US mortgage calculator (all states)
Arizona's median home price is approximately $423,300 as of early 2026, down about 2.2% year-over-year after strong gains in 2024. Arizona's real estate market is driven by rapid in-migration from higher-tax states like California, with Phoenix and Scottsdale remaining high-demand areas. Current 30-year fixed mortgage rates in Arizona are around 6.2–6.5% in 2026. Arizona has one of the lower property tax rates in the US at approximately 0.7–0.9% of home value, with annual taxes on the median home running $3,000–$3,800. First-time buyers can access down payment assistance of $5,000–$15,000 through county-level programs and the Arizona State Home Loan Program.
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State: Arizona (median-style home price, tax, and insurance pre-filled — edit as needed)
Illustrative property tax and insurance — actual escrow, lender PMI, and DPA eligibility vary. Not a loan offer.
Dollar amount. PMI applies when under 20% of home price.
PMI is estimated at 0.5% of the loan amount per year when your down payment is below 20% of the purchase price.
Total monthly payment
$2,605
Amortization summary: fixed rate; effective rate equals your quoted rate. Taxes, insurance, PMI, and HOA are shown separately from P&I.
| Year | Median Price | Change YoY |
|---|---|---|
| 2024 | ~$443,000 | +4.1% |
| 2025 | ~$432,000 | -2.5% |
| Early 2026 | $423,300 | -2.2% |
| Home Value | Effective Rate | Annual Tax |
|---|---|---|
| $300,000 | ~0.8% | ~$2,400 |
| $423,300 | ~0.8% | ~$3,386 |
| $600,000 | ~0.8% | ~$4,800 |
Arizona's effective property tax rate of 0.7–0.9% is among the lowest in the United States. On Arizona's median home of $423,300, annual property taxes are approximately $3,000–$3,800 depending on county. Maricopa County (Phoenix) and Pima County (Tucson) have slightly different assessment rules.
Arizona first-time buyers have access to two main assistance channels. The Arizona State Home Loan Program offers below-market-rate 30-year fixed mortgages for buyers meeting income and credit thresholds. County-level down payment assistance programs — particularly in Maricopa and Pima counties — offer grants or zero-interest second mortgages of $5,000–$15,000, typically capped at 3–5% of the purchase price. Income limits and purchase price caps apply. FHA loans with 3.5% down are also widely used in Arizona, requiring a minimum credit score of 580.
| Term | Rate | Monthly Payment | Total Interest |
|---|---|---|---|
| 30-year fixed | 6.35% | $2,107 | $420,186 |
| 15-year fixed | 5.85% | $2,836 | $172,424 |
Illustrative principal & interest only — excludes taxes, insurance, and PMI. Use the calculator above for your scenario.
Arizona's median home price is approximately $423,300 as of early 2026, down about 2.2% year-over-year. Phoenix and Scottsdale metro homes average higher at $500,000+, while Tucson and rural areas are more affordable at $280,000–$350,000.
Arizona's effective property tax rate is approximately 0.7–0.9% of home value — one of the lowest in the US. On a $423,300 home, annual property taxes are approximately $3,000–$3,800. Arizona uses an assessment ratio system where only a portion of home value is taxed.
Current 30-year fixed mortgage rates in Arizona are approximately 6.2–6.5% in 2026, in line with national averages. FHA rates are slightly lower, typically 5.8–6.2%, and VA rates for eligible veterans can be as low as 5.5–6.0%.
Yes. Arizona offers the State Home Loan Program with below-market mortgage rates, plus county-level down payment assistance of $5,000–$15,000 through local housing agencies. FHA loans with 3.5% down are also widely available. Income limits and purchase price caps apply to assistance programs.
Conventional loans in Arizona require 5–20% down. FHA loans require 3.5% with a 580+ credit score. VA and USDA loans offer 0% down for eligible borrowers. On Arizona's median home of $423,300, a 5% down payment is approximately $21,165 and 20% is $84,660.
PMI (Private Mortgage Insurance) is required on conventional loans with less than 20% down. In Arizona, PMI typically costs 0.5–1% of the loan amount per year — approximately $1,700–$3,400 annually on a $338,640 loan. PMI is removed once you reach 20% equity.
Educational estimates only. Not a lender pre-approval.