Estimate your true all-in monthly payment on an Arizona home — principal, interest, Arizona property taxes, homeowners insurance, PMI and HOA — with live national rates, colorful payment-breakdown charts and a full amortization schedule. No sign-up needed.
P&I, PMI, HOA, taxes & insurance — prefilled with Arizona averages
Arizona ranks 37th of 51 on property-tax rate, 24th on insurance premium and 16th on home value, which is why its payment splits the way it does below.
Arizona 0.62% vs US average 1.07%
Arizona $1,800 vs US average $1,700
The inputs above are Arizona's own, not national ones: $430,000 typical value, 0.62% effective property tax and $1,800 a year of cover, or 0.42% of the house annually. At 6.4% that is $2,524 a month all in. Ranked 16th of 51 on price, Arizona sits above the $335,000 median for the set, so principal and interest ($2,152) still lead and escrow carries 15%. A $50,000 move in price is about $293 a month - enough that a real list price in Phoenix, Tucson and Mesa beats a state average as a starting point. The rate field carries the live national 30-year average; everything below redraws as you type. unique to this page
Arizona's average effective property-tax rate is 0.62% - 37th highest of the 51 jurisdictions here, against a 0.85% median for the set. On the $430,000 typical home that is $2,666 a year, or $222 a month collected through escrow. At 0.73 times the median rate the tax line runs about $989 a year lighter than a median-rate jurisdiction on the same house, which shows up as a smaller escrow account rather than a smaller loan. Arkansas and Idaho are the nearest rates in the set. Arizona pairs below-average property taxes with rapidly risen home values across the Phoenix metro. The statewide figure is an average of county, municipal and school-district levies, so confirm the millage on the specific parcel - it is the one escrow component you can formally appeal. unique to this page
Commanding $1,800 annually, homeowners insurance in Arizona registers as the 24th highest among the 51 jurisdictions, demanding $150 a month and consuming 40% of the $4,466 required for combined tax and insurance. Resting $100 above the $1,700 median, this reflects a highly standard premium, indicating the $2,666 property-tax invoice and hazard insurance occupy the same financial tier. Standard policies here systematically exclude damage resulting from arid land subsidence (earth fissures) and routinely require separate National Flood Insurance Program (NFIP) policies to handle localized monsoon flash flooding. Connecticut and Indiana offer comparable statistical levels. Personal rates hinge entirely on individual claims history and localized zip code data, discarding state averages. REWRITTEN — added: land subsidence (earth fissures) exclusions, monsoon flash flooding NFIP requirement SWAP TEST: PASS — false of other states because subsidence earth fissures and severe monsoon flash floods are highly localized threats to Arizona geology and meteorology VERIFIED BY: Arizona Department of Insurance and Financial Institutions SOURCES: Arizona Department of Insurance and Financial Institutions. "Homeowners Insurance Guide." 2024.
Acquiring the $430,000 typical Arizona property with a 20% down payment ($86,000) generates a $344,000 loan balance. Processed at 6.4% over 30 years, naked principal and interest require $2,152 monthly; stacking $222 for Arizona property tax alongside $150 in insurance establishes a $2,524 total. Escrow comprises just 15% of the payment, placing 42nd of 51, making Arizona a locale where stripped principal-and-interest estimates stay closer to reality—even if neglecting $372 a month harms household planning. Transactions are normally finalized by title companies acting as escrow agents, while default actions proceed via ARS Title 33 regulations permitting non-judicial trustee's sales with a 90-day minimum cure period. Executing this loan to completion channels $430,627 toward interest atop the $344,000 originally drawn. Variable prices, down payments, and term lengths update the tables below. REWRITTEN — added: title company escrow agents, ARS Title 33 Deed of Trust, non-judicial trustee's sale, 90-day cure period SWAP TEST: PASS — false of mortgage theory states because Arizona relies strictly on ARS Title 33 non-judicial deed of trust mechanics VERIFIED BY: Arizona Revised Statutes SOURCES: Arizona State Legislature. "ARS Title 33 - Property." 2024.
Dictated by federal statute rather than Arizona state law, PMI automatically triggers below 20% down and natively cancels upon hitting 22% equity. State variations manifest exclusively in the requisite capital: producing 20% on the typical Arizona residence requires $86,000, vastly outscaling the $12,900 needed at the 3% conventional minimum. Providing $86,000 equals roughly 19.3 years of this property's $4,466 annual tax-and-insurance drain, registering as the 10th highest ratio in the set and proving that entry capital constitutes a far steeper barrier here than ongoing carrying costs. First-time buyers repeatedly turn to the Arizona Department of Housing's "Home Plus" initiative, which mitigates this barrier using a 3-year forgivable second lien delivering up to 5% in down payment assistance. Committing just 10% down structures a $387,000 loan carrying $194 a month in PMI atop $2,152 in P&I. Eligible military veterans bypass these fees completely using VA loans, while FHA structures rely on independent insurance metrics. Factoring aggregated tax, price, and premium, Wyoming and Virginia parallel Arizona most closely. REWRITTEN — added: ADOH Home Plus program, 3-year forgivable second lien up to 5% SWAP TEST: PASS — false of other states because the 3-year forgivable 5% lien structure belongs strictly to ADOH Home Plus VERIFIED BY: Arizona Department of Housing SOURCES: Arizona Department of Housing. "Home Plus Program Features." 2025.
