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Arizona mortgage calculator

The median home in Arizona runs about $430,000. With 20% down that's a loan near $344,000 — the calculator is pre-filled with that figure. Arizona's property tax rate is well below the national average, but prices in Phoenix and Tucson rose sharply through the 2020s, pushing payments up regardless.

$2,233.46 / month

Total interest
$460,051
Total paid
$804,051
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$86k$172k$258k$344k0612182430Year

How it works

A full Arizona payment is more than principal and interest. At the state's 0.63% effective property tax rate, a $430,000 home owes about $2,709 a year in tax, and homeowners insurance averages roughly $1,600 a year here. Together those add about $359 to the monthly payment before any HOA dues or PMI.

Arizona's median household income is about $74,000, or $6,167 a month. Lenders generally want the full housing payment under about 28% of that — roughly $1,727 — which is why a median-priced home is comfortable in some metros and a stretch in others. Homes in Arizona sell in about 45 days on average.

Frequently asked questions

What is a typical mortgage payment in Arizona?
On the state's roughly $430,000 median home with 20% down, the loan is about $344,000. Principal and interest depend on your rate; on top of that, Arizona's 0.63% effective property tax rate and about $1,600 a year in homeowners insurance add roughly $359 per month to the payment.
How much are property taxes on a home in Arizona?
Arizona's effective property tax rate averages about 0.63% of market value — roughly $2,709 a year on the $430,000 median home. Your county sets the actual rate and may assess below market value.
Is homeowners insurance expensive in Arizona?
The average Arizona homeowners policy runs about $1,600 a year. Arizona's property tax rate is well below the national average, but prices in Phoenix and Tucson rose sharply through the 2020s, pushing payments up regardless.
Can I afford a home in Arizona on the median income?
Arizona's median household income is about $74,000 a year, or $6,167 a month. Lenders generally want the full housing payment under about 28% of that — roughly $1,727 — so a median-priced home is a stretch in the pricier metros.
How fast do homes sell in Arizona?
A for-sale home in Arizona spends about 45 days on the market on average, though this varies widely by metro and season.

Learn more: Understanding your mortgage payment

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