Mortgage on a $100K house in Alaska
$676 a month with 20% down — $538 principal and interest plus $88 property tax and $50 insurance.
Alaska's typical property tax is 1.06% of the home's value a year (U.S. average 0.9%), which adds $88 a month on a $100K home. The typical home in Alaska is worth $397,932, so $100K is 75% below the typical price.
$100K home in Alaska: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $20,000 | $80,000 | $538 | $0 | $138 | $676 | $29,000 |
| 10% down | $10,000 | $90,000 | $605 | $38 | $138 | $781 | $33,500 |
| 5% down | $5,000 | $95,000 | $639 | $40 | $138 | $817 | $35,000 |
| 3.5% down (FHA) | $3,500 | $98,189 | $661 | $44 | $138 | $843 | $36,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.06% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Where in Alaska does $100K buy a typical home?
No Alaska county has a typical home value within 15% of $100K.
0 of 13 Alaska counties tracked by Zillow have a typical home value at or below $100K. See all Alaska home prices.
Other prices in Alaska
Frequently asked questions
What is the mortgage on a $100K house in Alaska?
About $676 a month with 20% down at 7.11%: $538 principal and interest, $88 property tax and $50 insurance.
How much do I need to make to buy a $100K house in Alaska?
About $29,000 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $100K house in Alaska?
At Alaska's typical effective rate of 1.06%, about $1,056 a year. Rates vary by county and city — see the county pages.