Nevada mortgage calculator

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

Nevada housing market

Nevada, the Silver State, is one of the more expensive states for homeownership in ...the country, with the median homeowner spending almost 21% of their income on their home. The average home value has skyrocketed, growing by 13% in 2018 and predicted to grow at 9% in 2019. While growth rates in home value and prices has slown, it's still one of the hottest markets in the country. Consider yourself an extraterrestrial enthusiast? Look no further than Rachel, Nevada, the closest habitation to Area 51.

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$2,012$1,458
Mortgage Rate4.125%2.289%*3.082%*
Total interest paid
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,599$2,012$1,458
Mortgage Rate4.125%2.289%*3.082%*
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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Nevada mortgage and refinance rates today (APR)

ProductInterest rateAPR
30-year fixed-rate2.944%3.000%
20-year fixed-rate2.758%2.836%
15-year fixed-rate2.137%2.226%
10-year fixed-rate1.966%2.068%
7/1 ARM2.661%3.146%
5/1 ARM2.525%3.200%
30-year fixed-rate FHA2.750%3.474%
30-year fixed-rate VA2.632%2.925%

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 Nevada are 3.000% for a 30-year fixed, 2.226% for a 15-year fixed, and 3.200% for a 5/1 adjustable-rate mortgage (ARM).

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Nevada's first-time home buyer programs

The Nevada Housing Division offers several loan programs to help qualified first-time home buyers get a mortgage.

Home Is Possible (HIP)

State program

Review NHD Lenders

at NerdWallet

Best for

Down payment assistance

Closing cost assistance

What you need to know

The Home Is Possible program gives first-time and repeat home buyers up to 5% of the loan amount to pay the down payment, closing costs or a combination of both. The money doesn't have to be repaid if you keep the home as your primary residence. The program can be used to buy a manufactured home....

See full article

Nevada's best mortgage lenders

NerdWallet has done the work for you to pick the best financing partner for you in Nevada.

See full article

Average property tax in Nevada 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 Nevada. 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
Carson City0.64%$217,400
Churchill County0.73%$169,100
Clark County0.72%$250,000
Douglas County0.56%$311,400
Elko County0.63%$198,100
Esmeralda County0.43%$73,500
Eureka County0.34%$83,100
Humboldt County0.66%$163,500
Lander County0.78%$151,900
Lincoln County0.84%$132,900
Lyon County0.74%$158,000
Mineral County0.78%$90,900
Nye County0.71%$125,100
Pershing County0.93%$101,100
Storey County0.68%$187,100
Washoe County0.67%$331,200
White Pine County0.52%$130,600

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."

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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: