Alaska Mortgage Calculator
Alaska has the 20th-highest effective property tax rate of the 50 states at 0.94% — $120 more a year than the 0.91% state average on a $399,000 home. Homeowners insurance averages $1,397 a year, the 6th-lowest premium nationally and $1,323 less than the typical state.
Most Alaska counties use the $832,750 conforming loan limit for 2026, but 30 high-cost counties — Aleutians East Borough ($1,249,125), Aleutians West Census Area ($1,249,125), Anchorage Municipality ($1,249,125) and others — allow larger conforming loans. Above those amounts you need a jumbo loan.
On a $399,000 home, property tax and insurance add $429 a month in Alaska, compared with $151 in Hawaii, $395 in Washington.
Loan Parameters
Total Monthly Payment
$3,041
Principal & Interest + Taxes + Insurance
APR 7.488%
Total Interest
$503,583
Total Cost
$1,038,659
Advanced Parameters
Private Mortgage Insurance (PMI)
Your down payment is below 20%. PMI is estimated at 0.72% annually and is removed here when your LTV reaches 80%.
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
Feb 2035
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | PMI | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $28,756 | $3,627 | $25,129 | $2,586 | $355,473 | $43,527 |
| Year 2 | $28,756 | $3,890 | $24,866 | $2,586 | $351,583 | $47,417 |
| Year 3 | $28,756 | $4,173 | $24,584 | $2,586 | $347,411 | $51,589 |
| Year 4 | $28,756 | $4,475 | $24,281 | $2,586 | $342,935 | $56,065 |
| Year 5 | $28,756 | $4,800 | $23,956 | $2,586 | $338,135 | $60,865 |
| Year 6 | $28,756 | $5,149 | $23,607 | $2,586 | $332,986 | $66,014 |
| Year 7 | $28,756 | $5,523 | $23,233 | $2,586 | $327,463 | $71,537 |
| Year 8 | $28,756 | $5,924 | $22,832 | $2,586 | $321,539 | $77,461 |
| Year 9 | $28,756 | $6,354 | $22,402 | $862 | $315,185 | $83,815 |
| Year 10 | $28,756 | $6,815 | $21,941 | — | $308,370 | $90,630 |
| Year 11 | $28,756 | $7,310 | $21,446 | — | $301,059 | $97,941 |
| Year 12 | $28,756 | $7,841 | $20,915 | — | $293,218 | $105,782 |
| Year 13 | $28,756 | $8,410 | $20,346 | — | $284,808 | $114,192 |
| Year 14 | $28,756 | $9,021 | $19,735 | — | $275,787 | $123,213 |
| Year 15 | $28,756 | $9,676 | $19,080 | — | $266,111 | $132,889 |
| Year 16 | $28,756 | $10,379 | $18,377 | — | $255,732 | $143,268 |
| Year 17 | $28,756 | $11,132 | $17,624 | — | $244,600 | $154,400 |
| Year 18 | $28,756 | $11,941 | $16,815 | — | $232,659 | $166,341 |
| Year 19 | $28,756 | $12,808 | $15,948 | — | $219,851 | $179,149 |
| Year 20 | $28,756 | $13,738 | $15,019 | — | $206,114 | $192,886 |
| Year 21 | $28,756 | $14,735 | $14,021 | — | $191,379 | $207,621 |
| Year 22 | $28,756 | $15,805 | $12,951 | — | $175,574 | $223,426 |
| Year 23 | $28,756 | $16,953 | $11,804 | — | $158,621 | $240,379 |
| Year 24 | $28,756 | $18,183 | $10,573 | — | $140,438 | $258,562 |
| Year 25 | $28,756 | $19,504 | $9,252 | — | $120,934 | $278,066 |
| Year 26 | $28,756 | $20,920 | $7,836 | — | $100,014 | $298,986 |
| Year 27 | $28,756 | $22,439 | $6,317 | — | $77,575 | $321,425 |
| Year 28 | $28,756 | $24,068 | $4,688 | — | $53,507 | $345,493 |
| Year 29 | $28,756 | $25,816 | $2,940 | — | $27,691 | $371,309 |
| Year 30 | $28,757 | $27,691 | $1,066 | — | $0 | $399,000 |
Alaska mortgage data
- Typical home value
- $398,663
- Zillow ZHVI, August 31, 2026 (U.S. $368,697)
- Effective property tax rate
- 0.94%
- $3,751/yr on a $399,000 home
- Average homeowners insurance
- $1,397/yr
- $116/mo
- 2026 conforming loan limit
- $1,249,125
- 30 counties
- High-cost counties
- 30
- Limit above $832,750
- 2026 FHA loan limit (1-unit)
- $1,249,125
- Varies by county — confirm on HUD
- Current 30-yr / 15-yr fixed average
- 7.03% / 6.42%
- Freddie Mac PMMS, September 24, 2026
How much house can you afford in Alaska?
