Mortgage on a $300K house in Nevada
$1,883 a month with 20% down — $1,614 principal and interest plus $118 property tax and $150 insurance.
Nevada's typical property tax is 0.47% of the home's value a year (U.S. average 0.9%), which adds $118 a month on a $300K home. The typical home in Nevada is worth $440,739, so $300K is 32% below the typical price.
$300K home in Nevada: 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 | $268 | $1,883 | $80,700 |
| 10% down | $30,000 | $270,000 | $1,816 | $113 | $268 | $2,197 | $94,200 |
| 5% down | $15,000 | $285,000 | $1,917 | $119 | $268 | $2,304 | $98,700 |
| 3.5% down (FHA) | $10,500 | $294,566 | $1,982 | $133 | $268 | $2,382 | $102,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.47% 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 Nevada 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 |
|---|---|---|---|
| Lander County | $259,816 | 0.64% | $1,924 |
6 of 16 Nevada counties tracked by Zillow have a typical home value at or below $300K. See all Nevada home prices.
Other prices in Nevada
Frequently asked questions
What is the mortgage on a $300K house in Nevada?
About $1,883 a month with 20% down at 7.11%: $1,614 principal and interest, $118 property tax and $150 insurance.
How much do I need to make to buy a $300K house in Nevada?
About $80,700 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $300K house in Nevada?
At Nevada's typical effective rate of 0.47%, about $1,418 a year. Rates vary by county and city — see the county pages.