Anchorage Mortgage Calculator
Estimate your monthly mortgage payment in Anchorage, AK. On the local median home value of $380,000 — with a 20% down payment at today's rates — expect a total monthly payment (principal, interest, taxes, and insurance) of about $2,399. Adjust every input for your situation.
Monthly Breakdown
- Principal & Interest$1,921
- Property Tax$386
- Home Insurance$92
Amortization Schedule
| Year | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $23,058 | $3,398 | $19,660 | $300,602 |
| 2 | $23,058 | $3,625 | $19,432 | $296,977 |
| 3 | $23,058 | $3,868 | $19,190 | $293,108 |
| 4 | $23,058 | $4,127 | $18,931 | $288,981 |
| 5 | $23,058 | $4,404 | $18,654 | $284,577 |
| 6 | $23,058 | $4,699 | $18,359 | $279,879 |
| 7 | $23,058 | $5,013 | $18,045 | $274,865 |
| 8 | $23,058 | $5,349 | $17,709 | $269,516 |
| 9 | $23,058 | $5,707 | $17,351 | $263,809 |
| 10 | $23,058 | $6,090 | $16,968 | $257,719 |
| 11 | $23,058 | $6,497 | $16,560 | $251,222 |
| 12 | $23,058 | $6,933 | $16,125 | $244,290 |
| 13 | $23,058 | $7,397 | $15,661 | $236,893 |
| 14 | $23,058 | $7,892 | $15,166 | $229,001 |
| 15 | $23,058 | $8,421 | $14,637 | $220,580 |
| 16 | $23,058 | $8,985 | $14,073 | $211,595 |
| 17 | $23,058 | $9,586 | $13,471 | $202,009 |
| 18 | $23,058 | $10,228 | $12,829 | $191,780 |
| 19 | $23,058 | $10,913 | $12,144 | $180,867 |
| 20 | $23,058 | $11,644 | $11,413 | $169,222 |
| 21 | $23,058 | $12,424 | $10,634 | $156,798 |
| 22 | $23,058 | $13,256 | $9,802 | $143,542 |
| 23 | $23,058 | $14,144 | $8,914 | $129,398 |
| 24 | $23,058 | $15,091 | $7,967 | $114,307 |
| 25 | $23,058 | $16,102 | $6,956 | $98,205 |
| 26 | $23,058 | $17,180 | $5,877 | $81,024 |
| 27 | $23,058 | $18,331 | $4,727 | $62,693 |
| 28 | $23,058 | $19,559 | $3,499 | $43,135 |
| 29 | $23,058 | $20,869 | $2,189 | $22,266 |
| 30 | $23,058 | $22,266 | $792 | $0 |
Swipe the table sideways to see all columns →
How to use this calculator
The Home Price field is pre-filled with the median home value in Anchorage (about $380,000). Override with your target home's actual price to get a payment estimate for that specific property.
The Property Tax Rate is pre-filled with Alaska's average effective rate of 1.22%. Within Alaska, rates vary by county — if you know your specific local rate, override it for a more precise estimate.
Adjust the Down Payment slider to see how your payment changes. Below 20% down triggers PMI; the calculator adds it automatically and shows a warning.
Scroll down for the full PITI breakdown, monthly payment pie chart, and complete month-by-month amortization schedule.
How it works
Buying a median-priced home in Anchorage. At $380,000 with a 20% down payment, you'd bring $76,000 to closing (plus closing costs) and take out a $304,000 mortgage. At a 6.50% interest rate on a 30-year fixed loan, your monthly principal + interest is roughly $1,921.
Annual costs on top of the loan. Alaska's average property tax rate is 1.22%, so a median-priced Anchorage home generates approximately $4,636 in annual property tax (about $386/mo when paid through escrow). Homeowner's insurance in Alaska averages around $1,100/year.
Total monthly payment (PITI) on the median Anchorage home works out to about $2,399 per month at current rates, assuming a 20% down payment and no HOA. If you're putting less than 20% down, add PMI to this — typically 0.5–1.5% of the loan balance per year.
Rates change; this is the math, not the offer. Mortgage rates fluctuate daily. Our default of 6.50% is a recent conventional 30-year benchmark — enter today's quoted rate from your lender for the most accurate payment estimate.
Frequently Asked Questions
Looking for a different city? Browse all cities. For Alaska-specific property taxes, see the Alaska Property Tax Calculator.