Mortgage on a $300K house in Alaska
$2,029 a month with 20% down — $1,614 principal and interest plus $264 property tax and $150 insurance.
Alaska's typical property tax is 1.06% of the home's value a year (U.S. average 0.9%), which adds $264 a month on a $300K home. The typical home in Alaska is worth $397,932, so $300K is 25% below the typical price.
$300K home in Alaska: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $60,000 | $240,000 | $1,614 | $0 | $414 | $2,029 | $86,900 |
| 10% down | $30,000 | $270,000 | $1,816 | $113 | $414 | $2,343 | $100,400 |
| 5% down | $15,000 | $285,000 | $1,917 | $119 | $414 | $2,450 | $105,000 |
| 3.5% down (FHA) | $10,500 | $294,566 | $1,982 | $133 | $414 | $2,528 | $108,400 |
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 $300K buy a typical home?
In these counties the typical home value is within 15% of $300K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Southeast Fairbanks Borough | $292,991 | 1.19% | $2,061 |
| Fairbanks North Star Borough | $314,310 | 1.19% | $2,062 |
| Wrangell Borough | $317,718 | 0.56% | $1,906 |
| North Slope Borough | $318,810 | 1.06% | $2,028 |
| Haines Borough | $332,342 | 0.83% | $1,973 |
1 of 13 Alaska counties tracked by Zillow have a typical home value at or below $300K. See all Alaska home prices.
Other prices in Alaska
Frequently asked questions
What is the mortgage on a $300K house in Alaska?
About $2,029 a month with 20% down at 7.11%: $1,614 principal and interest, $264 property tax and $150 insurance.
How much do I need to make to buy a $300K house in Alaska?
About $86,900 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $300K house in Alaska?
At Alaska's typical effective rate of 1.06%, about $3,168 a year. Rates vary by county and city — see the county pages.