Mortgage on a $450K house in Alaska
$3,043 a month with 20% down — $2,422 principal and interest plus $396 property tax and $225 insurance.
Alaska's typical property tax is 1.06% of the home's value a year (U.S. average 0.9%), which adds $396 a month on a $450K home. The typical home in Alaska is worth $397,932, so $450K is 13% above the typical price.
$450K home in Alaska: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $90,000 | $360,000 | $2,422 | $0 | $621 | $3,043 | $130,400 |
| 10% down | $45,000 | $405,000 | $2,724 | $169 | $621 | $3,514 | $150,600 |
| 5% down | $22,500 | $427,500 | $2,876 | $178 | $621 | $3,675 | $157,500 |
| 3.5% down (FHA) | $15,750 | $441,849 | $2,972 | $199 | $621 | $3,792 | $162,500 |
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 $450K buy a typical home?
In these counties the typical home value is within 15% of $450K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Anchorage Borough | $435,264 | 1.26% | $3,119 |
| Juneau Borough | $473,329 | 0.95% | $3,002 |
| Sitka Borough | $481,818 | 0.46% | $2,820 |
| Matanuska Susitna Borough | $408,655 | 1.06% | $3,045 |
| Kodiak Island Borough | $403,388 | 0.87% | $2,971 |
| Ketchikan Gateway Borough | $401,632 | 0.67% | $2,896 |
| Petersburg Borough | $383,220 | 0.6% | $2,872 |
11 of 13 Alaska counties tracked by Zillow have a typical home value at or below $450K. See all Alaska home prices.
Other prices in Alaska
Frequently asked questions
What is the mortgage on a $450K house in Alaska?
About $3,043 a month with 20% down at 7.11%: $2,422 principal and interest, $396 property tax and $225 insurance.
How much do I need to make to buy a $450K house in Alaska?
About $130,400 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $450K house in Alaska?
At Alaska's typical effective rate of 1.06%, about $4,752 a year. Rates vary by county and city — see the county pages.