Fayetteville, AR Mortgage Calculator
Calculate your estimated mortgage payment for a home in Fayetteville, AR. Pre-filled with Fayetteville's average home price of $290,000, local property tax rate of 0.58%, and typical insurance costs.
$290,000
Avg. Home Price
0.58%
Property Tax Rate
$2,100
Avg. Annual Insurance
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? Monthly payment PITI with taxes & insurance included
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? Bi-weekly payment PITI if paid every other week
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? The date of the last payment
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? The date of the last bi-weekly payment
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? Total interest paid
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? Total interest paid if bi-weekly payments made
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? Monthly property tax paid (included in above PITI payment)
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? Monthly Home Insurance paid (included in above PITI payment)
Fayetteville, AR Mortgage Overview
The average home in Fayetteville costs around $290,000. With a 20% down payment of $58,000, you would need a loan of $232,000.
Fayetteville homeowners pay a property tax rate of approximately 0.58%, which translates to about $1,682 per year on the average home. Annual homeowners insurance in Fayetteville averages around $2,100.
What Affects Your Fayetteville Mortgage Payment?
Your monthly PITI payment in Fayetteville includes four components:
- Principal — the portion that reduces your loan balance
- Interest — the cost of borrowing, based on your rate and remaining balance
- Taxes — Fayetteville’s property taxes average 0.58%, lower than the Arkansas state average of 0.62%
- Insurance — homeowners insurance in Fayetteville averages $2,100/year
Tips for Fayetteville Home Buyers
- Compare rates from multiple Fayetteville lenders — even a 0.25% rate difference can save tens of thousands over the life of your loan
- Check your credit score before applying — a higher score means better rates
- Consider bi-weekly payments — paying every two weeks instead of monthly can shave years off your mortgage
- Factor in PMI — if your down payment is less than 20%, you’ll pay Private Mortgage Insurance until you reach 80% loan-to-value
- Look at Fayetteville first-time buyer programs — many Arkansas cities offer down payment assistance or reduced rates for first-time buyers
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