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.
Gilbert mortgage calculator
A median-priced Gilbert, AZ home at 6.75% over 30 years, with Arizona property tax of 0.62% and $1,700 a year of homeowners insurance. Every figure below is computed on our amortising engine — nothing is estimated in the browser.
$3,674 a month, all in
Principal and interest are $3,047; escrow and PMI add the rest. Over the full term the loan costs $627,161 in interest. Discounted at 5%, buying here has a net present value of $48,082 ($367,944 in today’s dollars).
Within Arizona, Gilbert is 3rd of the 7 Arizona markets covered here, between Scottsdale at the top and Tucson at the bottom of a 2.33x spread. A state-level median hides most of that.
Gilbert carries a premium over the rest of Arizona: a median home here runs $522,000, about 20% above the state median of $435,000. The deposit moves with it, so the same 20% down is $104,400 rather than $87,000.
The price-to-rent ratio here is 20.4 ($522,000 to buy, $2,128 a month to rent), which is high. Renting and investing the deposit is a genuine alternative in Gilbert, not a fallback position.
Monthly cost in Gilbert vs comparable rent
Owning is stacked by component; renting is the local median asking rent.
The monthly breakdown
| Median home price | $522,000 |
|---|---|
| Down payment (10%) | $52,200 |
| Loan amount | $469,800 |
| Principal & interest | $3,047/mo |
| Property tax (0.62%) | $270/mo |
| Homeowners insurance | $142/mo |
| PMI while above 80% LTV | $215/mo |
| Total monthly payment | $3,674/mo |
| Comparable rent | $2,128/mo |
What a rate move does to the Gilbert payment
| Rate | Principal & interest |
|---|---|
| 5.5% | $2,667/mo |
| 6% | $2,817/mo |
| 6.5% | $2,969/mo |
| 7% | $3,126/mo |
| 7.5% | $3,285/mo |
| 8% | $3,447/mo |
Rent or buy in Gilbert?
Against $2,128 a month in rent, over 7 years renting leaves you about $90,305 better off — $75,971 once 2.5% inflation is stripped out. See the Arizona rent-vs-buy page.
Where these numbers come from
Arizona medians come from editorial and are refreshed weekly. The Gilbert figures index those state medians to the local market, so they track the same feed rather than going stale. Insurance and the state income tax rate are editorial. Treat everything here as a planning estimate, not a quote.