Mortgage on a $550K house in Nevada
$3,452 a month with 20% down — $2,960 principal and interest plus $217 property tax and $275 insurance.
Nevada's typical property tax is 0.47% of the home's value a year (U.S. average 0.9%), which adds $217 a month on a $550K home. The typical home in Nevada is worth $440,739, so $550K is 25% above the typical price.
$550K home in Nevada: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $110,000 | $440,000 | $2,960 | $0 | $492 | $3,452 | $147,900 |
| 10% down | $55,000 | $495,000 | $3,330 | $206 | $492 | $4,028 | $172,600 |
| 5% down | $27,500 | $522,500 | $3,515 | $218 | $492 | $4,224 | $181,000 |
| 3.5% down (FHA) | $19,250 | $540,038 | $3,633 | $243 | $492 | $4,368 | $187,200 |
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 $550K buy a typical home?
In these counties the typical home value is within 15% of $550K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Washoe County | $570,399 | 0.44% | $3,437 |
| Carson City | $494,245 | 0.41% | $3,424 |
| Storey County | $480,475 | 0.34% | $3,391 |
14 of 16 Nevada counties tracked by Zillow have a typical home value at or below $550K. See all Nevada home prices.
Other prices in Nevada
Frequently asked questions
What is the mortgage on a $550K house in Nevada?
About $3,452 a month with 20% down at 7.11%: $2,960 principal and interest, $217 property tax and $275 insurance.
How much do I need to make to buy a $550K house in Nevada?
About $147,900 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $550K house in Nevada?
At Nevada's typical effective rate of 0.47%, about $2,600 a year. Rates vary by county and city — see the county pages.