Arkansas Mortgage Calculator

Use this free Arkansas mortgage calculator to estimate your monthly mortgage payments and annual amortization.

Total monthly payment

$2,104.90

Total principal

$240,000

Total interest payments

$325,163.89

Total loan payments

$565,163.89

Payoff date

—

Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in which lenders are listed on the page. Our opinions are our own. Here is a list of our partners.

Mortgage loans from our partners

Check Rate

on NBKC

NBKC

4.5

NerdWallet rating

Min. credit score

620

Min. down payment

3%

Check Rate

on New American Funding

New American Funding

4.0

NerdWallet rating

Min. credit score

N/A

Min. down payment

0%

Check Rate

on Rocket Mortgage, LLC

Rocket Mortgage, LLC

4.5

NerdWallet rating

Min. credit score

580

Min. down payment

3.5%

Check Rate

on Veterans United

Veterans United

5.0

NerdWallet rating

Min. credit score

620

Min. down payment

0%

Check Rate

on Tomo

Tomo

4.5

NerdWallet rating

Min. credit score

600

Min. down payment

3%

COMPARE MORE LENDERS

Getting a Mortgage in Arkansas

Written by

, Edited by

Written by

and

Last updated 11/19/2025

Even though housing prices have been increasing in recent years, similar to overall U.S. market trends, housing is still relatively affordable in Arkansas.

The typical monthly mortgage payment for a median-priced home in Washington County, which includes cities like Fayetteville and Springdale, was $2,102 in Q1 2025, based on a $358,669 home value, according to the National Association of Realtors. By comparison, the national median payment was $2,120 on a median-priced single-family home valued at $402,300.

Arkansas mortgage and refinance rates today (APR)

Accurate as of 08/25/2026.

Product	Interest rate	APR
30-year fixed-rate	6.806%	6.809%
20-year fixed-rate	6.677%	6.685%
15-year fixed-rate	5.946%	5.953%
7-year ARM	6.837%	6.692%
5-year ARM	6.375%	6.433%
30-year fixed-rate VA	5.976%	6.310%

Data source: ©Zillow, Inc. 2006 – 2026. Use is subject to the Terms of Use

Today's rate

6.809%

30-year fixed

Today's mortgage rates in Arkansas are 6.809% for a 30-year fixed, 5.953% for a 15-year fixed, and 6.433% for a 5-year adjustable-rate mortgage (ARM).

Arkansas' first-time home buyer programs

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

» MORE: First-time home buyer programs by state

Average property tax by county

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.

County	Avg. property tax rate	Median home value
Arkansas County	0.54%	$125,900
Ashley County	0.56%	$86,600
Baxter County	0.47%	$155,600
Benton County	0.64%	$306,900
Boone County	0.59%	$158,100
Bradley County	0.54%	$87,900
Calhoun County	0.42%	$82,700
Carroll County	0.54%	$169,700
Chicot County	0.56%	$88,100
Clark County	0.55%	$143,300
Clay County	0.51%	$85,800
Cleburne County	0.46%	$162,200
Cleveland County	0.54%	$109,200
Columbia County	0.50%	$123,200
Conway County	0.52%	$129,600
Craighead County	0.54%	$212,500
Crawford County	0.53%	$154,900
Crittenden County	0.66%	$147,300
Cross County	0.57%	$97,500
Dallas County	0.53%	$94,300
Desha County	0.69%	$88,300
Drew County	0.52%	$123,900
Faulkner County	0.57%	$216,600
Franklin County	0.52%	$117,500
Fulton County	0.50%	$100,000
Garland County	0.51%	$197,100
Grant County	0.52%	$141,400
Greene County	0.53%	$157,400
Hempstead County	0.46%	$104,700
Hot Spring County	0.59%	$119,600
Howard County	0.43%	$125,300
Independence County	0.55%	$111,300
Izard County	0.52%	$110,600
Jackson County	0.46%	$85,700
Jefferson County	0.62%	$95,500
Johnson County	0.54%	$119,800
Lafayette County	0.40%	$70,900
Lawrence County	0.41%	$84,300
Lee County	0.31%	$80,600
Lincoln County	0.57%	$112,500
Little River County	0.45%	$108,200
Logan County	0.45%	$121,600
Lonoke County	0.62%	$184,100
Madison County	0.33%	$148,300
Marion County	0.49%	$147,100
Miller County	0.58%	$137,700
Mississippi County	0.63%	$110,000
Monroe County	0.18%	$84,600
Montgomery County	0.34%	$126,200
Nevada County	0.48%	$85,100
Newton County	0.45%	$160,500
Ouachita County	0.22%	$96,000
Perry County	0.42%	$123,400
Phillips County	0.62%	$74,100
Pike County	0.60%	$99,200
Poinsett County	0.52%	$93,900
Polk County	0.44%	$120,800
Pope County	0.54%	$152,000
Prairie County	0.54%	$87,200
Pulaski County	0.78%	$203,900
Randolph County	0.45%	$110,700
Saline County	0.62%	$207,700
Scott County	0.38%	$97,600
Searcy County	0.33%	$107,100
Sebastian County	0.66%	$170,800
Sevier County	0.51%	$99,200
Sharp County	0.50%	$89,900
St. Francis County	0.43%	$82,400
Stone County	0.40%	$153,700
Union County	0.54%	$110,900
Van Buren County	0.50%	$117,900
Washington County	0.60%	$278,900
White County	0.45%	$154,300
Woodruff County	0.53%	$96,100
Yell County	0.48%	$128,400

