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Arkansas Mortgage Calculator

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

Loan details

%

Monthly payment

$2,140

at 7.05% · 30-year fixed

  • Principal & interest

    $1,605

  • Property taxes

    $375

  • Homeowners insurance

    $160

Loan amount

$240,000

Total interest paid

$337,726

Payoff date

—

YOU'RE KEEPING $6,410

$6,410

stays in your pocket

That's your total savings over 30 years at today's best rate on NerdWallet (7.05%) vs. the 7.16% national average — $18 less every month.

  • Today's best rate: 7.05%

  • Get your free rate with no credit impact

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No impact to your credit score

Calculated payments and savings are estimates. The calculator result does not constitute an offer for a loan and will not solicit a loan offer. Savings will depend on the actual amounts and rate for which you are approved, should you choose to apply.

Getting a Mortgage in Arkansas

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Last updated November 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)

ProductInterest rateAPR
30-year fixed-rate7.351%7.357%
20-year fixed-rate7.248%7.254%
15-year fixed-rate6.478%6.489%
7-year ARM7.535%7.263%
5-year ARM7.375%6.993%
30-year fixed-rate VA6.625%6.971%
Data source: ©Zillow, Inc. 2006 – 2026. Use is subject to the Terms of Use

Today's rate

7.357%

30-year fixed

Today's mortgage rates in Arkansas are 7.357% for a 30-year fixed, 6.489% for a 15-year fixed, and 6.993% 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.

CountyAvg. property tax rateMedian home value
Arkansas County0.54%$125,900
Ashley County0.56%$86,600
Baxter County0.47%$155,600
Benton County0.64%$306,900
Boone County0.59%$158,100
Bradley County0.54%$87,900
Calhoun County0.42%$82,700
Carroll County0.54%$169,700
Chicot County0.56%$88,100
Clark County0.55%$143,300
Clay County0.51%$85,800
Cleburne County0.46%$162,200
Cleveland County0.54%$109,200
Columbia County0.50%$123,200
Conway County0.52%$129,600
Craighead County0.54%$212,500
Crawford County0.53%$154,900
Crittenden County0.66%$147,300
Cross County0.57%$97,500
Dallas County0.53%$94,300
Desha County0.69%$88,300
Drew County0.52%$123,900
Faulkner County0.57%$216,600
Franklin County0.52%$117,500
Fulton County0.50%$100,000
Garland County0.51%$197,100
Grant County0.52%$141,400
Greene County0.53%$157,400
Hempstead County0.46%$104,700
Hot Spring County0.59%$119,600
Howard County0.43%$125,300
Independence County0.55%$111,300
Izard County0.52%$110,600
Jackson County0.46%$85,700
Jefferson County0.62%$95,500
Johnson County0.54%$119,800
Lafayette County0.40%$70,900
Lawrence County0.41%$84,300
Lee County0.31%$80,600
Lincoln County0.57%$112,500
Little River County0.45%$108,200
Logan County0.45%$121,600
Lonoke County0.62%$184,100
Madison County0.33%$148,300
Marion County0.49%$147,100
Miller County0.58%$137,700
Mississippi County0.63%$110,000
Monroe County0.18%$84,600
Montgomery County0.34%$126,200
Nevada County0.48%$85,100
Newton County0.45%$160,500
Ouachita County0.22%$96,000
Perry County0.42%$123,400
Phillips County0.62%$74,100
Pike County0.60%$99,200
Poinsett County0.52%$93,900
Polk County0.44%$120,800
Pope County0.54%$152,000
Prairie County0.54%$87,200
Pulaski County0.78%$203,900
Randolph County0.45%$110,700
Saline County0.62%$207,700
Scott County0.38%$97,600
Searcy County0.33%$107,100
Sebastian County0.66%$170,800
Sevier County0.51%$99,200
Sharp County0.50%$89,900
St. Francis County0.43%$82,400
Stone County0.40%$153,700
Union County0.54%$110,900
Van Buren County0.50%$117,900
Washington County0.60%$278,900
White County0.45%$154,300
Woodruff County0.53%$96,100
Yell County0.48%$128,400
Source: American Communities Survey 2022, U.S. Census

How to use the mortgage calculator

To use our mortgage calculator, add your details to the following fields:
  1. Home price
  2. Down payment
  3. Interest rate
  4. Loan term (years)
After you enter this information, the calculator displays the monthly payment, as well as:
  • Total principal
  • Total interest payments
  • Payoff date
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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. 
If you're looking to see how much you could save by refinancing your mortgage, try NerdWallet's refinance calculator.
» MORE FOR CANADIAN READERS: Canada mortgage payment calculator
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