Arkansas mortgage calculator

Use our free mortgage calculator to estimate your monthly mortgage payment, your principal and interest, taxes, insurance, and PMI in Arkansas. See how your monthly payment changes by making updates to your home price, down payment, interest rate, and loan term.

Arkansas housing market

Housing is relatively affordable in Arkansas, The Natural State. Even though average income levels trail the U.S. average, Arkansans spend ~17% of income on housing costs - which is less than the national average. Average housing prices have been increasing in recent years, similar to overall U.S. market trends. Fayetteville, home of the University of Arkansas Razorbacks, has among the highest home prices in Arkansas.

Your monthly payment
30 year fixed loan term
Monthly payment
Principal & interest


Property taxes

Homeowners insurance

Homeowners association (HOA) fees

Compare common loan types
Total principal: $240,000
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,599$2,011$1,454
Mortgage Rate4.125%2.276%*3.047%*
Total interest paid
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,599$2,011$1,454
Mortgage Rate4.125%2.276%*3.047%*
Total interest paid

See how your payments change over time for your 30 year fixed loan term

At year 0

30 year fixed loan term

Principal Paid
Interest Paid
Year 0
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We’ll share an interesting insight here for key milestones in your payoff schedule.

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Principal & interest


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Arkansas mortgage and refinance rates today (APR)

ProductInterest rateAPR
30-year fixed-rate2.946%3.008%
20-year fixed-rate2.674%2.760%
15-year fixed-rate2.142%2.242%
10-year fixed-rate2.804%2.955%
7/1 ARM2.552%3.138%
5/1 ARM2.430%3.199%
30-year fixed-rate FHA2.466%3.159%
30-year fixed-rate VA2.561%2.849%

Data source: ©Zillow, Inc. 2006 – 2021. Use is subject to the Terms of Use

Today's rate

30-year fixed

Today’s mortgage rates in Arkansas are 3.008% for a 30-year fixed, 2.242% for a 15-year fixed, and 3.199% for a 5/1 adjustable-rate mortgage (ARM).

Getting ready to buy a home? We’ll find you a highly rated lender in just a few minutes.

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First-time home buyer programs in Arkansas

There are several national first-time home buyer programs that may be able to help you get into a home in Arkansas.

Conventional mortgage

National program

What you need to know

Best for home buyers with good credit looking for low down payments or limited mortgage insurance premiums. A conventional mortgage is a home loan that isn’t guaranteed or insured by the federal government. Conventional mortgages that conform to the requirements set forth by Fannie Mae and Freddie...

See full article

Average property tax in Arkansas counties

Taking U.S. Census data, NerdWallet has crunched the numbers to help you understand what property tax rate you can expect to pay on your future home in Arkansas. Because assessed values aren’t frequently updated, you may pay a higher rate at first but eventually you’ll pay a similar rate.