Source: American Communities Survey 2022, U.S. Census

How to use the mortgage calculator

To use our mortgage calculator, simply add your details to the following fields:

Home price
Down payment
Interest rate
Loan term (years)

After you enter these four pieces of information, the calculator displays the monthly payment inside the "Loan Estimate" window. It also displays:

Total principal
Total interest payments
Total loan payments
Payoff date

Back to top

Calculating costs in addition to principal and interest

The calculator lets you fine-tune your payment by entering your annual property tax premium, annual home insurance premium, monthly homeowner association (HOA) fee, and monthly private mortgage insurance (PMI) premium.

To enter this information, click “Show Advanced Info” underneath the main loan details. Note that you'll enter the annual cost for property taxes and home insurance and the monthly cost for HOA fees and PMI premiums. The PMI field will only display if your down payment is less than 20%.

In the “Loan Estimate” window, select "Amortization Schedule" to uncover a table that shows how much you'll pay in principal and interest each month, as well as the remaining amount you owe ("Principal balance") after making the payment.

» MORE: What is mortgage amortization?

Explanation of terminology

Total monthly payment: An estimate of all your monthly housing costs, covering your loan principal, interest, taxes, insurance, and PMI.
Total principal: This is the amount you borrow. Each mortgage payment reduces the principal you owe.
Total interest payments: How much interest you would pay over the life of the loan.
Total loan payments: The entire amount of principal and interest paid, excluding taxes, insurance, and PMI.
Down payment: The portion of the home’s price you pay in cash upfront.
Interest rate: How much the lender charges you to lend you the money. Interest rates are expressed as an annual percentage. A lower interest rate gives you a smaller monthly payment.
Loan term (years): The number of years you have to repay the mortgage. A longer term gives you a lower monthly payment, but you’ll pay more interest.
Start date: The month that your first mortgage payment is due.
Payoff date: The month your home will be fully paid off based on the loan term.
Property taxes: The annual tax assessed by a government authority on your home and land. You pay about one-twelfth of your annual property tax bill with each mortgage payment, and the servicer saves them in an escrow account. When the taxes are due, the loan servicer pays them.
Homeowners insurance: Your policy covers damage and financial losses from fire, storms, theft, a tree falling on your house and other bad things. As with property taxes, you pay roughly one-twelfth of your annual homeowners insurance premium each month, and the servicer pays the bill when it's due.
Monthly HOA fees: The amount you may pay each month if you belong to a homeowners association. Typically, these dues are billed directly, not added to the monthly mortgage payment. Because HOA dues can be easy to forget when considering the cost of homeownership, NerdWallet's mortgage calculator allows you to enter them here.
Private mortgage insurance: If you get a conventional mortgage and put down less than 20%, you’ll have to pay a monthly PMI premium. It covers the lender if you default on the loan and can be canceled once you reach 20% equity. FHA loans require a similar fee called a mortgage insurance premium.