Arizona Mortgage Calculator
Estimate your monthly mortgage payment in Arizona with state-specific property tax, insurance, and homestead data pre-loaded. Median home value in Arizona is $450,000 with an effective property tax rate of 0.62%.
Mortgage Calculator
Estimate your monthly payment including taxes, insurance, and PMI.
Optional
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
Year 1 | $27,305.28 | $4,023.74 | $23,281.54 | $355,976.26 |
| 1 | $2,275.44 | $325.44 | $1,950.00 | $359,674.56 |
| 2 | $2,275.44 | $327.20 | $1,948.24 | $359,347.36 |
| 3 | $2,275.44 | $328.98 | $1,946.46 | $359,018.38 |
| 4 | $2,275.44 | $330.76 | $1,944.68 | $358,687.62 |
| 5 | $2,275.44 | $332.55 | $1,942.89 | $358,355.07 |
| 6 | $2,275.44 | $334.35 | $1,941.09 | $358,020.72 |
| 7 | $2,275.44 | $336.16 | $1,939.28 | $357,684.56 |
| 8 | $2,275.44 | $337.98 | $1,937.46 | $357,346.58 |
| 9 | $2,275.44 | $339.81 | $1,935.63 | $357,006.77 |
| 10 | $2,275.44 | $341.65 | $1,933.79 | $356,665.12 |
| 11 | $2,275.44 | $343.50 | $1,931.94 | $356,321.62 |
| 12 | $2,275.44 | $345.36 | $1,930.08 | $355,976.26 |
Year 2 | $27,305.28 | $4,293.23 | $23,012.05 | $351,683.03 |
Year 3 | $27,305.28 | $4,580.74 | $22,724.54 | $347,102.29 |
Year 4 | $27,305.28 | $4,887.54 | $22,417.74 | $342,214.75 |
Year 5 | $27,305.28 | $5,214.86 | $22,090.42 | $336,999.89 |
What is a Mortgage Calculator?
A mortgage calculator helps you estimate your total monthly housing payment, including principal, interest, property taxes, home insurance, and private mortgage insurance (PMI). This gives you a complete picture of what homeownership will cost each month.
Unlike a simple loan calculator, a mortgage calculator accounts for additional costs that come with buying a home. Property taxes and insurance are typically required by lenders to be included in your monthly payment through an escrow account.
All calculations happen in your browser. No financial data is sent to any server, so your information stays completely private.
Arizona Housing Snapshot
| Median Home Value | $450,000 |
| Effective Property Tax Rate | 0.62% |
| Estimated Annual Property Tax | $2,790 |
| State Income Tax | Flat 2.5% |
| Homestead Exemption | $400,000 (one of the highest in the US) |
| Avg Homeowners Insurance | $1,830/yr |
| Transfer & Recording Taxes | No state real estate transfer tax; flat $2 fee on deed recording |
What Makes Buying in Arizona Different
Arizona pairs a low effective property tax rate of 0.62% with one of the strongest homestead protections in the country: $400,000 in home equity is shielded from most creditors. On a median $450,000 home, the annual property tax bill runs around $2,790, well below the national median. The state moved to a flat 2.5% income tax in 2023, simplifying take-home pay calculations. Phoenix metro dominates the housing market, with Scottsdale and Paradise Valley commanding premium prices and Tucson offering more affordable entry points. Homeowners insurance averages $1,830 per year, with the main risks being hail damage in the monsoon season and wildfire exposure in foothill and forested areas. The Phoenix market saw a major price correction in 2023 after the 2020-2022 boom, and prices have stabilized around current levels. No real estate transfer tax means closing costs are lower than in many other Western states.
Top Cities in Arizona
| City | Median Home Value |
|---|---|
| Phoenix | $450,000 |
| Tucson | $335,000 |
| Mesa | $460,000 |
| Scottsdale | $825,000 |
| Chandler | $530,000 |
The statewide average effective property tax rate is 0.62%, well below the US average of 1.07%. On a median $450,000 Phoenix metro home, annual property tax runs around $2,790. Maricopa County (Phoenix), Pima County (Tucson), and Pinal County have the largest populations; rates vary by school district within each county.
Arizona protects up to $400,000 in home equity through its homestead exemption, one of the highest in the US. The protection is automatic and applies to your primary residence; you do not need to file. This is significantly more generous than the federal homestead exemption available in bankruptcy proceedings.
Yes, Arizona has a flat 2.5% income tax (down from a four-bracket system that topped out at 4.5% before the 2023 reform). This applies to all income above the standard deduction. For mortgage qualification, this means slightly less take-home pay than in no-income-tax neighbors Nevada and Texas, but still better than California's progressive rates that reach 13.3%.
Home Affordability Calculator
Find out how much house you can afford based on income, debts, and down payment.
How Much House Can I Afford?
Complete guide with the 28/36 rule, salary-based estimates, and free calculator.
Mortgage Calculator
Estimate monthly mortgage payments including taxes, insurance, and PMI.