Alaska First-Time Homebuyer Calculator
First-time homebuyer costs in Alaska: $11,550 FHA down payment, $9,240 closing costs, 1.19% property tax. See total upfront costs & monthly payments.
How This Calculator Works
Calculation methodology and assumptions
First-time homebuyer cost breakdown for Alaska. Includes down payment, closing costs (2.8%), PMI (required below 20% down), property tax (1.19%), and homeowners insurance ($1,350/yr). DTI ratio should stay below 43% for conventional loans and 50% for FHA.
Key State Information
Alaska homebuyer facts: Median price $330,000 | 20% down = $66,000 | FHA 3.5% down = $11,550 | Closing costs ~$9,240 | Property tax 1.19% | No attorney required.
Frequently Asked Questions
How much do I need to buy a house in Alaska?
For Alaska's median home ($330,000): FHA minimum down payment is $11,550 (3.5%), plus $9,240 in closing costs. Total minimum: ~$20,790. With 20% down to avoid PMI: ~$75,240.
What are closing costs in Alaska?
Alaska closing costs average 2.8% of the home price, or about $9,240 on the median home. This includes title insurance, appraisal, origination fees, recording fees, and optional attorney fees. Transfer taxes are 0%.
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