Not financial advice. Mortgage FV Calculator is a software calculator, not a personal-finance product or advisory service. It computes standard financial functions and displays the results for your convenience. Nothing here constitutes, or is intended to constitute, financial, investment, tax, legal, mortgage, credit, or insurance advice. Always consult a qualified professional before making any financial decision.
Fort Smith mortgage calculator
A median-priced Fort Smith, AR home at 6.75% over 30 years, with Arkansas property tax of 0.62% and $2,600 a year of homeowners insurance. Every figure below is computed on our amortising engine — nothing is estimated in the browser.
$1,308 a month, all in
Principal and interest are $941; escrow and PMI add the rest. Over the full term the loan costs $193,735 in interest. Discounted at 5%, buying here has a net present value of $79,786 ($209,028 in today’s dollars).
Within Arkansas, Fort Smith is the cheapest of the 5 Arkansas markets covered here — Bentonville runs about 2.00x these prices. Buyers priced out of the expensive end of the state often end up comparing exactly this pair.
Fort Smith is cheaper than Arkansas as a whole — $161,250 against a state median of $215,000, roughly 25% below. On a 20% deposit that is $10,750 less to find up front.
At $161,250 to buy and $1,020 a month to rent, the price-to-rent ratio is 13.2 — low. Ownership tends to pull ahead quickly at that level, and the binding question is transaction costs rather than the monthly comparison.
Monthly cost in Fort Smith vs comparable rent
Owning is stacked by component; renting is the local median asking rent.
The monthly breakdown
| Median home price | $161,250 |
|---|---|
| Down payment (10%) | $16,125 |
| Loan amount | $145,125 |
| Principal & interest | $941/mo |
| Property tax (0.62%) | $83/mo |
| Homeowners insurance | $217/mo |
| PMI while above 80% LTV | $67/mo |
| Total monthly payment | $1,308/mo |
| Comparable rent | $1,020/mo |
What a rate move does to the Fort Smith payment
| Rate | Principal & interest |
|---|---|
| 5.5% | $824/mo |
| 6% | $870/mo |
| 6.5% | $917/mo |
| 7% | $966/mo |
| 7.5% | $1,015/mo |
| 8% | $1,065/mo |
Rent or buy in Fort Smith?
Against $1,020 a month in rent, over 7 years renting leaves you about $5,372 better off — $4,519 once 2.5% inflation is stripped out. See the Arkansas rent-vs-buy page.
Where these numbers come from
Arkansas medians come from editorial and are refreshed weekly. The Fort Smith figures index those state medians to the local market, so they track the same feed rather than going stale. Insurance and the state income tax rate are editorial. Treat everything here as a planning estimate, not a quote.