Calculate Your Arizona Mortgage Payment
Our calculator is pre-filled with Arizona's median home price and property tax rate. Adjust the numbers to match your situation.
Open Calculator with AZ DefaultsMonthly Payment Breakdown for Arizona
Here's what your monthly payment looks like on the median Arizona home ($448,500) with 20% down at 6.5%:
Note: This estimate assumes 20% down payment ($89,700), no PMI. With less than 20% down, add $150-$299/month for PMI.
Arizona Property Taxes
Arizona's effective property tax rate is 0.62%, which is below the national average of 0.89%.
Annual Property Tax on $448,500 Home
$2,781
($232/month escrowed)
Buying a Home in Arizona: Key Facts
- Lowest property tax rate among top 5 states (0.62%)
- Popular Sun Belt destination with strong population growth
- On a $448,500 home, expect ~$2,780/year in property taxes
- Hot market with homes averaging 70 days on market
Mortgage Calculators for Nearby States
Comparing homes across state lines? Check property taxes and home prices in neighboring states:
Arizona First-Time Homebuyer Programs
Arizona has 45 homebuyer assistance programs that can help with down payment and closing costs.
Home Plus Program
Up to 5% of loan amount for down payment
Grant or 3-year forgivable loanPathway to Purchase
Up to $20,000 in down payment assistance
10-year forgivable second mortgageHome in Five Advantage
Up to 6% of loan amount (Maricopa County)
Grant, no repayment requiredEligibility requirements typically include income limits, credit score minimums (usually 620+), and homebuyer education courses. Visit DownPaymentResource.com to search for programs you may qualify for.
Major Cities in Arizona
Home prices and property taxes can vary significantly by city. The median home price of $448,500 is a statewide average.
Arizona Mortgage FAQ
What is the property tax rate in Arizona?
The average effective property tax rate in Arizona is 0.62%. On a $448,500 home, that's approximately $2,781 per year or $232 per month added to your mortgage payment.
What is the median home price in Arizona?
The median home price in Arizona is $448,500 as of January 2026. Prices vary by location - Phoenix and Tucson typically have higher prices than rural areas.
Are there first-time homebuyer programs in Arizona?
Yes, Arizona has 45 homebuyer assistance programs. Popular options include Home Plus Program, which offers up to 5% of loan amount for down payment.
How much do I need to buy a house in Arizona?
For the median Arizona home ($448,500), you'd need $89,700 for a 20% down payment, plus $13,455-$22,425 for closing costs. With down payment assistance, you could potentially buy with as little as $15,698 (3.5% FHA down payment).
Ready to Calculate?
Use our free mortgage calculator with Arizona property taxes pre-filled.
Calculate Your AZ Mortgage Payment