Mortgage on a $350K house in Arizona
$2,188 a month with 20% down — $1,884 principal and interest plus $129 property tax and $175 insurance.
Arizona's typical property tax is 0.44% of the home's value a year (U.S. average 0.9%), which adds $129 a month on a $350K home. The typical home in Arizona is worth $416,733, so $350K is 16% below the typical price.
$350K home in Arizona: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $70,000 | $280,000 | $1,884 | $0 | $304 | $2,188 | $93,800 |
| 10% down | $35,000 | $315,000 | $2,119 | $131 | $304 | $2,554 | $109,500 |
| 5% down | $17,500 | $332,500 | $2,237 | $139 | $304 | $2,679 | $114,800 |
| 3.5% down (FHA) | $12,250 | $343,661 | $2,312 | $155 | $304 | $2,771 | $118,700 |
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 $350K buy a typical home?
In these counties the typical home value is within 15% of $350K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Mohave County | $349,812 | 0.44% | $2,187 |
| Pinal County | $359,830 | 0.47% | $2,195 |
| Pima County | $335,772 | 0.71% | $2,266 |
| Apache County | $319,753 | 0.9% | $2,320 |
| Gila County | $385,173 | 0.51% | $2,209 |
| Navajo County | $393,934 | 0.59% | $2,232 |
| Graham County | $303,340 | 0.48% | $2,198 |
9 of 15 Arizona counties tracked by Zillow have a typical home value at or below $350K. See all Arizona home prices.
Other prices in Arizona
Frequently asked questions
What is the mortgage on a $350K house in Arizona?
About $2,188 a month with 20% down at 7.11%: $1,884 principal and interest, $129 property tax and $175 insurance.
How much do I need to make to buy a $350K house in Arizona?
About $93,800 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $350K house in Arizona?
At Arizona's typical effective rate of 0.44%, about $1,550 a year. Rates vary by county and city — see the county pages.