Alaska Mortgage Calculator
Calculate your monthly mortgage payment in Alaska. Pre-filled with Alaska's average property tax rate of 1.18%. See principal, interest, PMI, property taxes, and insurance.
$70,000
Monthly Payment Breakdown
Loan Summary
See how this mortgage fits your financial plan
Your estimated payment is $2,214/month. See how it fits alongside your income, savings, investments, and other expenses over time.
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Alaska has an average property tax rate of 1.18%. Alaska's cost of living is approximately 24% above the national average, driven by high food, energy, and transportation costs.
Buying a Home in Alaska
If you're considering buying a home in Alaska, understanding the local housing market and costs is essential. Property taxes, insurance rates, and home prices vary significantly by area within the state. This calculator pre-fills Alaska's average property tax rate of 1.18% to give you a more accurate estimate.
Alaska Property Taxes
Alaska has an average effective property tax rate of 1.18%. Property taxes are a significant component of your monthly housing cost — on a $350,000 home, a 1.18% rate means approximately $4130 per year, or $344 per month in property taxes alone.
Cost of Living in Alaska
Alaska's cost of living is approximately 24% above the national average, driven by high food, energy, and transportation costs. When evaluating whether to buy a home in Alaska, consider how your mortgage payment plus other housing costs fit within the recommended 28% of gross income guideline.
Financial Tips for Alaska Homebuyers
- With no state income tax, Alaska residents keep more of their paycheck than most Americans
- Alaska's Permanent Fund Dividend provides an annual payment to residents — factor this into your financial plan
- Alaska has a higher cost of living due to its remote location — budget accordingly
- Consider investing your state tax savings into retirement accounts for maximum growth
Key Alaska Features
- No state income tax
- No state sales tax
- Permanent Fund Dividend (annual payment to residents)
- Higher cost of goods due to remote location
See How Your Alaska Mortgage Fits Your Financial Plan
This calculator shows your Alaska mortgage payment. Trajectoryy's full simulator shows how that payment fits alongside your income, taxes, savings, investments, and more.
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