CALCMONEY // MORTGAGE // AR // FORT SMITH
Calculate your monthly mortgage payment using Fort Smith-specific property tax rates and local market data.
$175,000
6.95%
0.61%
79
| Principal & Interest | $927 |
| Property Tax | $89 |
| Homeowners Insurance (est.) | $58 |
| Total Monthly Payment (PITI) | $1,074 |
$35,000
$193,622
$46,029/yr
Home prices in Fort Smith run 58% below the national median: $175,000 versus $420,000. Relative to the $48,000 median household income here, the price-to-income ratio comes out to 3.6x.
Factor in $89/month for property tax in Fort Smith, based on the area's 0.61% effective rate applied to the median home price. That's $1,068 annually.
Unlike the nine no-income-tax states, Arkansas taxes wage income. Worth running your actual take-home pay against the $1,074/month payment here before locking in a target price.
Day-to-day expenses in Fort Smith track at 79 against the national 100 baseline, below average once you look past the mortgage payment itself.
Fort Smith's median home price runs 19% lower than nearby Little Rock: $215,000 there versus $175,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $140,000 loan saves $6,300 in interest over 30 years.
Compare Top Fort Smith Mortgage LendersLittle Rock
$215,000 median
ARFayetteville
$295,000 median
ARSpringdale
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ARJonesboro
$195,000 median