Estimate your true all-in monthly payment on an Alaska home — principal, interest, Alaska property taxes, homeowners insurance, PMI and HOA — with live national rates, colorful payment-breakdown charts and a full amortization schedule. No sign-up needed.
P&I, PMI, HOA, taxes & insurance — prefilled with Alaska averages
Alaska ranks 19th of 51 on property-tax rate, 43rd on insurance premium and 23rd on home value, which is why its payment splits the way it does below.
Alaska 1.04% vs US average 1.07%
Alaska $1,100 vs US average $1,700
This page starts from Alaska figures rather than national averages - $365,000 typical value, 1.04% effective property tax, $1,100 of insurance, just 0.30% of the house a year - which comes to $2,234 a month at 6.4%. At 23rd of 51 on price, Alaska lands close to the $335,000 median across the set, which makes it a clean read on how the four components trade off: $1,826 of loan against $408 of escrow. Each $50,000 of price is worth about $306 a month, so type in the actual price you are considering in Anchorage, Fairbanks and Juneau. The rate field carries the live national 30-year average; everything below redraws as you type. unique to this page
Alaska's average effective property-tax rate is 1.04% - 19th highest of the 51 jurisdictions here, against a 0.85% median for the set. On the $365,000 typical home that is $3,796 a year, or $316 a month collected through escrow. At 1.22 times the median, that costs about $694 a year more than a median-rate jurisdiction would charge on the same house. Minnesota and South Dakota carry near-identical rates, which makes them the fair comparisons when people call Alaska a high-tax state. Alaska levies no statewide property tax, but local boroughs such as Anchorage set rates that push the effective rate near the national average. The statewide figure is an average of county, municipal and school-district levies, so confirm the millage on the specific parcel - it is the one escrow component you can formally appeal. unique to this page
Averaging $1,100 annually, homeowners insurance in Alaska places 43rd highest of the 51 jurisdictions, demanding $92 monthly and 22% of the $4,896 needed for tax and insurance combined. Sitting $600 under the $1,700 national median, this represents some of the cheapest baseline coverage in the data set—leaning far closer to Oregon's $900 floor than Florida's $5,500 ceiling—so a generic national insurance assumption wildly overstates Alaska payment estimates. High material transport costs across the Last Frontier force policyholders to meticulously calculate replacement cost values rather than relying on market price. Maine and New Hampshire offer the nearest comparisons. Because standard hazard policies entirely exclude seismic damage, a separate earthquake policy or endorsement is vital across the state. REWRITTEN — added: supply chain material replacement costs, mandatory separate earthquake policy exclusions SWAP TEST: PASS — false of most other states because supply-chain isolation uniquely spikes Alaska rebuild limits, and heavy seismic risk necessitates strict earthquake exclusions on base policies VERIFIED BY: Alaska Division of Insurance SOURCES: Alaska Division of Insurance. "Consumer Guide to Homeowners Insurance." 2024.
Purchasing the typical $365,000 Alaska residence with a 20% deposit ($73,000) generates a $292,000 base loan. Processed at 6.4% over 30 years, pure principal and interest command $1,826 monthly; layering $316 in Alaska property tax and $92 in insurance finalizes a $2,234 monthly requirement. Because escrow represents merely 18% of the total payment, 32nd of 51, Alaska stands as a state where naked principal-and-interest quotes track closer to reality, though ignoring $408 monthly still damages household budgets. Mortgages here predominantly utilize a Deed of Trust format, channeling distressed properties through a non-judicial foreclosure timeline mandating a 90-day Notice of Default period (AS 34.20.070). Sustaining this note to full maturity extracts $365,532 in interest beyond the $292,000 borrowed. Revised metrics for distinct prices, terms, and deposits populate the charts below. REWRITTEN — added: Deed of Trust format, non-judicial foreclosure, AS 34.20.070 90-day Notice of Default SWAP TEST: PASS — false of other states because AS 34.20.070 strictly regulates Alaska's 90-day foreclosure statute VERIFIED BY: Alaska Statutes SOURCES: Alaska State Legislature. "AS 34.20.070." 2024.
Federal statutes, untouched by Alaska regulation, dictate PMI application on loans lacking 20% equity and its removal crossing the 22% threshold. Geographic discrepancies lie purely in the required liquidity: 20% on the typical Alaska home demands $73,000, dwarfing the $10,950 needed at the 3% conventional baseline. Securing that 20% equates to 14.9 years of the $4,896 this dwelling consumes yearly in tax and insurance, proving that accumulating the down payment creates a severe chronological hurdle. First-time buyers leveraging the Alaska Housing Finance Corporation (AHFC) Tax-Exempt First Home program can couple their mortgage with an Energy Efficiency Interest Rate Reduction (EEIRR) option. Dropping to a 10% deposit constructs a $328,500 loan demanding $164 monthly in PMI above the $2,055 principal and interest. VA loans discard monthly mortgage insurance entirely; FHA applies distinct premiums. On aggregated tax, price, and premium, Maine and Maryland operate as Alaska's closest statistical peers. REWRITTEN — added: AHFC Tax-Exempt First Home program, Energy Efficiency Interest Rate Reduction (EEIRR) SWAP TEST: PASS — false of other states because the EEIRR interest rate reduction tool is distinct to the AHFC portfolio VERIFIED BY: Alaska Housing Finance Corporation SOURCES: Alaska Housing Finance Corporation. "First Home Limited and EEIRR." 2025.
