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.
Mesa mortgage calculator
A median-priced Mesa, 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.
$3,085 a month, all in
Principal and interest are $2,539; escrow and PMI add the rest. Over the full term the loan costs $522,634 in interest. Discounted at 5%, buying here has a net present value of $66,191 ($344,343 in today’s dollars).
Within Arizona, Mesa is 6th 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.
A price-to-rent ratio of 19.2 puts Mesa in the middle of the range, where the rent-vs-buy answer is decided by how long you stay and what the deposit would otherwise earn.
Prices and rents here have moved together (indices of 1.00 and 1.02), so the rent-vs-buy verdict below is driven by your holding period and rate rather than by any local distortion.
Monthly cost in Mesa vs comparable rent
Owning is stacked by component; renting is the local median asking rent.
The monthly breakdown
| Median home price | $435,000 |
|---|---|
| Down payment (10%) | $43,500 |
| Loan amount | $391,500 |
| Principal & interest | $2,539/mo |
| Property tax (0.62%) | $225/mo |
| Homeowners insurance | $142/mo |
| PMI while above 80% LTV | $179/mo |
| Total monthly payment | $3,085/mo |
| Comparable rent | $1,887/mo |
What a rate move does to the Mesa payment
| Rate | Principal & interest |
|---|---|
| 5.5% | $2,223/mo |
| 6% | $2,347/mo |
| 6.5% | $2,475/mo |
| 7% | $2,605/mo |
| 7.5% | $2,737/mo |
| 8% | $2,873/mo |
Rent or buy in Mesa?
Against $1,887 a month in rent, over 7 years renting leaves you about $64,657 better off — $54,394 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 Mesa 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.