Alaska Mortgage Calculator (2026)
Calculate your monthly payment with Alaska-specific property tax (1.04%) and average insurance ($1,300/yr).
Monthly payment
Payment breakdown
Loan summary
Amortization schedule (first 12 + every 12 months)
| Month | Principal | Interest | PMI/MIP | Balance |
|---|---|---|---|---|
| 1 | $295.83 | $2,105.25 | $150.38 | $360,604 |
| 2 | $297.55 | $2,103.52 | $150.38 | $360,307 |
| 3 | $299.29 | $2,101.79 | $150.38 | $360,007 |
| 4 | $301.03 | $2,100.04 | $150.38 | $359,706 |
| 5 | $302.79 | $2,098.29 | $150.38 | $359,404 |
| 6 | $304.56 | $2,096.52 | $150.38 | $359,099 |
| 7 | $306.33 | $2,094.74 | $150.38 | $358,793 |
| 8 | $308.12 | $2,092.96 | $150.38 | $358,485 |
| 9 | $309.92 | $2,091.16 | $150.38 | $358,175 |
| 10 | $311.72 | $2,089.35 | $150.38 | $357,863 |
| 11 | $313.54 | $2,087.53 | $150.38 | $357,549 |
| 12 | $315.37 | $2,085.70 | $150.38 | $357,234 |
| 24 | $338.17 | $2,062.91 | $150.38 | $353,303 |
| 36 | $362.62 | $2,038.46 | $150.38 | $349,088 |
| 48 | $388.83 | $2,012.25 | $150.38 | $344,568 |
| 60 | $416.94 | $1,984.14 | $150.38 | $339,721 |
| 72 | $447.08 | $1,954.00 | $150.38 | $334,524 |
| 84 | $479.40 | $1,921.68 | $150.38 | $328,951 |
| 96 | $514.06 | $1,887.02 | $150.38 | $322,975 |
| 108 | $551.22 | $1,849.86 | $150.38 | $316,568 |
| 120 | $591.06 | $1,810.01 | — | $309,697 |
| 132 | $633.79 | $1,767.29 | — | $302,329 |
| 144 | $679.61 | $1,721.47 | — | $294,429 |
| 156 | $728.74 | $1,672.34 | — | $285,958 |
| 168 | $781.42 | $1,619.66 | — | $276,874 |
| 180 | $837.91 | $1,563.17 | — | $267,134 |
| 192 | $898.48 | $1,502.60 | — | $256,690 |
| 204 | $963.43 | $1,437.65 | — | $245,490 |
| 216 | $1,033.08 | $1,368.00 | — | $233,481 |
| 228 | $1,107.76 | $1,293.32 | — | $220,604 |
| 240 | $1,187.84 | $1,213.24 | — | $206,796 |
| 252 | $1,273.71 | $1,127.37 | — | $191,990 |
| 264 | $1,365.78 | $1,035.29 | — | $176,113 |
| 276 | $1,464.52 | $936.56 | — | $159,089 |
| 288 | $1,570.39 | $830.69 | — | $140,834 |
| 300 | $1,683.91 | $717.17 | — | $121,259 |
| 312 | $1,805.64 | $595.44 | — | $100,269 |
| 324 | $1,936.17 | $464.91 | — | $77,762 |
| 336 | $2,076.13 | $324.94 | — | $53,628 |
| 348 | $2,226.22 | $174.86 | — | $27,750 |
| 360 | $2,387.15 | $13.93 | — | $0 |
What the payment actually costs
Expect roughly $4,160 a year in property tax on a $400,000 home here. Alaska's effective rate of 1.04% ranks 21st of 51, compared with about 1.10% nationally — $347 a month that never appears in a quoted mortgage payment.
Homeowners insurance runs about $1,300 a year in Alaska, 34th of 51 states and below the $1,552 national average. Together, tax and insurance add roughly $455 a month to the payment before you have paid a dollar of principal.
How this fits the rest of your tax bill
Alaska charges no income tax, and property tax is where that revenue is recovered. At 1.04% the rate ranks 21st of 51. For a renter the no-income-tax advantage is close to pure gain; for an owner of a $400,000 home it is offset by roughly $4,160 a year. Run both sides before assuming the state is cheap.
Housing costs compound with the rate. Alaska runs about 13% above national-average costs, so the same 1.04% rate applies to a larger assessed value than it would elsewhere. A percentage rate is only half the number that matters; the base it applies to is the other half.
Property tax rates are effective statewide averages; your county assessor sets the actual figure and it varies widely within a state. See our methodology.