Avg. property tax rate
Avg. home value
Arkansas County0.54%$80,300
Ashley County0.63%$68,200
Baxter County0.54%$124,400
Benton County0.75%$180,500
Boone County0.55%$116,600
Bradley County0.53%$74,300
Calhoun County0.56%$71,000
Carroll County0.7%$121,100
Chicot County0.63%$63,000
Clark County0.56%$95,000
Clay County0.48%$70,000
Cleburne County0.51%$127,000
Cleveland County0.49%$87,200
Columbia County0.56%$76,200
Conway County0.54%$98,700
Craighead County0.6%$137,500
Crawford County0.62%$112,500
Crittenden County0.71%$106,300
Cross County0.56%$79,400
Dallas County0.35%$64,500
Desha County0.71%$56,700
Drew County0.51%$93,200
Faulkner County0.6%$165,200
Franklin County0.59%$90,600
Fulton County0.45%$91,300
Garland County0.52%$140,400
Grant County0.51%$123,500
Greene County0.61%$110,400
Hempstead County0.37%$76,200
Hot Spring County0.57%$88,900
Howard County0.5%$94,100
Independence County0.61%$104,400
Izard County0.58%$79,400
Jackson County0.35%$61,300
Jefferson County0.63%$85,800
Johnson County0.44%$95,400
Lafayette County0.28%$65,900
Lawrence County0.44%$77,100
Lee County0.27%$67,100
Lincoln County0.54%$66,100
Little River County0.5%$72,400
Logan County0.47%$90,400
Lonoke County0.64%$143,300
Madison County0.42%$108,500
Marion County0.56%$117,300
Miller County0.67%$108,500
Mississippi County0.6%$81,400
Monroe County0.57%$54,500
Montgomery County0.39%$96,900
Nevada County0.5%$62,700
Newton County0.39%$91,600
Ouachita County0.56%$67,900
Perry County0.49%$99,100
Phillips County0.45%$67,100
Pike County0.47%$78,600
Poinsett County0.54%$78,200
Polk County0.44%$87,100
Pope County0.59%$126,100
Prairie County0.51%$65,300
Pulaski County0.86%$156,300
Randolph County0.42%$81,500
Saline County0.66%$154,100
Scott County0.34%$69,800
Searcy County0.26%$89,700
Sebastian County0.63%$124,700
Sevier County0.46%$75,400
Sharp County0.48%$79,900
St. Francis County0.44%$61,900
Stone County0.37%$107,300
Union County0.54%$79,900
Van Buren County0.52%$98,900
Washington County0.67%$172,200
White County0.49%$118,400
Woodruff County0.65%$63,700
Yell County0.59%$100,300

Source: American Communities Survey 2016, U.S. Census

Under "Home price," enter the price (if you're buying) or the current value (if you're refinancing). NerdWallet also has a .

Under "Down payment," enter the amount of your down payment (if you’re buying) or the amount of equity you have (if refinancing). A  is the cash you pay upfront for a home, and  is the value of the home, minus what you owe.

On desktop, under "Interest rate" (to the right), enter the rate. Under "Loan term," click the plus and minus signs to adjust the length of the mortgage in years.

On mobile devices, tap "Refine Results" to find the field to enter the rate and use the plus and minus signs to select the "Loan term."

You may enter your own figures for  and , if you don’t wish to use NerdWallet’s estimates. Edit these figures by clicking on the amount currently displayed.

The mortgage calculator lets you click "Compare common loan types" to view a comparison of different loan terms. Click "Amortization" to see how the principal balance, principal paid (equity) and total interest paid change year by year. On mobile devices, scroll down to see "Amortization."

» MORE: 

The mortgage payment calculation looks like this: M = P [ i(1 + i)^n ] / [ (1 + i)^n – 1]

The variables are as follows:

Determining what your monthly house payment will be is an important part of figuring out how much house you can afford. That monthly payment is likely to be the biggest part of your cost of living.

Using NerdWallet’s mortgage calculator lets you estimate your mortgage payment when you buy a home or refinance. You can change loan details in the calculator to run scenarios. The calculator can help you decide:

Mortgage lenders are required to assess your ability to repay the amount you want to borrow. A lot of factors go into that assessment, and the main one is debt-to-income ratio.

Your  is the percentage of pretax income that goes toward monthly debt payments, including the mortgage, car payments, student loans, minimum credit card payments and child support. Lenders look most favorably on debt-to-income ratios of 36% or less — or a maximum of $1,800 a month on an income of $5,000 a month before taxes.

» MORE: 

If your mortgage payment included just principal and interest, you could use a bare-bones mortgage calculator. But most mortgage payments include other charges as well. Here are the key components of the monthly mortgage payment:

Typically, when you belong to a homeowners association, the dues are billed directly, and it's not added to the monthly mortgage payment. Because HOA dues can be easy to forget, they're included in NerdWallet's mortgage calculator.

The mortgage calculator lets you test scenarios to see how you can reduce the monthly payments:

Your monthly payment can go up over time if: