Watcharu Finance

Nevada mortgage calculator

The median home in Nevada runs about $440,000. With 20% down that's a loan near $352,000 — the calculator is pre-filled with that figure. Nevada has no state income tax, a low property tax rate with a 3% annual cap on assessment increases for owner-occupants, and cheap insurance — but Las Vegas and Reno prices have outrun those advantages.

$2,285.41 / month

Total interest
$470,743
Total paid
$822,743
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$88k$176k$264k$352k0612182430Year

How it works

A full Nevada payment is more than principal and interest. At the state's 0.55% effective property tax rate, a $440,000 home owes about $2,420 a year in tax, and homeowners insurance averages roughly $1,200 a year here. Together those add about $302 to the monthly payment before any HOA dues or PMI.

Nevada's median household income is about $76,000, or $6,333 a month. Lenders generally want the full housing payment under about 28% of that — roughly $1,773 — which is why a median-priced home is comfortable in some metros and a stretch in others. Homes in Nevada sell in about 45 days on average.

Frequently asked questions

What is a typical mortgage payment in Nevada?
On the state's roughly $440,000 median home with 20% down, the loan is about $352,000. Principal and interest depend on your rate; on top of that, Nevada's 0.55% effective property tax rate and about $1,200 a year in homeowners insurance add roughly $302 per month to the payment.
How much are property taxes on a home in Nevada?
Nevada's effective property tax rate averages about 0.55% of market value — roughly $2,420 a year on the $440,000 median home. Your county sets the actual rate and may assess below market value.
Is homeowners insurance expensive in Nevada?
The average Nevada homeowners policy runs about $1,200 a year. Nevada has no state income tax, a low property tax rate with a 3% annual cap on assessment increases for owner-occupants, and cheap insurance — but Las Vegas and Reno prices have outrun those advantages.
Can I afford a home in Nevada on the median income?
Nevada's median household income is about $76,000 a year, or $6,333 a month. Lenders generally want the full housing payment under about 28% of that — roughly $1,773 — so a median-priced home is a stretch in the pricier metros.
How fast do homes sell in Nevada?
A for-sale home in Nevada spends about 45 days on the market on average, though this varies widely by metro and season.

Learn more: Understanding your mortgage payment

Other Nevada calculators

Related calculators

Mortgage calculator for another state

← Full calculator & all states