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Mortgage Calculator /With Taxes and PMI /Nevada

Nevada Mortgage Calculator

Set to Nevada’s own property tax rate of 0.47% and its median home price, so the payment below reflects what owning here actually costs — not a national average.

$
% ($91,200)
years
%
$/year
$/year
$/month
%
$/month
Amortization schedule
$2,637
Monthly payment
$2,325
Principal & interest
$179
Taxes
$133
Insurance
$0
HOA fees

Loan balance over time

Balance Principal paid $364,800 Interest paid $472,204
20262056
Total of 360 payments$949,174
Principal$364,800
Interest$472,204
Taxes$64,290
Insurance$47,880
HOA fees$0
P&I 88.2% Taxes 6.8% Insurance 5.0%
15- vs 30-year term at 6.58%
15-year
$3,194/mo P&I
$210,096 total interest
30-year · current
$2,325/mo P&I
$472,204 total interest
The 15-year term saves $262,108 in interest. Which term is right for you?

What these numbers come from

Median home value
$455,500
Median tax bill
$2,143
Effective tax rate
0.47%
Rank of 51
45th highest

Nevada taxes property at about 0.47% of value against 0.89% nationally. On a $456,000 home that is $160 a month less than the same house would cost in taxes at the national rate. Rates are set by counties, cities and school districts, so your own bill will differ from the state median — put your actual figure in the property tax field and the payment updates.

Tax and home value figures: U.S. Census Bureau, American Community Survey 2024 1-year estimates. Insurance is estimated at 0.35% of home value per year — there is no comparable public per-state dataset, so treat it as a placeholder and replace it with your own quote. The interest rate is the national Freddie Mac 30-year average of 6.58%; this site does not publish state-level rate quotes.

Monthly cost across Nevada home prices

20% down, 30-year fixed at 6.58%, with Nevada property tax of 0.47% and estimated insurance.

Home price Loan P&I Tax/mo Full payment
$273,000 $218,400 $1,392 $107 $1,578
$364,000 $291,200 $1,856 $143 $2,105
$456,000 median $364,800 $2,325 $179 $2,637
$569,000 $455,200 $2,901 $223 $3,290
$683,000 $546,400 $3,482 $268 $3,949

The gap between the P&I column and the last one is what a mortgage quote leaves out. In Nevada taxes alone add $179 a month on a median-priced home.

Amortization schedule

Date Principal Interest Tax, Ins. & HOA Balance
Aug $325 $2,000 $312 $364,475
Sep $326 $1,999 $312 $364,149
Oct $328 $1,997 $312 $363,821
Nov $330 $1,995 $312 $363,491
Dec $332 $1,993 $312 $363,159
2026 $1,641 $9,984 $1,558 $363,159
Jan $334 $1,991 $312 $362,825
Feb $336 $1,989 $312 $362,489
Mar $337 $1,988 $312 $362,152
Apr $339 $1,986 $312 $361,813
May $341 $1,984 $312 $361,472
Jun $343 $1,982 $312 $361,129

Refinancing in Nevada

The arithmetic is the same everywhere: refinancing pays off when the monthly saving clears the closing costs before you sell or refinance again. What differs by state is the cost of getting there — recording fees, transfer and mortgage taxes, and whether an existing tax assessment survives the new loan.

Work the break-even with the refinance calculator, or check this week’s national average rates.

Nevada home loans in detail

Nevada Mortgage Overview

3 million people call Nevada home. Whether it's because of the year-round sunny weather, low taxes, and fun environment there are plenty of reasons to live in Nevada.

There's a lower cost of living in the Southern part of the state where the tourists mostly visit, but the entire state has a $470,000 median home price. Only 56 percent of the area's homes are owner-occupied mostly due to the high tourist rates.

Are you thinking of owning a home in Nevada? Here are your loan options.

Nevada conventional loans

You'll need great credit and low debt ratios for the conventional loan. Most lenders require a 660 credit score and a max 36 percent debt ratio. You don't need 20 percent down like most people think. First-time homebuyers need 3 percent down and subsequent homebuyers need 5 percent down.

Nevada FHA loans

If you have a lower credit score or higher debt ratio, the FHA loan is a great alternative. With a 580 credit score, you need just 3.5 percent down and a 45 - 50 percent debt ratio. If you have a 500 - 579 credit score, you'll need 10 percent down and lenders may be tougher on your debt ratio, but there's a chance of approval. FHA loans require mortgage insurance for the loan's term.

Nevada VA loans

Military veterans can secure 100 percent financing from a VA lender. You need a 620 credit score and enough income to cover the mortgage, consumer debts, and the daily cost of living. Veteran loans don't require a down payment and don't have mortgage insurance, but there is an upfront funding fee you pay at closing.

Nevada USDA loans

If living in rural parts of Nevada sound more peaceful, the USDA loan may be a good option. Your household income must be 115% or less of the area's median income and you need a 640+ credit score. If you qualify, you'll get 100 percent financing, pay low interest rates, and low mortgage insurance for the life of the loan.

First-Time Homebuyer

Programs in Nevada

Home is Possible

The Home is Possible program is a down payment program up to 5% of the sales price to help you buy a home. You need a minimum 640 credit score and must qualify for one of the above-mentioned loans. It's a 30-year term loan with a low interest rate.

Home is Possible for Heroes

Veterans have access to the Home is Possible for Heroes program which offers a 30-year loan at lower interest rates. You must meet the income requirements to qualify.

Home is Possible for Teachers

Teachers can take advantage of this HIP program. It provides $7,500 in down payment or closing cost assistance and is forgiven after 5 years if you are still in the home. You must be a licensed teacher and make income below the limits.

Nevada mortgage FAQ

How much is property tax on a home in Nevada?
Nevada homeowners pay an effective property tax rate of about 0.47 percent of home value — the 45th highest of the 50 states and DC. On the state's median home value of $455,500 that works out to roughly $2,143 a year, or $179 a month added to the mortgage payment. The figures come from the Census Bureau's American Community Survey 2024 1-year estimates; your own bill depends on the county and city rates where the home sits.
What is the monthly payment on a median-priced Nevada home?
At $456,000 with 20 percent down and the current 6.58 percent national 30-year fixed average, principal and interest come to about $2,325 a month. Adding Nevada property tax of roughly $179 a month and an estimated $133 of homeowner insurance brings the full payment to around $2,637.
Which home loan types can buyers use in Nevada?
Conventional loans in Nevada typically require a 660 credit score, a debt ratio around 36 percent, and 3 percent down for first-time buyers or 5 percent for repeat buyers. FHA loans allow a 580 score with 3.5 percent down, or 500 to 579 with 10 percent down. VA loans give eligible veterans 100 percent financing, and USDA loans offer zero-down rural financing with a 640 or higher score.
How does Nevada help first-time homebuyers?
Nevada's Home is Possible program provides down payment assistance of up to 5 percent of the sales price for buyers with at least a 640 credit score who qualify for an underlying loan. Home is Possible for Heroes gives veterans a 30-year loan at reduced interest rates, and Home is Possible for Teachers offers licensed teachers assistance that is forgiven after 5 years in the home.
Can you buy a home in Nevada with no down payment?
Yes. VA loans give qualifying veterans 100 percent financing with no mortgage insurance, and USDA loans offer zero-down financing in rural areas for households earning 115 percent or less of the area median income with a 640 or higher credit score. Other buyers can pair a low down payment loan with the Home is Possible program, which covers up to 5 percent of the sales price.

Property tax in every state

Effective rate on owner-occupied value, highest bills first in each column.