 80%.
Total monthly payment
$2,379.29
- Principal & interest
- $2,022.62
- Property tax
- $206.67
- Home insurance
- $150.00
- Loan amount
- $320,000
- Total interest over the loan
- $408,141
Amortization by year
| Year | Principal paid | Interest paid | Remaining balance |
|---|---|---|---|
| 1 | $3,577 | $20,695 | $316,423 |
| 2 | $3,816 | $20,455 | $312,607 |
| 3 | $4,072 | $20,200 | $308,535 |
| 4 | $4,345 | $19,927 | $304,191 |
| 5 | $4,636 | $19,636 | $299,555 |
| 6 | $4,946 | $19,325 | $294,609 |
| 7 | $5,277 | $18,994 | $289,332 |
| 8 | $5,631 | $18,641 | $283,701 |
| 9 | $6,008 | $18,264 | $277,693 |
| 10 | $6,410 | $17,861 | $271,283 |
| 11 | $6,839 | $17,432 | $264,444 |
| 12 | $7,297 | $16,974 | $257,146 |
| 13 | $7,786 | $16,485 | $249,360 |
| 14 | $8,308 | $15,964 | $241,053 |
| 15 | $8,864 | $15,407 | $232,189 |
| 16 | $9,458 | $14,814 | $222,731 |
| 17 | $10,091 | $14,180 | $212,640 |
| 18 | $10,767 | $13,505 | $201,873 |
| 19 | $11,488 | $12,784 | $190,385 |
| 20 | $12,257 | $12,014 | $178,128 |
| 21 | $13,078 | $11,193 | $165,050 |
| 22 | $13,954 | $10,317 | $151,096 |
| 23 | $14,889 | $9,383 | $136,207 |
| 24 | $15,886 | $8,386 | $120,321 |
| 25 | $16,950 | $7,322 | $103,372 |
| 26 | $18,085 | $6,187 | $85,287 |
| 27 | $19,296 | $4,976 | $65,991 |
| 28 | $20,588 | $3,683 | $45,403 |
| 29 | $21,967 | $2,304 | $23,436 |
| 30 | $23,436 | $833 | $0 |
Arkansas property tax at other home prices
The calculator opens with the tax for a $400,000 home. Change the home price and the tax field no longer matches — copy the figure for your price from this table.
| Home price | Property tax / year | Added to payment / month |
|---|---|---|
| $250,000 | $1,550 | $129 |
| $400,000 | $2,480 | $207 |
| $600,000 | $3,720 | $310 |
| $850,000 | $5,270 | $439 |
| $1,200,000 | $7,440 | $620 |
What actually changes by state
Mortgage rates barely move across state lines — lenders price on credit, loan size and the market, not geography. What does change, and by a lot, is everything wrapped around the loan: property tax, insurance, and transfer taxes at closing. At 0.62%, Arkansas adds about $207 a month to a $400,000 home before a single dollar of principal. That is the number two identical loans in two states differ by — and it never goes away.
Frequently asked questions
How much is property tax on a home in Arkansas?
At Arkansas's median effective rate of 0.62%, a $400,000 home costs roughly $2,480 a year, or $207 a month added to your payment. Effective rate means tax actually paid as a share of home value, so it already accounts for assessment practices. Your county sets the real bill.
What is included in a Arkansas mortgage payment?
Four things, usually bundled into one monthly transfer: principal and interest on the loan, property tax and homeowners insurance held in escrow, and — if you put less than 20% down — private mortgage insurance. The calculator above shows each separately, because the loan payment alone understates what you actually pay.
Does Arkansas have high property taxes?
Arkansas sits mid-table, ranking 13 of 51 from lowest to highest effective rate.
How much income do I need to buy in Arkansas?
Lenders generally want total housing costs under 28% of gross income and all debt under 36%. Because Arkansas's property tax rate is 0.62%, the tax portion counts toward that 28% — a higher-tax state supports a smaller loan at the same income. Our affordability calculator works the limit backwards from your income.
Do property taxes stop when the mortgage is paid off?
No. Principal and interest end; property tax and insurance continue for as long as you own the home, and both tend to rise. At 0.62%, that is an ongoing $2,480 a year on a $400,000 home — worth building into any retirement plan that assumes a paid-off house is a free one.
Disclaimer: DayCents provides this calculator for educational purposes only. Results are estimates based on your inputs and the stated assumptions — they are not financial advice, a quote, or an offer of credit. Consult a qualified financial professional before making major money decisions.