Can I Afford a $100K Home in Alaska?
Complete mortgage breakdown for a $100,000 home in Alaska, including monthly payments, property taxes, insurance, and the salary you need to qualify.
Estimated Monthly Payment (20% down)
$721/mo
P&I: $526 + Tax: $87 + Insurance: $108
Monthly Payment by Down Payment
| Down Payment | Amount | Monthly | Income Needed |
|---|---|---|---|
| 3% | $3,000 | $873 | $37,399 |
| 5% | $5,000 | $859 | $36,800 |
| 10% | $10,000 | $824 | $35,303 |
| 20% | $20,000 | $721 | $30,880 |
Monthly Cost Breakdown (Alaska)
Principal & Interest
$526/mo
Property Tax (1.04%)
$87/mo
Homeowners Insurance
$108/mo
Total Interest (30-yr)
$109,195
Affordability Rules of Thumb
28% Rule (Housing)
$30,880/yr
Minimum gross income
36% Rule (All Debt)
$24,018/yr
If no other debt
3Ã Income Rule
$33,333/yr
Conservative target
Buying a $100K Home in Alaska
A $100,000 home in Alaska is at or below the national median home price. With a 20% down payment of $20,000, your estimated monthly payment of $721 is achievable on a salary of $30,880 or more. Alaska's property tax rate of 1.04% is near the national average.
These estimates assume a 6.875% 30-year fixed mortgage rate. Use our mortgage calculator for custom scenarios, or check what salary you can afford in Alaska.