Arizona Mortgage Calculator
Calculate your monthly mortgage payment in Arizona with property taxes by county, insurance, PMI, and HOA fees. Includes all 15 Arizona counties with current tax rates.
Arizona Average Property Tax: 0.51% (Maricopa County) — 4th lowest in the US!
$400K home with 20% down at 6.5% = ~$2,528/month (P&I + Tax + Insurance)
🏠 Loan Details
📊 Monthly Payment
Total Monthly Payment
Loan Amount: $320,000
Payment Breakdown
Loan Summary
🌵 Arizona Property Tax Rates by County
| County | Tax Rate | Annual Tax on $400K Home | Monthly Tax |
|---|---|---|---|
| Maricopa (Phoenix, Mesa, Scottsdale)Most Popular | 0.51% | $2,040 | $170 |
| Pima (Tucson) | 0.84% | $3,360 | $280 |
| Pinal (Casa Grande) | 0.67% | $2,680 | $223 |
| Yavapai (Prescott) | 0.58% | $2,320 | $193 |
| Coconino (Flagstaff) | 0.52% | $2,080 | $173 |
| Mohave (Lake Havasu City) | 0.48% | $1,920 | $160 |
| Yuma | 0.69% | $2,760 | $230 |
| Cochise (Sierra Vista) | 0.72% | $2,880 | $240 |
| Navajo | 0.57% | $2,280 | $190 |
| Apache | 1.65% | $6,600 | $550 |
| Gila (Payson) | 0.74% | $2,960 | $247 |
| Graham (Safford) | 0.68% | $2,720 | $227 |
| Santa Cruz (Nogales) | 0.79% | $3,160 | $263 |
| La Paz (Parker) | 0.56% | $2,240 | $187 |
| Greenlee (Clifton) | 0.46% | $1,840 | $153 |
Rates are approximate averages and may vary by specific location within each county.
🏠 Arizona Mortgage Guide
Arizona has become one of the fastest-growing states in the U.S., attracting homebuyers with its warm climate, growing job market, and relatively affordable housing compared to coastal states. Understanding Arizona's unique mortgage landscape can help you make informed decisions when purchasing a home.
Arizona Property Tax Advantages
One of Arizona's biggest advantages is its low property tax rates. The average effective property tax rate is approximately 0.51%, ranking as the 4th lowest in the nation. By law, the primary property tax rate for owner-occupied homes is capped at 1% of the Limited Property Value (LPV), and homeowners receive a rebate of up to $600 annually.
🌵 Arizona-Specific Benefits
- Property tax capped at 1% for owner-occupied homes
- LPV can only increase 5% annually by law
- Homeowner Rebate up to $600/year on school taxes
- Various down payment assistance programs available
First-Time Homebuyer Programs
Arizona offers several assistance programs for homebuyers. The HOME Plus program provides 30-year fixed-rate mortgages with down payment assistance up to 5%. The Arizona Is Homeprogram offers similar benefits in counties outside Maricopa and Pima. Maricopa County has the Home in Five program with competitive rates and assistance.
Current Market Conditions
Arizona's real estate market has seen significant growth, with Phoenix, Tucson, and Mesa being among the most active markets. While home prices have stabilized after rapid increases, inventory is increasing, giving buyers more options. The conforming loan limit in Arizona is $806,500 for 2024.
🌵 Arizona Quick Facts
Avg Property Tax: 0.51%
Median Home Price: $321,400
Loan Limit: $806,500
Homeownership: 69.7%
📈 Typical Rates
30-Year Fixed: ~6.5-7%
15-Year Fixed: ~5.5-6%
5/1 ARM: ~6-6.5%
*Rates vary by lender and credit score
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Frequently Asked Questions
Arizona has one of the lowest property tax rates in the United States, averaging around 0.51% to 0.56% of assessed home value. This is well below the national average of approximately 0.99%. However, rates vary significantly by county - Maricopa County (Phoenix area) has a rate of about 0.51%, while Pima County (Tucson) is higher at 0.84%, and Apache County has the highest at 1.65%.
For a $400,000 home in Arizona with 20% down ($80,000), a 30-year fixed mortgage at 6.5% interest, your estimated monthly payment would be approximately $2,528. This includes principal and interest ($2,023), property tax (~$170 in Maricopa County), and home insurance (~$125). If you put less than 20% down, you'd also pay PMI, adding $100-200 more per month.
Closing costs in Arizona typically range from 2% to 5% of the home's purchase price. For a $400,000 home, expect to pay between $8,000 and $20,000 in closing costs. These include loan origination fees, appraisal fees, title insurance, escrow fees, recording fees, and prepaid items like property taxes and homeowners insurance.
Yes, Arizona offers several assistance programs. The HOME Plus program provides 30-year fixed-rate mortgages with down payment assistance up to 5% of the loan amount. The Arizona Is Home program offers similar benefits but excludes Maricopa and Pima counties. Maricopa County has the Home in Five program, and Pima County offers up to 20% down payment assistance for qualifying buyers.
Private Mortgage Insurance (PMI) is required when your down payment is less than 20% of the home's purchase price. PMI typically costs between 0.5% and 1% of the loan amount annually. For a $320,000 loan, PMI might add $133-267 to your monthly payment. Once you reach 20% equity in your home, you can request to have PMI removed.
For conventional mortgages in Arizona, you typically need a minimum credit score of 620. FHA loans may accept scores as low as 580 with a 3.5% down payment, or 500-579 with 10% down. VA loans don't have a set minimum but most lenders require 620+. Higher credit scores (740+) will qualify you for the best interest rates.
Arizona property tax is calculated based on your home's Limited Property Value (LPV), which is 10% of the full cash value. The LPV can only increase by 5% per year by law. Tax rates include primary taxes (capped at 1% for owner-occupied homes) and secondary taxes for bonds and special districts. Owner-occupied homes also receive a Homeowner Rebate of up to $600.
🏠 Disclaimer: This calculator provides estimates for informational purposes only and should not be considered financial advice. Actual mortgage rates, property taxes, and insurance costs may vary. Consult with a licensed mortgage professional and tax advisor for accurate information specific to your situation. Property tax rates are approximate county averages.