Home
/
Loans
/
Mortgage Calculator
/
Arizona

Arizona Mortgage Calculator (2026)

Calculate your monthly mortgage payment in Arizona including principal, interest, and Arizona's average property tax rate of 0.62%.

Arizona Property Tax Note: Arizona has a relatively low average property tax rate of 0.62%. However, rapidly rising home prices in Phoenix and Scottsdale have increased absolute dollar amounts of property taxes. Arizona has a homestead exemption that provides some protection from rapid increases in assessed values. HOA fees are common in Arizona developments and add to monthly housing costs.

Your Mortgage Details

Home Price

Down Payment

Annual Interest Rate

Loan Term

Property Tax Rate

Arizona average: 0.62%

Annual Homeowners Insurance

Results update automatically

Arizona Monthly Payment

Estimated

Loading your results…

Results update automatically as you change values

Median Arizona home ($420,000) — 20% down — 7% rate — 30yr

Component	Monthly	Annual
Principal & Interest	$2,235.42	$26,825
Property Tax (0.62%)	$217.00	$2,604
Homeowners Insurance	$150.00	$1,800
Total PITI	$2,602.42	$31,229

Total interest over 30yr: $468,750. PMI not included.

Monthly property tax on a $400,000 home by state

State	Avg Rate	Monthly/$400k
Alabama	0.41%	$136.67
Alaska	1.04%	$346.67
Arizona ★	0.62%	$206.67
Arkansas	0.62%	$206.67
California	0.76%	$253.33
Colorado	0.51%	$170.00
Connecticut	1.79%	$596.67
Delaware	0.57%	$190.00
Florida	0.89%	$296.67
Georgia	0.92%	$306.67
Hawaii	0.29%	$96.67
Idaho	0.69%	$230.00
Illinois	2.23%	$743.33
Indiana	0.85%	$283.33
Iowa	1.57%	$523.33
Kansas	1.41%	$470.00
Kentucky	0.86%	$286.67
Louisiana	0.55%	$183.33
Maine	1.09%	$363.33
Maryland	1.09%	$363.33
Massachusetts	1.14%	$380.00
Michigan	1.54%	$513.33
Minnesota	1.12%	$373.33
Mississippi	0.81%	$270.00
Missouri	1.01%	$336.67
Montana	0.84%	$280.00
Nebraska	1.73%	$576.67
Nevada	0.55%	$183.33
New Hampshire	1.93%	$643.33
New Jersey	2.23%	$743.33
New Mexico	0.80%	$266.67
New York	1.72%	$573.33
North Carolina	0.80%	$266.67
North Dakota	0.98%	$326.67
Ohio	1.53%	$510.00
Oklahoma	0.88%	$293.33
Oregon	0.87%	$290.00
Pennsylvania	1.49%	$496.67
Rhode Island	1.53%	$510.00
South Carolina	0.57%	$190.00
South Dakota	1.22%	$406.67
Tennessee	0.67%	$223.33
Texas	1.60%	$533.33
Utah	0.52%	$173.33
Vermont	1.83%	$610.00
Virginia	0.87%	$290.00
Washington	0.98%	$326.67
Washington DC	0.55%	$183.33
West Virginia	0.59%	$196.67
Wisconsin	1.76%	$586.67
Wyoming	0.61%	$203.33

Arizona has a relatively low average property tax rate of 0.62%. However, rapidly rising home prices in Phoenix and Scottsdale have increased absolute dollar amounts of property taxes. Arizona has a homestead exemption that provides some protection from rapid increases in assessed values. HOA fees are common in Arizona developments and add to monthly housing costs.

Median home price: $420,000. Average property tax: 0.62%. Cost of living index: 103 (US avg = 100).

What is the average property tax rate in Arizona?

The average effective property tax rate in Arizona is 0.62%. This means on a $420,000 home, you would pay approximately $2,604/year ($217.00/month) in property taxes. Note that actual property taxes are based on the county-assessed value, which may differ from the purchase price, and individual rates vary by county.

How much do I need to earn to afford a home in Arizona?

At the Arizona median home price of $420,000 with 20% down and a 7% rate, total monthly housing costs (PITI) are approximately $2,602.42. Using the 28% housing-to-income rule, you would need a gross monthly income of about $9,294.34, or $111,532/year. With less down payment or higher home price, the required income increases.

Is Arizona a community property state?

Arizona is a common law (equitable distribution) state. Spouses can own property separately, and lenders typically evaluate only the borrower(s) named on the mortgage application.

Should I get a 15-year or 30-year mortgage?

A 30-year mortgage has lower monthly payments but you pay significantly more interest over time. For example, on a $336,000 loan at 7%, monthly P&I is $2,235.42 (30yr) vs. $3,020.06 (15yr). Choose 30-year if cash flow is tight; choose 15-year if you can comfortably afford the higher payment.

What other costs should I budget for when buying in Arizona?

Beyond the mortgage payment, budget for: (1) Closing costs — typically 2–5% of the loan amount at purchase; (2) Home inspection — $300–$600; (3) Property taxes — $2,604/year at Arizona average rates on a $420,000 home; (4) Homeowners insurance — $1,200–$2,400/year; (5) HOA fees if applicable; (6) Maintenance reserve — budget 1–2% of home value annually.

View for a specific state:

AL Alabama AK Alaska AZ Arizona AR Arkansas CA California CO Colorado CT Connecticut DE Delaware FL Florida GA Georgia HI Hawaii ID Idaho IL Illinois IN Indiana IA Iowa KS Kansas KY Kentucky LA Louisiana ME Maine MD Maryland MA Massachusetts MI Michigan MN Minnesota MS Mississippi MO Missouri MT Montana NE Nebraska NV Nevada NH New Hampshire NJ New Jersey NM New Mexico NY New York NC North Carolina ND North Dakota OH Ohio OK Oklahoma OR Oregon PA Pennsylvania RI Rhode Island SC South Carolina SD South Dakota TN Tennessee TX Texas UT Utah VT Vermont VA Virginia WA Washington DC Washington DC WV West Virginia WI Wisconsin WY Wyoming All 50 states

Accuracy & Methodology

Our calculators use current US tax rates and standard financial formulas. Results are estimates intended for planning purposes and do not constitute financial advice. Learn about our methodology ›

Arizona Housing Facts

Median Home Price$420,000
Avg Property Tax0.62%
Cost of Living103 (US=100)

Related Tools

Salary After Tax Calculator
Mortgage Affordability Calculator
Budget Calculator