Arizona Mortgage Calculator 2026

Calculate your monthly mortgage payment for a home in Arizona (AZ). The median home price in Arizona is $425,000, with an effective property tax rate of 0.52% (ranked #46 nationally). Use our free calculator to compare FHA, VA, USDA, and conventional loan options with real Arizona data.

Arizona Property Tax Information

Arizona has an effective property tax rate of 0.52%, ranking #46 among all 50 states. The median annual property tax is $1,858 ($155/month). Source: Tax Foundation 2025.

Arizona Loan Limits 2026

FHA loan limit in Arizona: $524,225 (floor) to $524,225 (ceiling for high-cost areas). Conforming loan limit: $806,500 (baseline) to $806,500 (ceiling).

Estimated Monthly Payment in Arizona

For a median-priced home of $425,000 with 20% down ($85,000), at 6.5% interest over 30 years: estimated monthly principal and interest is $2,149, plus $155 in property taxes and approximately $125 in homeowner's insurance, for a total estimated payment of approximately $2,429/month.

Arizona Closing Costs

Average closing costs in Arizona are $3,574 (0.76% of purchase price), ranked #25 nationally. Arizona does not charge a transfer tax. Source: Bankrate/LodeStar 2025.

Arizona Housing Market 2026

Home prices in Arizona have increased 1.8% year-over-year. Average days on market: 38. Inventory level: low. Currently considered a seller's market.

Down Payment Assistance Programs in Arizona

Arizona offers 2 down payment assistance programs through Arizona Department of Housing (ADOH):

  • Pathway to Purchase (grant): Available in 17 designated cities. Requires 640+ credit score. For down payment or closing costs. - Up to Up to 10% of loan amount ($20,000 max)
  • HOME Plus (forgivable loan): Forgivable after 3 years of on-time payments. First-time buyers and repeat buyers eligible. - Up to Up to 5% of loan amount

Contact ADOH: https://housing.az.gov | Phone: 602-771-1000

Did You Know About Arizona?

  • Arizona has no transfer tax on real estate transactions
  • Phoenix metro is one of the fastest-growing housing markets
  • Property tax assessed at 10% of market value for owner-occupied homes
  • Strong population growth driving continued housing demand

Frequently Asked Questions About Buying a Home in Arizona

What is the average property tax rate in Arizona?

The effective property tax rate in Arizona is 0.52%, with a median annual tax of $1,858. This ranks #46 among all states.

What are the FHA loan limits in Arizona for 2026?

The FHA loan floor in Arizona is $524,225 and the ceiling is $524,225 for high-cost areas. The conforming loan limit baseline is $806,500.

How much are closing costs in Arizona?

Average closing costs in Arizona are $3,574, which is approximately 0.76% of the purchase price.

Are there first-time homebuyer programs in Arizona?

Yes, Arizona offers 2 down payment assistance programs through Arizona Department of Housing, including grants, forgivable loans, and second mortgages.

Is Arizona a good place to buy a home in 2026?

With a median home price of $425,000 and low inventory, Arizona is currently a seller's market. Home prices have increased 1.8% over the past year.

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Data last updated: 2025-11. This information is for educational purposes only and should not be considered financial advice.