Home / Anchorage, AK
Mortgage Calculator — Anchorage, AK
Median home price in Anchorage: $370,000. Monthly payment: $1,969/month (20% down, 7%, 30yr). Property tax rate: 1.04%.
= $74,000
Monthly Payment
$1,969
Loan Amount
$296,000
Total Interest
$412,946
Total Cost
$782,946
Payment Breakdown
Down Payment$74,000 (9.5%)
Principal$296,000 (37.8%)
Total Interest$412,946 (52.7%)
Anchorage Mortgage Payments by Rate
| Rate | 15-Year | 30-Year | Total Interest (30yr) |
|---|---|---|---|
| 5.5% | $2,419 | $1,681 | $309,036 |
| 6% | $2,498 | $1,775 | $342,881 |
| 6.5% | $2,578 | $1,871 | $377,532 |
| 6.75% | $2,619 | $1,920 | $395,146 |
| 7% | $2,661 | $1,969 | $412,946 |
| 7.25% | $2,702 | $2,019 | $430,927 |
| 7.5% | $2,744 | $2,070 | $449,083 |
| 8% | $2,829 | $2,172 | $485,900 |
Anchorage Property Tax & Total Housing Cost
Property Tax Rate
1.04%
$3,848/year
Monthly P&I
$1,969
20% down, 7%, 30yr
Est. Total Monthly
$2,290
P&I + property tax
Affordability in Anchorage
10% down ($37,000)$108,691/yr needed
15% down ($55,500)$103,416/yr needed
20% down ($74,000)$98,141/yr needed
25% down ($92,500)$92,866/yr needed
Based on 28% housing cost rule. Includes property tax.