Calculate your monthly mortgage payment in Arkansas. Pre-filled with Arkansas's median home price of $195,000 and an average property tax rate of 0.62%.
Est. Monthly Payment
$1,334
Principal & Interest
$1,152
Property Tax / mo
$101
Total Interest Paid
$239,337
| Home Price | $195,000 | Median home price in Arkansas (2025) |
| Down Payment | 10% ($19,500) | Typical down payment percentage |
| Loan Amount | $175,500 | Home price minus down payment |
| Interest Rate | 6.87% | Approximate 30-year fixed rate (2025 avg) |
| Loan Term | 30 years | Most common mortgage term |
| Property Tax | 0.62% / year | Arkansas average effective rate |
| Home Insurance | 0.5% / year | Approximate annual premium |
ADFA Move-Up Loan Program, DPA programs
Cost of living: Low · Population: 3,011,524
Arkansas has a median home price of approximately $195,000, placing it below the national median. With a 10% down payment of $19,500, a typical buyer would finance $175,500 over 30 years. At a 6.87% fixed rate, the monthly principal and interest payment comes to $1,152.
Property taxes in Arkansas average 0.62% of the assessed home value annually — one of the lower rates in the country. Combined with an estimated $81 for homeowners insurance, your all-in monthly housing cost is approximately $1,334.
Using the 28% housing cost guideline, you would need a gross annual income of approximately $57,185 to qualify comfortably. The median household income in Arkansas is $49,475.
