Mortgage on a $300K house in Arizona
$1,875 a month with 20% down — $1,614 principal and interest plus $111 property tax and $150 insurance.
Arizona's typical property tax is 0.44% of the home's value a year (U.S. average 0.9%), which adds $111 a month on a $300K home. The typical home in Arizona is worth $416,733, so $300K is 28% below the typical price.
$300K home in Arizona: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $60,000 | $240,000 | $1,614 | $0 | $261 | $1,875 | $80,400 |
| 10% down | $30,000 | $270,000 | $1,816 | $113 | $261 | $2,190 | $93,800 |
| 5% down | $15,000 | $285,000 | $1,917 | $119 | $261 | $2,297 | $98,400 |
| 3.5% down (FHA) | $10,500 | $294,566 | $1,982 | $133 | $261 | $2,375 | $101,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.44% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Where in Arizona does $300K buy a typical home?
In these counties the typical home value is within 15% of $300K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Graham County | $303,340 | 0.48% | $1,884 |
| Apache County | $319,753 | 0.9% | $1,989 |
| Yuma County | $276,759 | 0.61% | $1,918 |
| Santa Cruz County | $273,922 | 0.61% | $1,916 |
| Pima County | $335,772 | 0.71% | $1,942 |
| La Paz County | $261,246 | 0.64% | $1,925 |
| Cochise County | $260,551 | 0.6% | $1,915 |
5 of 15 Arizona counties tracked by Zillow have a typical home value at or below $300K. See all Arizona home prices.
Other prices in Arizona
Frequently asked questions
What is the mortgage on a $300K house in Arizona?
About $1,875 a month with 20% down at 7.11%: $1,614 principal and interest, $111 property tax and $150 insurance.
How much do I need to make to buy a $300K house in Arizona?
About $80,400 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $300K house in Arizona?
At Arizona's typical effective rate of 0.44%, about $1,329 a year. Rates vary by county and city — see the county pages.