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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

$2,120

at 6.93% · 30-year fixed

  • Principal & interest

    $1,585

  • Property taxes

    $375

  • Homeowners insurance

    $160

Loan amount

$240,000

Total interest paid

$330,765

Payoff date

—

YOU'RE KEEPING $12,786

$12,786

stays in your pocket

That's your total savings over 30 years at today's best rate on NerdWallet (6.93%) vs. the 7.15% national average — $36 less every month.

  • Today's best rate: 6.93%

  • Get your free rate with no credit impact

Get my rate

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

Written by 
,  Edited by 
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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-rate7.317%7.320%
20-year fixed-rate7.256%7.260%
15-year fixed-rate6.490%6.499%
7-year ARM7.667%7.328%
5-year ARM7.375%6.993%
30-year fixed-rate VA6.560%6.904%
Data source: ©Zillow, Inc. 2006 – 2026. Use is subject to the Terms of Use

Today's rate

7.320%

30-year fixed

Today's mortgage rates in Arkansas are 7.320% for a 30-year fixed, 6.499% 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: What you're hoping to spend on a home.
2. ZIP code: The home's location.
3. Down payment: How much cash you're paying upfront towards the home's price. This calculator defaults to showing a 20% down payment, but you can adjust it up or down by changing the dollar amount or the percentage. This calculator assumes you're using a conventional loan, so it will automatically add private mortgage insurance if the down payment amount is less than 20%.
4. Loan term: The default is 30 years, but you can also choose a shorter term.
5. Interest rate: Use today's average APR, enter the rate you've been quoted or use the lowest APR NerdWallet partners are offering today.
That's the least you can do. To get more accurate results, fill in the following four categories. (Estimates are fine, but this goes over how to get more specific numbers.)
6. Property taxes (per year): This is autofilled with an estimate, but property taxes vary tremendously throughout the country. Get more precise by looking up the tax rate where you're planning to buy or looking at the tax history for the home you're interested in. You can change the property tax amount by editing the dollar amount or the percentage.
7. Homeowners insurance (per year): Mortgage lenders require borrowers to have homeowners insurance. Not sure what you might pay? This calculator puts in an estimate, but you can use NerdWallet's home insurance calculator to fine-tune it. All you need to know is the property location and the rough amount you'd be looking to insure — use the home's price as a proxy.
8. HOA fees: If the home is part of a homeowners association, put the monthly dues here. (The calculator default is no HOA costs.) This is also information you can likely crib from a home's listing. One other note, if there are HOA fees but you're going to pay them directly rather than with an escrow account, you can omit them here.
9. PMI (monthly): If you've entered a down payment amount under 20%, this will autofill, since the calculator assumes you're using a conventional loan. PMI is tied to your credit score, so if you want a more accurate figure, pop over to NerdWallet's PMI calculator. If you're using a VA loan, you can zero this out, since VA loans do not require mortgage insurance. On the other hand, if you're getting an FHA loan, you'll have to pay mortgage insurance premiums regardless of your down payment amount. For more accurate payment info, use our FHA mortgage calculator.
The calculator's results will update as you adjust the numbers in these fields. The results show you the monthly payment, as well as:
  • Loan amount: How much you're actually borrowing in principal.
  • Total interest paid: How much interest you will pay over the life of the mortgage if you keep it until its term ends. (Most people sell or refinance well before that point, but it's still interesting info.)
  • Payoff date: If you kept the same loan for its entire term, here's the month and year when you'd own the home free and clear.
There's also a simple annual amortization schedule. Amortization shows how your mortgage payment changes over time. Even though the principal and interest payment doesn't change with a fixed-rate mortgage, the percentage of that payment that's going toward each component does. At the beginning of the loan, more goes toward interest; the closer to the end of the loan's term, the more of the payment goes toward principal. If you want a more detailed month-by-month look, yes, NerdWallet has an amortization calculator, too.
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CONSIDERING A REFI? 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