Arkansas Mortgage Calculator - Monthly Payment with Taxes, PMI & Insurance
Arkansas property taxes are local and generally moderate compared with many high-cost states. This state page models a statewide planning estimate for property tax, the Arkansas real property transfer tax at $3.30 per $1,000 of sale price (0.33%), and the $350 homestead tax credit for owner-occupied primary residences.
Loan Details
$70,000 · LTV 80%
Buyer Profile
Extra Payment
Optional principal-only payment used to estimate payoff speed and interest savings.
Monthly Payment
$1,770 Principal & Interest · $181 Property Taxes · $125 Other
Methodology and limitations
Last reviewed:
Methodology
Uses standard principal-and-interest mortgage math, then models housing-cost inputs such as tax, insurance, PMI, and extra-payment scenarios where available.
Limitations
Planning estimate only. Actual approval, escrow, PMI, fees, taxes, insurance, and closing disclosures depend on lender, property, borrower profile, and local rules.
Arkansas Mortgage Calculator - Monthly Payment with Taxes, PMI & Insurance
Arkansas property taxes are local and generally moderate compared with many high-cost states. This state page models a statewide planning estimate for property tax, the Arkansas real property transfer tax at $3.30 per $1,000 of sale price (0.33%), and the $350 homestead tax credit for owner-occupied primary residences.
Use this mortgage calculator for Arkansas to estimate the monthly payment with principal, interest, configured annual taxes, eligible exemptions, and assistance programs when the buyer profile matches the conditions.
What This Estimate Uses
- Geographic level: state
- Configured property tax rate: 0.62%
- Configured benefits or exemptions: 2
- Reviewed sources: 3
What Changes in Arkansas
- Data level used: state. This page uses the most specific available data layer for Arkansas.
- Configured combined annual property tax rate: 0.62% before exemptions and buyer-specific conditions are applied.
Local Tax Assumptions
These are the annual tax assumptions configured for this page. The calculator applies them to the appropriate value, then accounts for exemptions or conditions when the buyer selects them.
- Arkansas Local Property Tax — 0.620%
Programs and Exemptions Included
These benefits do not mean automatic approval. The calculator models them when the buyer inputs match the configured eligibility conditions.
- Arkansas Homestead Property Tax Credit — $350 (requires: primary residence)
- Mortgage Credit Certificate (MCC) — 20% of mortgage interest (requires: first-time buyer, primary residence, buyer has a Mortgage Credit Certificate)
When This Estimate Can Change
- The actual property tax bill depends on the address, overlapping taxing jurisdictions, approved exemptions, and appraised value.
- Home insurance, flood insurance, HOA dues, and PMI can vary by property, lender, and buyer profile.
- Configured closing costs include Arkansas Real Property Transfer Tax, but other settlement charges may appear on a real loan estimate.
Local Data and Sources
Last editorial verification: June 30, 2026. This page combines the official data layers configured for Arkansas.
The sources used on this page are Consumer Financial Protection Bureau mortgage cost guidance, Arkansas Department of Finance and Administration real property transfer tax, Arkansas Assessment Coordination Department property tax. Each source lists which rate, exemption, or program it validates and when it was last reviewed.
- Consumer Financial Protection Bureau mortgage cost guidance — verified May 3, 2026 — General U.S. mortgage closing-cost and mortgage-cost guidance.
- Arkansas Department of Finance and Administration real property transfer tax — verified June 30, 2026 — Official source for Arkansas real property transfer tax of $3.30 per $1,000 of consideration on transactions over $100.
- Arkansas Assessment Coordination Department property tax — verified June 30, 2026 — Official source for Arkansas property assessment and local property-tax administration.
Frequently Asked Questions
What is the Arkansas real estate transfer tax rate?
Arkansas levies a real property transfer tax of $3.30 per $1,000 of actual consideration on transactions over $100, equal to 0.33% of the sale price. Use the transfer-tax calculator to estimate deed tax at closing from your purchase price.
Does Arkansas have a statewide property tax?
Arkansas does not set one statewide property tax rate. Counties, cities, and school districts set local millage rates. This page uses a broad effective-rate planning estimate; verify your parcel bill with the county assessor.
Does this mortgage calculator include taxes and insurance?
Yes. This calculator estimates your full monthly housing payment by combining principal and interest with property taxes, homeowners insurance, and PMI when your down payment is below 20%. The result reflects a PITI-style payment rather than principal and interest alone, which helps you compare homes and loan scenarios more realistically before talking to a lender.
When does PMI apply on a mortgage?
Private Mortgage Insurance (PMI) typically applies when your loan-to-value ratio exceeds 80%, meaning your down payment is less than 20% of the purchase price. PMI is usually added to the monthly payment until you reach sufficient equity. This calculator includes PMI in the estimate when your inputs trigger it, so you can see how a smaller down payment affects affordability.
Is a 30-year or 15-year mortgage better?
A 15-year mortgage generally has a lower rate and less total interest, but higher monthly payments because the loan is repaid faster. A 30-year mortgage spreads payments over a longer term, keeping the monthly cost lower while increasing lifetime interest. Use both term options in the calculator to compare monthly PITI and total interest for the same home price and local tax assumptions.