Phoenix mortgage calculator
Phoenix has a relatively low effective property-tax rate and, until recently, comparatively affordable prices, making it a popular market for first-time and relocating buyers.
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Phoenix mortgage inputs
Enter your gross monthly income above to see an affordability read (based on the standard 28% front-end DTI guideline).
Loan amount: $320,000
Starts from Arizona's 0.48% average effective property-tax rate. Your rate in Maricopa County may differ — edit any field for your exact numbers.
Buying a home in Phoenix
Arizona's lower property-tax rate means the loan portion tends to dominate the monthly payment in Phoenix, so your interest rate and down payment are the biggest levers. As with anywhere in the desert Southwest, factor in cooling costs and home insurance when you budget beyond the mortgage itself.
As a worked example, a $400,000 home with 20% down and a 6.55% 30-year fixed rate works out to about $2,033 a month in principal and interest, plus roughly $160 for property tax at Arizona's 0.48% average — a core cost near $2,193 before insurance and any HOA. Enter Phoenix prices you're actually seeing to get your real figure.
See more Arizona mortgage details →
Frequently asked questions
How much is a monthly mortgage payment in Phoenix?
It depends on the home price, your rate, and your down payment. As an example, a $400,000 home with 20% down at 6.55% over 30 years is about $2,033 in principal and interest, plus roughly $160 a month for Arizona's 0.48% average property tax — before insurance and any HOA or maintenance charges.
Does this calculator include Phoenix property taxes?
Yes — it starts from Arizona's statewide average effective property-tax rate of 0.48%. Local rates in Maricopa County can differ, so check your county assessor and adjust the property-tax field for your exact number.
Does the calculator store my information?
No. Everything is calculated in your browser — no account, no email, no lead form, nothing saved or sent to a server.