Mortgage Calculator — Arizona
Pre-filled with Arizona's average home price of $380000, property tax rate of 0.61%, and average insurance of $1600/year. Adjust any value below.
1 Loan Details
2 Monthly Costs (Arizona averages pre-filled)
Include PMI
Required when down payment < 20%
Estimated Monthly Payment
—
Enter your loan details to see your payment
Total Interest Paid
—
Over loan lifetime
Total Cost
—
Principal + interest
Loan Amount
—
Amount financed
Down Payment
—
Of home price
Monthly Payment Breakdown
Balance Over Time
Rate Comparison
How your payment changes with different interest rates
| Rate Scenario | Monthly P&I | Total Interest |
|---|---|---|
| Enter loan details above to see rate scenarios | ||
Amortization Schedule
Full month-by-month payment breakdown
| Month | Year | Payment | Principal | Interest | Balance |
|---|
Arizona Housing Market
Arizona offers one of the lowest effective property tax rates in the Sun Belt at around 0.6%, making total monthly costs more manageable. Phoenix has seen rapid appreciation since 2020 but remains below California coastal markets.
Affordability in Arizona
Phoenix and Scottsdale have seen strong price growth driven by in-migration from California. Tucson and smaller Arizona markets remain significantly more affordable, offering entry-level homes well below $300,000.
Key Markets
First-Time Buyer Programs in Arizona
Arizona Industrial Development Authority (AZIDA)
Home Plus program — 30-year fixed mortgage + 3–5% down payment assistance grant. No repayment required. Income limits apply.
Home in Five Advantage (Maricopa County)
5% down payment assistance for buyers in Maricopa County (Phoenix area). Military/first responders receive an extra 1%.
Property Tax in Arizona
Arizona has a constitutional cap limiting property tax to 1% of full cash value for residential property. Effective rates run 0.5–0.7%. Maricopa County (Phoenix) averages 0.59%. Owner-occupied homes get a reduced assessment ratio (10% vs 18% for non-owner).
Arizona Conforming Loan Limit
$766,550 in most Arizona counties. Maricopa and Pima counties have standard limits — jumbo financing required above this.
Closing Costs in Arizona
Arizona closing costs typically run 2–3% of purchase price. There is no state transfer tax, keeping costs lower than many states. Primary costs: title insurance, escrow fees, lender origination, and recording fees.
Mortgage Calculator by State