Mortgage on a $350K house in Arkansas
$2,204 a month with 20% down — $1,884 principal and interest plus $146 property tax and $175 insurance.
Arkansas's typical property tax is 0.5% of the home's value a year (U.S. average 0.9%), which adds $146 a month on a $350K home. The typical home in Arkansas is worth $224,158, so $350K is 56% above the typical price.
$350K home in Arkansas: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $70,000 | $280,000 | $1,884 | $0 | $321 | $2,204 | $94,500 |
| 10% down | $35,000 | $315,000 | $2,119 | $131 | $321 | $2,571 | $110,200 |
| 5% down | $17,500 | $332,500 | $2,237 | $139 | $321 | $2,696 | $115,500 |
| 3.5% down (FHA) | $12,250 | $343,661 | $2,312 | $155 | $321 | $2,787 | $119,500 |
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 $350K buy a typical home?
In these counties the typical home value is within 15% of $350K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Washington County | $350,254 | 0.52% | $2,211 |
| Benton County | $382,880 | 0.56% | $2,223 |
72 of 74 Arkansas counties tracked by Zillow have a typical home value at or below $350K. See all Arkansas home prices.
Other prices in Arkansas
Frequently asked questions
What is the mortgage on a $350K house in Arkansas?
About $2,204 a month with 20% down at 7.11%: $1,884 principal and interest, $146 property tax and $175 insurance.
How much do I need to make to buy a $350K house in Arkansas?
About $94,500 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $350K house in Arkansas?
At Arkansas's typical effective rate of 0.5%, about $1,750 a year. Rates vary by county and city — see the county pages.