VA Loan Calculator — Arkansas
An eligible VA borrower can buy the typical Arkansas home ($227,000) with no down payment. The 2.15% first-use funding fee ($4,881) is rolled into a $231,881 loan, and there is no monthly mortgage insurance — saving about $102 a month versus FHA MIP on the same home.
Arkansas has the 14th-lowest effective property tax rate of the 50 states at 0.56% — $795 less a year than the 0.91% state average on a $227,000 home. Homeowners insurance averages $3,733 a year, the 11th-highest premium nationally and $1,013 more than the typical state.
Loan Parameters
Total Monthly Payment
$1,964
Principal & Interest + Taxes + Insurance · no mortgage insurance
APR 7.242%
Total Interest
$325,177
Total Cost
$707,182
Advanced Parameters
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
N/A
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | PMI | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $18,569 | $2,342 | $16,227 | — | $229,539 | -$2,539 |
| Year 2 | $18,569 | $2,512 | $16,057 | — | $227,027 | -$27 |
| Year 3 | $18,569 | $2,694 | $15,874 | — | $224,332 | $2,668 |
| Year 4 | $18,569 | $2,890 | $15,679 | — | $221,442 | $5,558 |
| Year 5 | $18,569 | $3,100 | $15,469 | — | $218,343 | $8,657 |
| Year 6 | $18,569 | $3,325 | $15,244 | — | $215,018 | $11,982 |
| Year 7 | $18,569 | $3,566 | $15,002 | — | $211,452 | $15,548 |
| Year 8 | $18,569 | $3,825 | $14,743 | — | $207,626 | $19,374 |
| Year 9 | $18,569 | $4,103 | $14,466 | — | $203,523 | $23,477 |
| Year 10 | $18,569 | $4,401 | $14,168 | — | $199,123 | $27,877 |
| Year 11 | $18,569 | $4,720 | $13,848 | — | $194,402 | $32,598 |
| Year 12 | $18,569 | $5,063 | $13,505 | — | $189,339 | $37,661 |
| Year 13 | $18,569 | $5,431 | $13,138 | — | $183,908 | $43,092 |
| Year 14 | $18,569 | $5,825 | $12,743 | — | $178,083 | $48,917 |
| Year 15 | $18,569 | $6,248 | $12,320 | — | $171,835 | $55,165 |
| Year 16 | $18,569 | $6,702 | $11,867 | — | $165,133 | $61,867 |
| Year 17 | $18,569 | $7,188 | $11,380 | — | $157,945 | $69,055 |
| Year 18 | $18,569 | $7,710 | $10,858 | — | $150,234 | $76,766 |
| Year 19 | $18,569 | $8,270 | $10,298 | — | $141,964 | $85,036 |
| Year 20 | $18,569 | $8,871 | $9,698 | — | $133,094 | $93,907 |
| Year 21 | $18,569 | $9,515 | $9,054 | — | $123,579 | $103,421 |
| Year 22 | $18,569 | $10,206 | $8,363 | — | $113,373 | $113,627 |
| Year 23 | $18,569 | $10,947 | $7,622 | — | $102,426 | $124,574 |
| Year 24 | $18,569 | $11,742 | $6,827 | — | $90,685 | $136,315 |
| Year 25 | $18,569 | $12,594 | $5,974 | — | $78,091 | $148,909 |
| Year 26 | $18,569 | $13,509 | $5,060 | — | $64,582 | $162,418 |
| Year 27 | $18,569 | $14,489 | $4,079 | — | $50,093 | $176,907 |
| Year 28 | $18,569 | $15,541 | $3,027 | — | $34,551 | $192,449 |
| Year 29 | $18,569 | $16,670 | $1,899 | — | $17,882 | $209,118 |
| Year 30 | $18,570 | $17,882 | $688 | — | $0 | $227,000 |
VA Loan numbers for Arkansas
- Typical Arkansas home value
- $227,000
- 0% down ($0) · Zillow, August 31, 2026
- Loan amount
- $231,881
- Includes $4,881 financed funding fee
- Estimated monthly payment
- $1,964
- APR 7.242%
- Arkansas property tax
- 0.56%
- $106/mo
- Homeowners insurance
- $3,733/yr
- $311/mo
- VA funding fee (first use)
- 2.15% · $4,881
- Financed; exempt with VA disability compensation
- Monthly savings vs FHA MIP
- $102/mo
- Same $227,000 home, FHA at 3.5% down
How much house can you afford in Arkansas with a va loan?
Highest price where principal, interest, Arkansas property tax and insurance, with the 2.15% VA funding fee financed and no monthly mortgage insurance stay within 28% of gross income —0% 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 | $117,000 | $0 | 51% |
| $75,000 | $1,750 | $197,000 | $0 | 87% |
| $100,000 | $2,333 | $277,000 | $0 | 122% |
| $125,000 | $2,917 | $357,000 | $0 | 157% |
| $150,000 | $3,500 | $437,000 | $0 | 192% |
| $200,000 | $4,667 | $598,000 | $0 | 263% |
| $250,000 | $5,833 | $758,000 | $0 | 334% |
VA vs other loan types in Arkansas
$227,000 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% · $22,700 | $204,300 | — | $123 PMI | $1,903 | 7.488% |
| FHA | 3.5% · $7,945 | $222,888 | UFMIP $3,833 | $102 MIP | $2,006 | 7.761% |
| VA | 0% · $0 | $231,881 | Funding fee $4,881 | $0 | $1,964 | 7.242% |
| JumboLoan is conforming (≤ $832,750) | 20% · $45,400 | $181,600 | — | $0 | $1,629 | 7.030% |
Frequently asked questions
What is the monthly payment on a $227,000 home with a va loan in Arkansas?
Estimated $1,964 per month ($1,547 principal & interest, $106 property tax, $311 insurance) at 7.03% for 30 years, with 0% down. APR 7.242%.
How much is the VA funding fee on a $227,000 Arkansas home?
$4,881 (2.15%) for a first-time user with no down payment. Putting 5% down lowers it to 1.5%, and 10% down to 1.25%.
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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
- 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
- VA — Funding fee and closing costs
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.