Mortgage Calculator
Estimate your monthly mortgage payment with taxes, insurance, and HOA included
Mortgage Calculator
Estimated Monthly Payment
$2,573
$80,000 down · $320,000 loan
Get Pre-Approved
Ready to take the next step? Connect with a local lender to get pre-approved and know exactly how much you can afford.
Quick Tips
20% Down Payment
Putting 20% down eliminates private mortgage insurance (PMI), saving you $100–$300/month on a typical home.
15 vs 30 Year Term
A 15-year mortgage has higher payments but saves tens of thousands in total interest compared to a 30-year.
Arizona Property Tax
Arizona's average effective property tax rate is about 0.62%, well below the national average of 1.1%.
Rate Shopping
Even a 0.25% difference in interest rate can save over $15,000 on a $400k loan over 30 years. Always compare lenders.
Understanding Your Mortgage Payment
Principal & Interest
The largest portion of your payment. Principal reduces your loan balance while interest is the cost of borrowing. Early in your loan, most of the payment goes to interest.
Property Taxes
Paid annually but usually escrowed into your monthly payment. Arizona has some of the lowest property taxes in the country, averaging around 0.62% of assessed value.
Homeowner's Insurance
Required by lenders to protect your investment. Covers damage from fire, storms, theft, and liability. Arizona averages about $1,500–$2,000/year for a typical home.
HOA Fees
Common in planned communities and condos. HOA fees cover shared amenities, landscaping, and community maintenance. In Phoenix metro, HOA fees typically range from $50–$400/month.