Mortgage on a $150K house in Arkansas
$945 a month with 20% down — $807 principal and interest plus $63 property tax and $75 insurance.
Arkansas's typical property tax is 0.5% of the home's value a year (U.S. average 0.9%), which adds $63 a month on a $150K home. The typical home in Arkansas is worth $224,158, so $150K is 33% below the typical price.
$150K home in Arkansas: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $30,000 | $120,000 | $807 | $0 | $138 | $945 | $40,500 |
| 10% down | $15,000 | $135,000 | $908 | $56 | $138 | $1,102 | $47,200 |
| 5% down | $7,500 | $142,500 | $959 | $59 | $138 | $1,155 | $49,500 |
| 3.5% down (FHA) | $5,250 | $147,283 | $991 | $66 | $138 | $1,195 | $51,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.5% 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 Arkansas does $150K buy a typical home?
In these counties the typical home value is within 15% of $150K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Cross County | $148,304 | 0.51% | $946 |
| Prairie County | $154,008 | 0.72% | $972 |
| Sharp County | $145,803 | 0.56% | $952 |
| Drew County | $154,673 | 0.47% | $941 |
| Little River County | $157,995 | 0.5% | $945 |
| Randolph County | $141,633 | 0.4% | $933 |
| Hot Spring County | $159,254 | 0.48% | $942 |
| Cleveland County | $159,668 | 0.48% | $943 |
| Scott County | $160,089 | 0.43% | $937 |
| Clark County | $161,308 | 0.56% | $952 |
| Yell County | $162,084 | 0.45% | $938 |
| Miller County | $163,828 | 0.61% | $958 |
27 of 74 Arkansas counties tracked by Zillow have a typical home value at or below $150K. See all Arkansas home prices.
Other prices in Arkansas
Frequently asked questions
What is the mortgage on a $150K house in Arkansas?
About $945 a month with 20% down at 7.11%: $807 principal and interest, $63 property tax and $75 insurance.
How much do I need to make to buy a $150K house in Arkansas?
About $40,500 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $150K house in Arkansas?
At Arkansas's typical effective rate of 0.5%, about $750 a year. Rates vary by county and city — see the county pages.