Nevada Mortgage
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This calculator provides highly accurate estimates for conventional mortgages in Nevada. We use Nevada-specific property tax averages (0.60% for Clark County) and typical homeowners insurance costs (~$1,500/year). However, your actual payment will vary based on your specific interest rate, exact property tax rate, insurance premium, and lender fees. For a precise quote with your exact rate, get pre-qualified.

PMI (Private Mortgage Insurance) protects the lender if you default. It's required on conventional loans when your down payment is less than 20%. PMI typically costs 0.3%–1.5% of the loan amount annually. The good news: You can request PMI removal once you reach 20% equity through payments or appreciation, and it automatically terminates at 22% equity. Learn how to remove PMI.

It depends on your situation. Putting 20% down eliminates PMI and lowers your monthly payment, but it ties up a large amount of cash. Many Nevada buyers choose 3%–10% down to preserve savings for emergencies, home improvements, or investments. PMI is temporary and can be removed, while your interest rate is locked for the loan term. Compare down payment scenarios.

30-year: Lower monthly payments, more interest over time, better cash flow flexibility. 15-year: Higher monthly payments, much less interest paid, faster equity building, often lower interest rates. For a $360,000 loan at 6.75%, the 30-year payment is ~$2,310/month (P&I), while a 15-year is ~$3,185/month (P&I)—but you'll save over $200,000 in interest. Full 15 vs 30 comparison.

Clark County (Las Vegas, Henderson, North Las Vegas): ~0.60% annually. Washoe County (Reno, Sparks): ~0.65% annually. Other Nevada counties: Range from 0.55%–0.75%. Property tax is calculated as a percentage of your home's assessed value and collected monthly by your lender into an escrow account. Nevada property tax guide.

Interest rates vary daily based on market conditions, your credit score, down payment, and loan term. As of early 2026, conventional rates typically range from 6.00%–7.50% for 30-year fixed loans. Better credit = lower rates. Scores above 740 usually qualify for the best pricing. Get your personalized rate quote in 60 seconds.

Yes, in two ways: (1) Affordability: Lenders include HOA fees in your debt-to-income ratio, affecting how much home you qualify for. (2) Monthly budget: HOA fees are NOT escrowed—you pay them directly to the HOA on top of your mortgage payment. Many Nevada communities (especially Summerlin, Anthem, and newer developments) have HOA fees ranging from $50–$400+/month.

Conventional loan closing costs in Nevada typically range from 2%–5% of the home price. For a $450,000 home, expect $9,000–$22,500 in closing costs, which include lender fees, appraisal, title insurance, escrow setup, and prepaid taxes/insurance. You can sometimes negotiate for the seller to pay a portion of these costs. Full Nevada closing costs breakdown.

Absolutely. Conventional loans are available with as little as 3% down for first-time buyers (Conventional 97) and 5% down for repeat buyers. You'll pay PMI until you reach 20% equity, but conventional PMI is often cheaper than FHA mortgage insurance and can be removed. Many Nevada buyers choose low-down conventional loans to preserve cash. Explore low down payment options.

The minimum credit score for conventional loans is typically 620, though some lenders may go lower with compensating factors. For the best rates and terms, aim for a score of 740+. Scores between 620–739 may face higher interest rates or require larger down payments. If your score is below 620, FHA loans may be a better option with minimums as low as 580.

The best way to get a personalized, accurate payment estimate is to get pre-qualified. We'll pull your credit (soft check with no score impact), review your income and debts, and provide an exact rate quote with a precise payment breakdown. Pre-qualification takes 60 seconds to start and you'll hear back within 1-2 business days. No obligation.

PITI stands for Principal, Interest, Taxes, and Insurance—your total monthly housing payment. Lenders use PITI (plus any HOA fees) to calculate your debt-to-income ratio and determine how much home you can afford. Understanding PITI helps you budget accurately and avoid overextending financially. Use this calculator to see your complete PITI + HOA before making an offer.