Amortization Calculator for Arizona (AZ) — Free Calculator

Mortgage Amortization in Arizona

Arizona homebuyers typically finance homes near the median value of $320,000. Phoenix metro saw among the largest gains in the US 2020-2022, up 50%+, followed by a 2023 correction. Values have stabilized around 2022 peaks.

Conforming Loan Limits in Arizona

The conforming loan limit in Arizona is $726,200. Most Arizona counties are at the standard conforming limit. Scottsdale and parts of Maricopa County approach this ceiling. Loans up to this amount qualify for conventional Fannie Mae/Freddie Mac financing, the most common amortized mortgage product.

Understanding Your Full Monthly Cost in Arizona

Amortization shows your principal and interest payment, but your true monthly housing cost includes:

Property taxes: Arizona's effective rate is 0.62% — roughly $165/month at the median home value
Homeowner's insurance: Typically $100–200/month in most Arizona markets
PMI: Required if your down payment is under 20%, usually 0.5–1% of the loan annually

Closing Costs at Purchase

Expect to pay around $2,600 in closing costs when buying in Arizona. Arizona imposes no mortgage recording tax. Title insurance and escrow fees are the primary closing cost components.

Data: Tax Foundation (2024), US Census Bureau ACS 2023, Zillow, ATTOM Data Solutions. Updated 2024–2025. Figures reflect state averages — consult a licensed professional for personalized advice.

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Frequently Asked Questions

What are typical home loan amounts in Arizona?

With a median home value of $320,000 in Arizona, most borrowers finance between $256,000 (20% down) and $304,000 (5% down). The conforming limit is $726,200.

How do property taxes affect my monthly payment in Arizona?

At Arizona's effective rate of 0.62%, a home at the median value generates roughly $165/month in property taxes, which lenders escrow alongside your P&I payment.

What is the conforming loan limit in Arizona?

The conforming loan limit in Arizona is $726,200. Most Arizona counties are at the standard conforming limit. Scottsdale and parts of Maricopa County approach this ceiling.

How much do I save by paying extra toward principal in Arizona?

On a typical Arizona mortgage around $288,000, adding even $100/month extra toward principal can cut 3-5 years off a 30-year loan and save tens of thousands in interest. Use the amortization calculator above to see the exact impact for your loan.