Mortgage on a $400K house in Nevada
$2,510 a month with 20% down — $2,153 principal and interest plus $158 property tax and $200 insurance.
Nevada's typical property tax is 0.47% of the home's value a year (U.S. average 0.9%), which adds $158 a month on a $400K home. The typical home in Nevada is worth $440,739, so $400K is 9% below the typical price.
$400K home in Nevada: 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 | $358 | $2,510 | $107,600 |
| 10% down | $40,000 | $360,000 | $2,422 | $150 | $358 | $2,929 | $125,500 |
| 5% down | $20,000 | $380,000 | $2,556 | $158 | $358 | $3,072 | $131,700 |
| 3.5% down (FHA) | $14,000 | $392,755 | $2,642 | $177 | $358 | $3,177 | $136,100 |
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 $400K buy a typical home?
In these counties the typical home value is within 15% of $400K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Churchill County | $392,106 | 0.53% | $2,530 |
| Lyon County | $420,661 | 0.46% | $2,505 |
| Clark County | $422,748 | 0.48% | $2,512 |
| Elko County | $372,095 | 0.5% | $2,518 |
| Humboldt County | $355,183 | 0.49% | $2,517 |
| Nye County | $355,161 | 0.45% | $2,503 |
10 of 16 Nevada counties tracked by Zillow have a typical home value at or below $400K. See all Nevada home prices.
Other prices in Nevada
Frequently asked questions
What is the mortgage on a $400K house in Nevada?
About $2,510 a month with 20% down at 7.11%: $2,153 principal and interest, $158 property tax and $200 insurance.
How much do I need to make to buy a $400K house in Nevada?
About $107,600 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $400K house in Nevada?
At Nevada's typical effective rate of 0.47%, about $1,891 a year. Rates vary by county and city — see the county pages.