Mortgage on a $400K house in Alaska
$2,705 a month with 20% down — $2,153 principal and interest plus $352 property tax and $200 insurance.
Alaska's typical property tax is 1.06% of the home's value a year (U.S. average 0.9%), which adds $352 a month on a $400K home. The typical home in Alaska is worth $397,932, so $400K is right at the typical price.
$400K home in Alaska: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $80,000 | $320,000 | $2,153 | $0 | $552 | $2,705 | $115,900 |
| 10% down | $40,000 | $360,000 | $2,422 | $150 | $552 | $3,124 | $133,900 |
| 5% down | $20,000 | $380,000 | $2,556 | $158 | $552 | $3,267 | $140,000 |
| 3.5% down (FHA) | $14,000 | $392,755 | $2,642 | $177 | $552 | $3,371 | $144,500 |
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 $400K buy a typical home?
In these counties the typical home value is within 15% of $400K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Ketchikan Gateway Borough | $401,632 | 0.67% | $2,575 |
| Kodiak Island Borough | $403,388 | 0.87% | $2,641 |
| Matanuska Susitna Borough | $408,655 | 1.06% | $2,707 |
| Petersburg Borough | $383,220 | 0.6% | $2,553 |
| Anchorage Borough | $435,264 | 1.26% | $2,772 |
| Kenai Peninsula Borough | $348,874 | 0.63% | $2,564 |
7 of 13 Alaska counties tracked by Zillow have a typical home value at or below $400K. See all Alaska home prices.
Other prices in Alaska
Frequently asked questions
What is the mortgage on a $400K house in Alaska?
About $2,705 a month with 20% down at 7.11%: $2,153 principal and interest, $352 property tax and $200 insurance.
How much do I need to make to buy a $400K house in Alaska?
About $115,900 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $400K house in Alaska?
At Alaska's typical effective rate of 1.06%, about $4,224 a year. Rates vary by county and city — see the county pages.