Home and mortgage

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.

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Home priceDown paymentInterest rateStarts at this week's national averageLoan termProperty taxA year, as a share of the price; about 1% is typical, varying widely by countyHome insurance a yearMortgage insurance (PMI)A year, on the loan, only below 20% downHOA dues a month

Monthly payment$2,464.04The answer

Monthly payment

$2,464.04

A $395,000 home with 20% down ($316,000 borrowed) at 7.18% over 30 years costs about $2,464 a month: $2,141 principal and interest plus $323 of tax, insurance and dues.

Principal and interest: $2,140.69
Tax, insurance, PMI and HOA: $323.35
Total interest over the loan: $454,650

Amortization by year: $316,000 at 7.18%

Year	Interest	Principal	Balance
1	$22,588.10	$3,100.23	$312,899.77
2	$22,358.02	$3,330.30	$309,569.46
3	$22,110.88	$3,577.45	$305,992.01
4	$21,845.40	$3,842.93	$302,149.08
5	$21,560.21	$4,128.12	$298,020.96
6	$21,253.86	$4,434.47	$293,586.50
7	$20,924.78	$4,763.55	$288,822.94
8	$20,571.27	$5,117.06	$283,705.88
9	$20,191.53	$5,496.80	$278,209.08
10	$19,783.61	$5,904.72	$272,304.36
11	$19,345.42	$6,342.91	$265,961.45
12	$18,874.71	$6,813.62	$259,147.83
13	$18,369.06	$7,319.27	$251,828.56
14	$17,825.90	$7,862.43	$243,966.13
15	$17,242.42	$8,445.91	$235,520.22
16	$16,615.64	$9,072.69	$226,447.53
17	$15,942.35	$9,745.97	$216,701.56
18	$15,219.10	$10,469.23	$206,232.33
19	$14,442.17	$11,246.16	$194,986.17
20	$13,607.59	$12,080.74	$182,905.43
21	$12,711.07	$12,977.26	$169,928.17
22	$11,748.02	$13,940.31	$155,987.86
23	$10,713.50	$14,974.83	$141,013.04
24	$9,602.21	$16,086.12	$124,926.92
25	$8,408.45	$17,279.88	$107,647.04
26	$7,126.10	$18,562.23	$89,084.81
27	$5,748.59	$19,939.74	$69,145.07
28	$4,268.85	$21,419.48	$47,725.58
29	$2,679.29	$23,009.03	$24,716.55
30	$971.78	$24,716.55	$0.00

Download the schedule (CSV)

This week's mortgage rates

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

Home price	Principal and interest	Property tax	Total
$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.

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.

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Sources

Updated Sep 30, 2026 by the RateHerald team. The maths is tested against worked examples; report a problem.