Arizona Mortgage Calculator
Calculate monthly payment and total interest on a Arizona mortgage at current 6.84% 30-year fixed rate.
Loan Details
Results
Monthly Payment (P&I)
$2,828
Principal
$432,000
Total Interest
$586,021
Total Paid
$1,018,021
Arizona housing market snapshot
Arizona (AZ) has a median home value around $432,000 as of April 2026. Typical 30-year fixed mortgage rates in Arizona sit near 6.84%, and effective property taxes average 0.63% per year of assessed value — approximately $2,722 annually on a median-priced home.
What this Arizona mortgage calculator shows
Enter the home price (or loan amount), the rate your lender quoted, and the loan term. You get principal & interest monthly. To build a full PITI (Principal, Interest, Taxes, Insurance) estimate for Arizona:
- Add $227/month for property tax at the state average
- Add $80–$200/month for homeowners insurance
- Add PMI if putting less than 20% down (roughly 0.3%–1.5% of loan amount annually)
- Add HOA dues if applicable (varies widely)
Arizona-specific considerations
Rates shown are indicative state-level averages aggregated from public lender data. Actual offers depend on credit score, down payment, debt-to-income ratio, loan program (conventional, FHA, VA, USDA), and the specific lender. Always compare at least three lenders and request a Loan Estimate within three business days per the TILA-RESPA Integrated Disclosure rules.
Refinance vs. new purchase
If you already own a home in Arizona, use the same calculator with your current balance to model refinance scenarios. A common rule of thumb: refinance makes sense when you can cut the rate by 0.75%+ and you plan to stay in the home long enough to cover closing costs (typically 2–5% of the loan amount).
Frequently Asked Questions
Everything you need to know, in one place.
What is the current mortgage rate in Arizona?
As of April 2026, 30-year fixed mortgage rates in Arizona average around 6.84%. Your specific rate depends on credit score (740+ gets the best), down payment (20%+ avoids PMI), loan type (conventional, FHA, VA, USDA), and the lender. Rates update weekly — check Freddie Mac PMMS for the latest national average.
How much is property tax in Arizona?
Arizona's effective property tax rate averages 0.63% of home value per year. On a $432k median home, that is roughly $2,722 annually, or $227 per month added to your PITI payment. Actual rates vary by county and municipality.
Do I need PMI on a Arizona mortgage?
PMI (Private Mortgage Insurance) is typically required on conventional loans with less than 20% down. Expect 0.3%-1.5% of the loan amount annually. PMI drops off automatically at 78% LTV or when you request removal at 80% LTV with a good payment history. FHA loans have MIP (Mortgage Insurance Premium) that works differently and may last the life of the loan.
What closing costs should I expect in Arizona?
Arizona closing costs typically run 2%-5% of the loan amount. This includes lender fees (origination, appraisal, credit report), title insurance, recording fees, and prepaid items (property tax, homeowners insurance, interest). On a $432k home, budget $13k-$22k for closing.
Is a 15-year or 30-year mortgage better in Arizona?
A 30-year mortgage gives you the lowest monthly payment — good if Arizona home prices strain cash flow. A 15-year mortgage typically offers a rate ~0.5%-0.75% lower than 30-year and saves 60%+ on total interest, but monthly payments are roughly 50% higher. Run both scenarios in this calculator and compare total interest paid.
How much house can I afford in Arizona?
The 28/36 rule: no more than 28% of gross monthly income on housing (PITI) and 36% on total debt. For a $100k household income, that's about $2,333/month on housing. At 6.84% over 30 years, that supports a mortgage of roughly $345k — plus your down payment equals your max home price.
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