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Arizona Mortgage Calculator

Your monthly mortgage payment in Arizona, with Arizona's effective property tax rate (0.48%) built in, at this week's average rate. The calculator starts at the state's median home value, $394,500.

A $395,000 home with 20% down ($316,000 borrowed) at 7.28% over 30 years costs about $2,485 a month: $2,162 principal and interest plus $323 of tax, insurance and dues.

Monthly payment
$2,485.46
Principal and interest
$2,162.11
Tax, insurance, PMI and HOA
$323.35
Total interest over the loan
$462,360
Loan balance and interest paid over 30 years at 7.28%$0$100k$200k$300k$400k$500k051015202530Years━Balance owed━Interest paid so far
Download the schedule (CSV)
Amortization by year: $316,000 at 7.28%
YearInterestPrincipalBalance
1$22,904.67$3,040.66$312,959.34
2$22,675.78$3,269.55$309,689.79
3$22,429.65$3,515.68$306,174.11
4$22,164.99$3,780.34$302,393.77
5$21,880.41$4,064.92$298,328.85
6$21,574.41$4,370.92$293,957.93
7$21,245.37$4,699.96$289,257.97
8$20,891.56$5,053.77$284,204.20
9$20,511.12$5,434.21$278,769.99
10$20,102.04$5,843.29$272,926.70
11$19,662.16$6,283.17$266,643.53
12$19,189.17$6,756.16$259,887.37
13$18,680.58$7,264.75$252,622.62
14$18,133.69$7,811.64$244,810.99
15$17,545.64$8,399.69$236,411.30
16$16,913.32$9,032.01$227,379.29
17$16,233.40$9,711.93$217,667.37
18$15,502.30$10,443.03$207,224.34
19$14,716.16$11,229.17$195,995.17
20$13,870.84$12,074.49$183,920.68
21$12,961.89$12,983.44$170,937.24
22$11,984.51$13,960.82$156,976.42
23$10,933.55$15,011.78$141,964.64
24$9,803.48$16,141.85$125,822.80
25$8,588.34$17,356.99$108,465.81
26$7,281.73$18,663.60$89,802.21
27$5,876.75$20,068.58$69,733.64
28$4,366.01$21,579.32$48,154.32
29$2,741.55$23,203.78$24,950.54
30$994.79$24,950.54$0.00

This week's mortgage rates →

Monthly payment in Arizona by home price (20% down, 7%, 30 years, 0.48% tax, $2,000 insurance)

Home pricePrincipal and interestProperty taxTotal
$200,000$1,064$79$1,310
$300,000$1,597$119$1,882
$390,000$2,076$155$2,397
$590,000$3,140$234$3,541
$790,000$4,205$313$4,685

How this calculator works

As the mortgage calculator, with Arizona's effective property tax rate from the Census Bureau's American Community Survey 2020–2024 5-year estimates: median taxes $1,879 ÷ median value $394,500.

What it assumes

  • Home insurance varies a lot by state and area; enter your quote.
  • County property tax rates differ from the state figure; see the county pages.

Questions people ask

What is the mortgage payment on a median home in Arizona?

On $394,500 with 20% down at 7% over 30 years: about $2,100 principal and interest and $156 of property tax, $2,423 a month with $2,000 a year of insurance.

What is the median home value in Arizona?

$394,500 for owner-occupied homes (Census American Community Survey 2020–2024 5-year estimates), against $332,700 nationally.

How much is property tax in Arizona?

The effective rate is 0.48%, a median $1,879 a year. See Arizona's property tax page for every county we cover.

How much income do I need for a median Arizona home?

Under the 28% guideline, about $103,836 a year for the payment above; Arizona's median household income is $79,964.

Mortgage calculator by state

Related calculators

  • Mortgage CalculatorYour full monthly mortgage payment: principal and interest, property tax, insurance, PMI and HOA dues, at this week's average rate, with a yearly amortization schedule.
  • Arizona Property Tax CalculatorArizona homeowners pay a median $1,879 a year in property tax, 0.48% of a median $394,500 home: the 48th highest effective rate of the 50 states and DC.
  • Home Affordability CalculatorThe home price your income supports under the 28/36 guideline lenders use, counting your other debts, down payment, taxes and insurance, at this week's average rate.

Sources

Updated by the RateHerald team. The maths is tested against worked examples; report a problem.