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.
Little Rock mortgage calculator
A median-priced Little Rock, 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.
$1,599 a month, all in
Principal and interest are $1,192; escrow and PMI add the rest. Over the full term the loan costs $245,398 in interest. Discounted at 5%, buying here has a net present value of $103,355 ($267,240 in today’s dollars).
Within Arkansas, Little Rock is 3rd of the 5 Arkansas markets covered here, between Bentonville at the top and Fort Smith at the bottom of a 2.00x spread. A state-level median hides most of that.
At $204,250 to buy and $1,260 a month to rent, the price-to-rent ratio is 13.5 — low. Ownership tends to pull ahead quickly at that level, and the binding question is transaction costs rather than the monthly comparison.
Rents here are high relative to prices — a rent index of 1.05 against a price index of 0.95. That combination favours buying sooner, because the payment you avoid is larger relative to the price you pay.
Monthly cost in Little Rock vs comparable rent
Owning is stacked by component; renting is the local median asking rent.
The monthly breakdown
| Median home price | $204,250 |
|---|---|
| Down payment (10%) | $20,425 |
| Loan amount | $183,825 |
| Principal & interest | $1,192/mo |
| Property tax (0.62%) | $106/mo |
| Homeowners insurance | $217/mo |
| PMI while above 80% LTV | $84/mo |
| Total monthly payment | $1,599/mo |
| Comparable rent | $1,260/mo |
What a rate move does to the Little Rock payment
| Rate | Principal & interest |
|---|---|
| 5.5% | $1,044/mo |
| 6% | $1,102/mo |
| 6.5% | $1,162/mo |
| 7% | $1,223/mo |
| 7.5% | $1,285/mo |
| 8% | $1,349/mo |
Rent or buy in Little Rock?
Against $1,260 a month in rent, over 7 years renting leaves you about $3,875 better off — $3,259 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 Little Rock 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.