Not financial advice. Mortgage FV Calculator is a software calculator, not a personal-finance product or advisory service. It computes standard financial functions and displays the results for your convenience. Nothing here constitutes, or is intended to constitute, financial, investment, tax, legal, mortgage, credit, or insurance advice. Always consult a qualified professional before making any financial decision.
Arizona mortgage costs
What a typical Arizona (AZ) purchase actually costs each month once property tax, insurance and PMI are included — and how to model your own numbers.
| Median home price | $435,000 |
|---|---|
| 10% down payment | $43,500 |
| Loan amount | $391,500 |
| Principal & interest (30yr @ 6.75%) | $2,539/mo |
| Property tax (0.62%) | $225/mo |
| Homeowners insurance | $142/mo |
| PMI (until 20% equity) | $163/mo |
| Estimated total monthly | $3,069/mo |
Illustrative only, at a 6.75% sample rate with 10% down. Your rate, tax assessment and insurance premium will differ.
What makes Arizona different
Low carrying costs relative to price, which favours longer holds in rent-vs-buy comparisons.
A top state income tax rate of 2.5% makes mortgage interest and property tax deductions worth more here than in a no-income-tax state — though the $10,000 SALT cap limits how much of the $2,697 annual property tax bill actually reduces what you owe.
Property tax is the cheap part of owning here. At 0.62% the effective rate is the 12th lowest in the country, which on a median $435,000 home is only $225 a month — $2,697 a year that buyers in higher-rate states simply have to find.
At $435,000 to buy against $1,850 a month to rent, the price-to-rent ratio is 19.6 — the 15th highest in the country, close enough to the middle that the answer turns on your holding period and what a down payment would earn invested instead.
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