Highest price where principal, interest, Alaska property tax, insurance and PMI stay within 28% of gross income —10% down, 30-year fixed at 7.03%. Other debts lower these numbers.
| Household income | Housing budget / mo | Max home price | Down payment | vs typical home |
|---|---|---|---|---|
| $50,000 | $1,167 | $143,000 | $14,300 | 36% |
| $75,000 | $1,750 | $222,000 | $22,200 | 56% |
| $100,000 | $2,333 | $302,000 | $30,200 | 76% |
| $125,000 | $2,917 | $382,000 | $38,200 | 96% |
| $150,000 | $3,500 | $461,000 | $46,100 | 116% |
| $200,000 | $4,667 | $620,000 | $62,000 | 156% |
| $250,000 | $5,833 | $780,000 | $78,000 | 196% |
Alaska mortgage payment by loan amount
30-year fixed at 7.03%, 20% down, with Alaska property tax and insurance on the matching home price.
| Loan amount | P&I | Total / month | Income needed | Loan type |
|---|---|---|---|---|
| $150,000 mortgage | $1,001 | $1,264 | $55,000 | Conforming |
| $175,000 mortgage | $1,168 | $1,456 | $63,000 | Conforming |
| $200,000 mortgage | $1,335 | $1,647 | $71,000 | Conforming |
| $225,000 mortgage | $1,501 | $1,838 | $79,000 | Conforming |
| $250,000 mortgage | $1,668 | $2,030 | $87,000 | Conforming |
| $275,000 mortgage | $1,835 | $2,221 | $96,000 | Conforming |
| $300,000 mortgage | $2,002 | $2,412 | $104,000 | Conforming |
| $325,000 mortgage | $2,169 | $2,603 | $112,000 | Conforming |
| $350,000 mortgage | $2,336 | $2,795 | $120,000 | Conforming |
| $375,000 mortgage | $2,502 | $2,986 | $128,000 | Conforming |
| $400,000 mortgage | $2,669 | $3,177 | $137,000 | Conforming |
| $425,000 mortgage | $2,836 | $3,369 | $145,000 | Conforming |
| $450,000 mortgage | $3,003 | $3,560 | $153,000 | Conforming |
| $475,000 mortgage | $3,170 | $3,751 | $161,000 | Conforming |
| $500,000 mortgage | $3,337 | $3,943 | $169,000 | Conforming |
| $525,000 mortgage | $3,503 | $4,134 | $178,000 | Conforming |
| $550,000 mortgage | $3,670 | $4,325 | $186,000 | Conforming |
| $575,000 mortgage | $3,837 | $4,517 | $194,000 | Conforming |
| $600,000 mortgage | $4,004 | $4,708 | $202,000 | Conforming |
| $625,000 mortgage | $4,171 | $4,899 | $210,000 | Conforming |
| $650,000 mortgage | $4,338 | $5,090 | $219,000 | Conforming |
| $675,000 mortgage | $4,504 | $5,282 | $227,000 | Conforming |
| $700,000 mortgage | $4,671 | $5,473 | $235,000 | Conforming |
| $725,000 mortgage | $4,838 | $5,664 | $243,000 | Conforming |
| $750,000 mortgage | $5,005 | $5,856 | $251,000 | Conforming |
| $775,000 mortgage | $5,172 | $6,047 | $260,000 | Conforming |
| $800,000 mortgage | $5,339 | $6,238 | $268,000 | Conforming |
| $825,000 mortgage | $5,505 | $6,430 | $276,000 | Conforming |
| $850,000 mortgage | $5,672 | $6,621 | $284,000 | Conforming |
| $875,000 mortgage | $5,839 | $6,812 | $292,000 | Conforming |
| $900,000 mortgage | $6,006 | $7,004 | $301,000 | Conforming |
| $925,000 mortgage | $6,173 | $7,195 | $309,000 | Conforming |
| $950,000 mortgage | $6,340 | $7,386 | $317,000 | Conforming |
| $975,000 mortgage | $6,506 | $7,577 | $325,000 | Conforming |
| $1,000,000 mortgage | $6,673 | $7,769 | $333,000 | Conforming |
| $1,100,000 mortgage | $7,341 | $8,534 | $366,000 | Conforming |
| $1,200,000 mortgage | $8,008 | $9,299 | $399,000 | Conforming |
| $1,300,000 mortgage | $8,675 | $10,064 | $432,000 | Jumbo |
| $1,400,000 mortgage | $9,342 | $10,830 | $465,000 | Jumbo |
| $1,500,000 mortgage | $10,010 | $11,595 | $497,000 | Jumbo |
Loan programs compared in Alaska
$399,000 home, each program's typical minimum or default down payment, current average 30-year rate.