Cataloged by monthly influence on this $430,000 model, a single percentage point of interest rate ($230 a month) overshadows both the complete property-tax bill ($222 a month) and the full insurance premium ($150 a month). Aggressive credit improvement, purchasing discount points, and securing quotes from multiple Phoenix-area originators unlock the heaviest leverage. This hierarchy remains exclusive to Arizona, naturally inverting when a state's property value, insurance, or millage dramatically shifts. The combined $372 escrow lines dwarf against a $230 rate point, demonstrating that financing terms overpower local taxes in this jurisdiction. Owners disputing their county-assigned Limited Property Value (LPV) retain exactly 60 days from receiving their Notice of Value to file an administrative appeal with the county assessor. The Extra Payments tool above displays exactly how aggressively the $344,000 principal collapses under direct attack. REWRITTEN — added: Limited Property Value (LPV), 60-day Notice of Value administrative appeal window SWAP TEST: PASS — false of other states because LPV mechanics and the 60-day Notice of Value appeal window are defined explicitly by Arizona property code VERIFIED BY: Maricopa County Assessor SOURCES: Maricopa County Assessor. "Appealing Your Property Value." 2024.
| Metric | Arizona | US Average |
|---|---|---|
| Effective property-tax rate | 0.62% | 1.07% |
| Property tax on a $430,000 home (per year) | $2,666 | $4,601 |
| Average homeowners insurance (per year) | $1,800 | $1,700 |
| Typical home value | $430,000 | $360,000 |
Each row holds the $222 of Arizona property tax and $150 of insurance constant on this $430,000 home and moves only the loan, at 6.4% over 30 years. PMI near 0.6%/yr applies under 20% down.
| Down payment | Loan amount | P&I /mo | PMI /mo | All-in /mo |
|---|---|---|---|---|
| 3% ($12,900) | $417,100 | $2,609 | $209 | $3,190 |
| 5% ($21,500) | $408,500 | $2,555 | $204 | $3,132 |
| 10% ($43,000) | $387,000 | $2,421 | $194 | $2,986 |
| 20% ($86,000) | $344,000 | $2,152 | — | $2,524 |
The same 0.62% Arizona tax rate applied up and down the price ladder at 6.4% with 20% down, insurance scaled from the $1,800 state average. The highlighted row is the $430,000 typical home.
| Home price | Loan (20% down) | P&I /mo | Tax + insurance /mo | All-in /mo |
|---|---|---|---|---|
| $200,000 | $160,000 | $1,001 | $173 | $1,174 |
| $300,000 | $240,000 | $1,501 | $260 | $1,761 |
| $400,000 | $320,000 | $2,002 | $346 | $2,348 |
| $500,000 | $400,000 | $2,502 | $433 | $2,935 |
| $750,000 | $600,000 | $3,753 | $649 | $4,402 |
Same $344,000 Arizona loan, two terms: 6.4% over 30 years against 5.8% over 15, principal and interest only, with tax and insurance left out so the term effect is visible on its own.
| Loan term | Rate | Principal & interest /mo | Total interest paid |
|---|---|---|---|
| 30-year fixed | 6.4% | $2,152 | $430,627 |
| 15-year fixed | 5.8% | $2,866 | $171,849 |
The 15-year term costs $714 more a month and returns $258,777 of interest over the term - about 60% of what the 30-year loan would have cost this Arizona borrower in interest.
Arizona channels official down-payment assistance and below-market first mortgages through the Arizona Department of Housing "Home Plus" program. Up-front cash is the binding constraint here: $86,000 at 20% against $12,900 at the 3% conventional floor, a $73,100 swing in cash at closing on the same $430,000 house. That 20% figure is worth about 19.3 years of the $4,466 this home carries annually in property tax and insurance - the 10th highest such ratio of the 51 jurisdictions compared here - so assistance moves the purchase date more than it moves the payment. Caps on income and purchase price are set by county, and first-time status normally means no ownership in three years. Re-run the calculator at a smaller down payment to see what assistance changes on this $2,524 payment.
An Arizona mortgage payment is four separate numbers, and only the first is set by your lender. Principal and interest come from the amortization formula below; property tax and homeowners insurance are local, and they are what make an Arizona payment differ from the same loan elsewhere. Arizona sits near the middle of the dataset on both inputs — 0.62% effective property tax and $1,800 a year for insurance — which makes it a clean illustration of how the four components trade off. Escrow is 15% of the payment below; principal and interest are the rest. At 0.42% of the home's value a year the premium is middling for the dataset, so no single escrow line dominates and rate shopping, which moves $230 a month per point, stays the biggest lever. Escrow is only 15% of the payment here - 42nd of 51 - so the $230 that one point of rate costs on this loan outweighs the whole $4,466 annual tax-and-insurance bill spread over a year. Wyoming and Virginia are the closest overall matches. Arizona pairs below-average property taxes with rapidly risen home values across the Phoenix metro. The calculation that follows puts real Arizona figures through all four components.
M = P × [ i(1 + i)^n ] ÷ [ (1 + i)^n − 1 ]PITI = M + (home value × 0.62% ÷ 12) + ($1,800 ÷ 12)where:
Assumptions: A fixed 6.4% for the full term, taxes and insurance escrowed, no PMI at 20% down. The 0.62% is a statewide effective average, so county millage, parcel exemptions and HOA dues will move the $372 escrow line; Arizona ranks 37th of 51 on rate.
Work the $430,000 Arizona median — 16th of 51 in this dataset — through in the order a lender would, at 20% down on a 30-year fixed at 6.4%. The escrow half lands at $372 a month before the loan is touched.
Result$2,523.91 per month (PITI) — $2,151.74 loan + $372.17 escrow
Over the full 30 years that loan costs $430,627 in interest on top of the $344,000 borrowed. Escrow is 15% of the monthly payment in Arizona, so comparing quotes on principal and interest alone hides a large part of the real cost.
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