Get Pre-Approved Call (480) 803-7763

Menu

Home Programs Tools FAQ Meet Logan For Realtors Contact
Get Pre-Approved Call (480) 803-7763

Arizona • Southern California

Free Tool · No Email Required

Arizona Mortgage Calculator

Explore a monthly payment estimate with property taxes, homeowners insurance, mortgage insurance, and HOA. Adjust the starting assumptions for your situation; this is not a loan quote or approval.

Your numbers

Home price $500,000
Down payment 20% · $100,000
Interest rate 7.00%
Loan term 30-year fixed
Loan type Conventional
Property tax (annual %) 0.60%

Illustrative starting value. Enter the property’s annual tax as a percentage of its price.

Homeowners insurance (annual) $1,750
HOA (monthly) $0

Use the property’s actual monthly association dues, if any.

Estimated monthly payment

$3,057

Principal, interest, taxes, insurance · 30 yr

Principal & Interest $2,661
Property Taxes $250
Homeowners Insurance $146
Total monthly $3,057
Discuss this estimate with Logan Or call Logan: (480) 803-7763

Loan summary

Interest cost across the life of the loan.

Loan amount

$400,000

Total interest paid

$558,036

Total cost (P&I)

$958,036

Year Principal Interest Total Paid Remaining Balance

Compare scenarios

How down payment changes everything

Compare the same home, rate, and loan type with different down payments. These scenarios exclude closing costs and do not recommend a financing choice.

5% Down

$3,873

$25,000 down · Mortgage insurance included

20% Down

$3,057

$100,000 down · No monthly mortgage insurance in this model

25% Down

$2,891

$125,000 down · No monthly mortgage insurance in this model

How this calculator works

How the estimate is calculated.

Principal and interest use fixed-rate amortization: M = P[r(1+r)^n] / [(1+r)^n − 1]. P is the loan amount, r the monthly interest rate, and n the number of monthly payments. Taxes, insurance, and HOA are added separately.

Starting values are illustrative: a $500,000 home, 20% down, 7% interest over 30 years, property tax at 0.6% of price annually, $1,750 annual homeowners insurance, and no HOA. They are not current market averages or a lender offer. Mortgage-insurance assumptions vary by loan type and are explained below. Upfront program fees, closing costs, maintenance, and utilities are excluded. Compare the estimate with a lender’s Loan Estimate.

Frequently asked questions

The principal-and-interest calculation follows the loan amount, interest rate, and term you enter. Taxes, homeowners insurance, mortgage insurance, and HOA depend on the assumptions shown. Actual costs can differ materially. Use a lender’s Loan Estimate and property-specific tax and insurance information before making a financing decision.
PITI means principal, interest, taxes, and insurance. PITIA also includes association dues. This calculator totals those entered costs and any modeled mortgage insurance. Some costs may be paid separately rather than through an escrow account; the estimate is a combined monthly housing-cost model.
This model uses annual mortgage insurance of 0.8% of the loan for conventional scenarios below 20% down, 0.85% for FHA scenarios, and 0.9% for jumbo scenarios below 20% down. It adds none for VA scenarios. These are illustrative model assumptions, not current premiums or eligibility rules. Upfront mortgage-insurance premiums and funding fees are not included. Ask Logan for the applicable program costs.
Use a property-specific annual tax estimate from the local tax authority or your transaction documents. Divide that dollar amount by the home price and multiply by 100 to set the percentage. The initial 0.6% is a starting assumption, not a verified current statewide average.
The comparison cards show how down payment changes this model’s loan amount and monthly cost. Also consider closing costs, cash reserves, other debts, and your plans for the home. A lower modeled payment does not by itself establish the best financing choice.
Try several hypothetical rates to see how sensitive the payment is. The initial 7% is an illustrative input, not a current advertised rate or APR. A lender quote depends on the loan and borrower; use the quoted interest rate once available.
For a rough payment comparison, use the current home value as the price and adjust the down-payment percentage until the displayed loan amount matches the proposed refinance principal. For example, a $500,000 value with 20% entered produces a $400,000 loan. That percentage represents equity in this comparison, not the existing loan balance. Refinancing can change the principal through financed costs or cash out; this tool does not calculate refinance break-even.

Talk through the estimate with Logan.

Discuss the assumptions, available loan options, and what is needed for a lender quote.

Get Pre-Approved Call (480) 803-7763
Loan Programs First-Time Buyer Refinance DSCR / Investor How It Works Mortgage FAQ Mortgage Glossary Meet Logan
Call Get Pre-Approved