| Loan type | Down | Loan amount | Upfront fee | Monthly MI | Total / month | APR |
|---|---|---|---|---|---|---|
| Conventional | 10% · $39,900 | $359,100 | — | $215 PMI | $3,041 | 7.488% |
| FHA | 3.5% · $13,965 | $391,773 | UFMIP $6,738 | $179 MIP | $3,222 | 7.761% |
| VA | 0% · $0 | $407,579 | Funding fee $8,579 | $0 | $3,149 | 7.242% |
| JumboLoan is conforming (≤ $1,249,125) | 20% · $79,800 | $319,200 | — | $0 | $2,559 | 7.030% |
Alaska high-cost counties (2026)
30 counties have a one-unit conforming limit above the $832,750 baseline. Loans up to these amounts are conforming, not jumbo.
- Aleutians East Borough$1,249,125
- Aleutians West Census Area$1,249,125
- Anchorage Municipality$1,249,125
- Bethel Census Area$1,249,125
- Bristol Bay Borough$1,249,125
- Chugach Census Area$1,249,125
- Copper River Census Area$1,249,125
- Denali Borough$1,249,125
- Dillingham Census Area$1,249,125
- Fairbanks North Star Borough$1,249,125
- Haines Borough$1,249,125
- Hoonah-Angoon Census Area$1,249,125
- Juneau City And Borough$1,249,125
- Kenai Peninsula Borough$1,249,125
- Ketchikan Gateway Borough$1,249,125
- Kodiak Island Borough$1,249,125
- Kusilvak Census Area$1,249,125
- Lake And Peninsula Borough$1,249,125
- Matanuska-Susitna Borough$1,249,125
- Nome Census Area$1,249,125
- North Slope Borough$1,249,125
- Northwest Arctic Borough$1,249,125
- Petersburg Census Area$1,249,125
- Prince Of Wales-Hyder Census Area$1,249,125
- Sitka City And Borough$1,249,125
+ 5 more — see the FHFA county table.
Frequently asked questions
What is the monthly mortgage payment on a $399,000 home in Alaska?
$399,000 is the typical Alaska home value. With 10% down on a conventional loan, the estimated payment is $3,041 per month ($2,396 principal & interest, $313 property tax, $116 insurance, $215 PMI) at 7.03% for 30 years, including Alaska's 0.94% effective property tax rate.
What is the 2026 conforming loan limit in Alaska?
$1,249,125 for a one-unit home in all 30 counties. Larger loans are jumbo loans.
How much income do I need for a $399,000 home in Alaska?
About $131,000 a year if housing costs stay within 28% of gross income — a common lender guideline. Lenders also look at total debt-to-income, usually capped around 43%–50%.
How much house can I afford in Alaska on a $100,000 salary?
About $302,000 with 10% down, keeping the payment (including Alaska property tax, insurance and PMI) within 28% of gross income at 7.03%. The typical Alaska home ($398,663) needs roughly $131,000 a year.
Explore related calculators
Alaska calculators by loan type
Data sources & assumptions
- Freddie Mac Primary Mortgage Market Survey (PMMS) — Weekly average as of September 24, 2026
- Zillow Home Value Index (ZHVI), typical home value, all homes — Default home prices; typical value as of August 31, 2026
- FHFA 2026 Conforming Loan Limit Values (one-unit) — 2026 one-unit limits, 56 states & territories
- HUD FHA Mortgage Limits lookup — FHA floor $541,287; high-cost counties follow the conforming limit — confirm on HUD
- Effective statewide property tax rate (Tax Foundation, 2026 projections) — Statewide effective rate; county rates vary
- Average annual homeowners premium, $300K dwelling / $1K deductible (industry survey averages) — Statewide average premium
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.