Arizona Mortgage Calculator

Calculate your monthly mortgage payment in Arizona. Pre-filled with Arizona's average property tax rate of 0.62%. See principal, interest, PMI, property taxes, and insurance.

$70,000

Monthly Payment Breakdown

Principal & Interest
$1,770
Property Tax
$181
Homeowner's Insurance
$100
Total Monthly Payment
$2,051

Loan Summary

Home Price
$350,000
Down Payment
$70,000
Loan Amount
$280,000
Total Interest
$357,125
Total Cost(P&I + down payment)
$707,124

See how this mortgage fits your financial plan

Your estimated payment is $2,051/month. See how it fits alongside your income, savings, investments, and other expenses over time.

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Arizona Housing Overview

Arizona has an average property tax rate of 0.62%. Arizona's cost of living is near the national average, with affordable housing outside of the Phoenix and Scottsdale metro areas.

Property Tax: 0.62%Flat 2.5% tax rateNo tax on Social Security benefitsGrowing tech and healthcare job markets

Buying a Home in Arizona

If you're considering buying a home in Arizona, understanding the local housing market and costs is essential. Property taxes, insurance rates, and home prices vary significantly by area within the state. This calculator pre-fills Arizona's average property tax rate of 0.62% to give you a more accurate estimate.

Arizona Property Taxes

Arizona has an average effective property tax rate of 0.62%. Property taxes are a significant component of your monthly housing cost — on a $350,000 home, a 0.62% rate means approximately $2170 per year, or $181 per month in property taxes alone.

Cost of Living in Arizona

Arizona's cost of living is near the national average, with affordable housing outside of the Phoenix and Scottsdale metro areas. When evaluating whether to buy a home in Arizona, consider how your mortgage payment plus other housing costs fit within the recommended 28% of gross income guideline.

Financial Tips for Arizona Homebuyers

  • Arizona's 2.5% flat tax rate is among the lowest in the nation — great for high earners
  • Arizona does not tax Social Security benefits
  • The growing Phoenix metro area offers strong job markets in tech and healthcare
  • Arizona's warm climate attracts retirees — plan for retirement-friendly taxation

Key Arizona Features

  • Flat 2.5% tax rate
  • No tax on Social Security benefits
  • Growing tech and healthcare job markets

See How Your Arizona Mortgage Fits Your Financial Plan

This calculator shows your Arizona mortgage payment. Trajectoryy's full simulator shows how that payment fits alongside your income, taxes, savings, investments, and more.

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Compare Arizona Mortgage Costs with Other States

California0.71% property taxNevada0.53% property taxUtah0.57% property taxCalifornia0.71% property taxNew York1.46% property taxTexas1.80% property tax

Frequently Asked Questions

What is the average property tax rate in Arizona?
The average effective property tax rate in Arizona is approximately 0.62%. This rate is applied to the assessed value of your property, which may differ from the market value depending on Arizona's assessment practices. Property tax rates can also vary significantly by county and municipality within the state.
How much does a typical mortgage payment cost in Arizona?
Your mortgage payment in Arizona depends on the home price, your down payment, interest rate, and loan term. With Arizona's average property tax rate of 0.62%, property taxes add a meaningful amount to your monthly payment. Use the calculator above with your specific numbers to get an accurate estimate.
Is Arizona an affordable state to buy a home?
Arizona's cost of living is near the national average, with affordable housing outside of the Phoenix and Scottsdale metro areas. When evaluating affordability in Arizona, consider not just the home price but also property taxes (0.62% average), homeowner's insurance costs, and any HOA fees common in your area.
How do Arizona property taxes compare to other states?
Arizona's average property tax rate of 0.62% can be compared against the national average of roughly 1.1%. States like New Jersey (2.23%) and Illinois (1.97%) have among the highest rates, while Hawaii (0.28%) and Alabama (0.40%) have among the lowest.
What first-time homebuyer programs are available in Arizona?
Most states, including Arizona, offer first-time homebuyer programs through their state housing finance agency. These typically include down payment assistance, below-market interest rates, and closing cost grants. Check with Arizona's housing authority and the FHA, VA, and USDA loan programs for additional options.

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