Down Payment Calculator for Arizona

Down Payment Planning in Arizona

With a median home value of $320,000 in Arizona, here's what different down payment tiers look like:

• 3% (First-time buyer programs): $9,600
• 3.5% (FHA minimum): $11,200
• 10% (Avoid PMI with some lenders): $32,000
• 20% (Eliminate PMI entirely): $64,000

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. If your loan exceeds this, you'll need jumbo financing, which typically requires a 20%+ down payment.

Closing Costs to Plan For

Beyond your down payment, budget for closing costs of around $2,600 in Arizona. Arizona imposes no mortgage recording tax. Title insurance and escrow fees are the primary closing cost components.

Property Tax Impact

Arizona's effective property tax rate is 0.62% (average annual bill: $1,648). A larger down payment reduces your monthly mortgage but property taxes remain constant regardless of how much you put down.

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