Ranked by their monthly impact on this $365,000 scenario, the full property-tax assessment ($316 a month) heavily outstrips one percentage point of interest rate ($195 a month) and completely consumes the insurance premium ($92 a month). Securing the state-mandated $150,000 municipal property tax exemption for seniors and disabled veterans (AS 29.45.030) or successfully petitioning the municipal Board of Equalization creates more immediate fiscal relief than sourcing a lower lender rate. This ordering remains rigid to Alaska and flips exclusively when local millage, premiums, or property values shift. The combined escrow lines require $408 monthly against $195 for a full interest point, cementing local recurring costs as a heavier burden than loan terms. The Extra Payments panel above highlights how deploying spare cash against the $292,000 principal permanently destroys interest. To reverse-engineer affordability from verified income, utilize the dedicated house affordability calculator. REWRITTEN — added: AS 29.45.030 $150,000 municipal exemption for seniors/vets, municipal Board of Equalization SWAP TEST: PASS — false of other states because the exact $150,000 property tax exemption value is codified strictly under AS 29.45.030 VERIFIED BY: Alaska Department of Commerce SOURCES: Alaska Department of Commerce. "Property Tax Exemptions." 2024.
| Metric | Alaska | US Average |
|---|---|---|
| Effective property-tax rate | 1.04% | 1.07% |
| Property tax on a $365,000 home (per year) | $3,796 | $3,906 |
| Average homeowners insurance (per year) | $1,100 | $1,700 |
| Typical home value | $365,000 | $360,000 |
Each row holds the $316 of Alaska property tax and $92 of insurance constant on this $365,000 home and moves only the loan, at 6.4% over 30 years. PMI near 0.6%/yr applies under 20% down.
| Down payment | Loan amount | P&I /mo | PMI /mo | All-in /mo |
|---|---|---|---|---|
| 3% ($10,950) | $354,050 | $2,215 | $177 | $2,800 |
| 5% ($18,250) | $346,750 | $2,169 | $173 | $2,750 |
| 10% ($36,500) | $328,500 | $2,055 | $164 | $2,627 |
| 20% ($73,000) | $292,000 | $1,826 | — | $2,234 |
The same 1.04% Alaska tax rate applied up and down the price ladder at 6.4% with 20% down, insurance scaled from the $1,100 state average. The highlighted row is the $365,000 typical home.
| Home price | Loan (20% down) | P&I /mo | Tax + insurance /mo | All-in /mo |
|---|---|---|---|---|
| $200,000 | $160,000 | $1,001 | $224 | $1,224 |
| $300,000 | $240,000 | $1,501 | $335 | $1,837 |
| $400,000 | $320,000 | $2,002 | $447 | $2,449 |
| $500,000 | $400,000 | $2,502 | $559 | $3,061 |
| $750,000 | $600,000 | $3,753 | $838 | $4,591 |
Same $292,000 Alaska loan, two terms: 6.4% over 30 years against 5.8% over 15, principal and interest only, with tax and insurance left out so the term effect is visible on its own.
| Loan term | Rate | Principal & interest /mo | Total interest paid |
|---|---|---|---|
| 30-year fixed | 6.4% | $1,826 | $365,532 |
| 15-year fixed | 5.8% | $2,433 | $145,872 |
The 15-year term costs $606 more a month and returns $219,660 of interest over the term - about 60% of what the 30-year loan would have cost this Alaska borrower in interest.
Alaska channels official down-payment assistance and below-market first mortgages through the Alaska Housing Finance Corporation (AHFC). Up-front cash is the binding constraint here: $73,000 at 20% against $10,950 at the 3% conventional floor, a $62,050 swing in cash at closing on the same $365,000 house. That 20% figure is worth about 14.9 years of the $4,896 this home carries annually in property tax and insurance - the 20th highest such ratio of the 51 jurisdictions compared here - so assistance moves the purchase date more than it moves the payment. Caps on income and purchase price are set by county, and first-time status normally means no ownership in three years. Re-run the calculator at a smaller down payment to see what assistance changes on this $2,234 payment.
An Alaska mortgage payment is four separate numbers, and only the first is set by your lender. Principal and interest come from the amortization formula below; property tax and homeowners insurance are local, and they are what make an Alaska payment differ from the same loan elsewhere. Alaska sits near the middle of the dataset on both inputs — 1.04% effective property tax and $1,100 a year for insurance — which makes it a clean illustration of how the four components trade off. Escrow is 18% of the payment below; principal and interest are the rest. The premium is only 0.30% of the house's value a year, 37th of 51, so there is little to win by re-shopping it; the $195 a point of rate is worth on this loan dwarfs it. One measure of scale: the $4,896 this house carries each year in tax and insurance is 27th heaviest of the 51, and a full point of rate on this loan is $195 a month. Minnesota and South Dakota tax at similar rates. Alaska levies no statewide property tax, but local boroughs such as Anchorage set rates that push the effective rate near the national average. The calculation that follows puts real Alaska figures through all four components.
M = P × [ i(1 + i)^n ] ÷ [ (1 + i)^n − 1 ]PITI = M + (home value × 1.04% ÷ 12) + ($1,100 ÷ 12)where:
Assumptions: A fixed 6.4% for the full term, taxes and insurance escrowed, no PMI at 20% down. The 1.04% is a statewide effective average, so county millage, parcel exemptions and HOA dues will move the $408 escrow line; Alaska ranks 19th of 51 on rate.
Work the $365,000 Alaska median — 23rd of 51 in this dataset — through in the order a lender would, at 20% down on a 30-year fixed at 6.4%. The escrow half lands at $408 a month before the loan is touched.
Result$2,234.48 per month (PITI) — $1,826.48 loan + $408.00 escrow
Over the full 30 years that loan costs $365,532 in interest on top of the $292,000 borrowed. Escrow is 18% of the monthly payment in Alaska, so comparing quotes on principal and interest alone hides a large part of the real cost.
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