Hot Springs Village, Arkansas - RE/MAX of Hot Springs Village


Cost of Living - Crunching the Numbers


Arkansas's housing, utilities and taxes rank well below other area of the country. ACCRA Cost of Living Survey showed Hot Springs resident’s cost of living 14% lower than the national average, (items surveyed included housing, grocery, utilities, transportation, healthcare, etc.).


If your income in HERE is $50,000 to enjoy the same lifestyle ELSEWHERE you will need an income of:


  • $153,524 in Manhattan
  • $106,865 in Chicago
  • $105,754 in Washington D.C.
  • $103,750 in Los Angeles
  • $100,843 in Boston
  • $86,685 in Seattle
  • $76,118 in Dallas
  • $70,822 in Atlanta
  • $68,965 in Santa Fe


Ask us about the affordable Routine Village Costs:

  • Association Dues
  • Water, Sewer & Sanitation
  • Electricity
  • Telephone, Cable TV or Direct TV
  • Automobile Registration & Drivers License
  • Homeowners Insurance

For All of Your Hot Springs Village Real Estate Needs, Call RE/MAX!

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Hot Springs Village, Arkansas

How Much Can You Afford?


Our calculators will help you determine loan amounts, mortgage qualification, affordability or whether you should be renting or buying.


Complete the fields below and click Calculate Now. To view the results of each calculation, click on the various tabs.  To email yourself a copy of the results, click the Receive this Detailed Analysis link.

Required Fields
Term In Years:     
Interest Rate:      %
Cost of Home:  $
Down Payment:  $  
Annual Insurance:  $  
Estimate Insurance to 0.43% of Cost
Annual Property Tax:  $  
Estimate Tax to 1.2% of Cost
Monthly Income:  $
Monthly Debt:  $
Optional Fields
Gross Debt Service Ratio (GDS):     
Total Debt Service Ratio (TDS):     
Condos Fees:  $
  Receive this Detailed Analysis

Your Monthly Payments
Loan Amount:
Loan Insurance (%):
Total Loan (Mortgage) Amount:
Principal & Interest:
Homeowners Insurance:
Property Taxes:
Condo Fees:
Monthly Loan Insurance (%):
Total Monthly Payment:
Income Needed to Qualify for the Mortgage
Total Monthly Loan Payment:
Total Monthly Debt Payment:
Monthly Loan Insurance (%):
Qualifying Income of % GDS Ratio:
Qualifying Income of % TDS Ratio:
What You Can Afford
We are using the % ratio.
Cost of House:
Down Payment:
Loan Value:
Monthly Principal & Interest:
Monthly Insurance:
Monthly Property Tax:
Monthly Condo Fees:
Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] /
(monthly interest rate/ function of interest rate)
Monthly Rent: $
Annual Rental Increases:  %
Monthly Renter Insurance: $
Savings or Investment Rate:  %
Planned # of years in home: 
Yearly appreciation of the home:  %
Annual home maintenance:  %

Call RE/MAX of Hot Springs Village for all of your Arkansas real estate needs!