Arizona · AZ

Arizona Mortgage Calculator

Pre-filled for Arizona: median home price $430,000, average property tax rate 0.62%. Adjust any slider to make it yours.

Arizona housing at a glance

Median home price: $430,000
Effective property tax rate: 0.62% / yr
Annual property tax (median home): $2,666
Est. monthly tax escrow: $222
State income tax: Yes

Sources: regional housing data 2025 (median price), state assessor averages 2024–2025 (tax rate).

Buying a home in Arizona

The median home price in Arizona is around $430,000 and the effective property tax rate averages 0.62%of assessed value per year. Most lenders look for a debt-to-income (DTI) ratio under 43%, meaning your total monthly debt payments (including this mortgage) shouldn't exceed 43% of your gross income.

A 20% down payment on the median home in Arizona is $86,000. Putting down at least 20% eliminates private mortgage insurance (PMI), which typically adds 0.3–1.5% of the loan amount per year to your monthly payment.

Transfer tax & closing costs in Arizona

Arizona has no state-level real estate transfer tax — only a flat $2 recording fee, among the lowest in the country.

Beyond transfer taxes, total closing costs in Arizonatypically range from 2–5% of the purchase price — including lender origination fees, title insurance, appraisal, and prepaid interest. On the median home that's roughly $8,600–$21,500.

Foreclosure & legal context

Foreclosure type: Non-judicial (trustee sale)
Security instrument: Deed of Trust
Deficiency liability: Non-recourse (purchase-money)

Arizona's anti-deficiency statute protects most owner-occupied homes on 2.5 acres or less — lenders typically cannot pursue a deficiency after foreclosure.

Arizona mortgage FAQ

What is the monthly mortgage payment for a median-priced home in Arizona?: At the current 30-year fixed rate of ~6.81%, a $430,000 home in Arizona with 20% down ($86,000) carries a principal-and-interest payment of ~$2,245/mo. Add property tax (~$222/mo at 0.62%) and homeowners insurance and your total is roughly $2,467/mo. Use the calculator above to adjust for your exact down payment and rate.
What is the property tax rate in Arizona?: The effective statewide property tax rate in Arizona averages 0.62% of assessed value per year. On a $430,000 home, that works out to roughly $2,666 per year ($222/mo). Individual county rates vary.
Does Arizona have a state income tax?: Yes, Arizona has a state income tax. This affects your net take-home pay and therefore your effective purchasing power — use our salary calculator to estimate what's left after tax.
What are the closing costs and transfer taxes in Arizona?: Arizona has no state-level real estate transfer tax — only a flat $2 recording fee, among the lowest in the country.
What type of foreclosure does Arizona use?: Arizona uses non-judicial (trustee sale) foreclosure, which typically moves faster than court-supervised processes. Arizona's anti-deficiency statute protects most owner-occupied homes on 2.5 acres or less — lenders typically cannot pursue a deficiency after foreclosure.

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