Mortgage on a $400K house in Arizona
$2,500 a month with 20% down — $2,153 principal and interest plus $148 property tax and $200 insurance.
Arizona's typical property tax is 0.44% of the home's value a year (U.S. average 0.9%), which adds $148 a month on a $400K home. The typical home in Arizona is worth $416,733, so $400K is 4% below the typical price.
$400K home in Arizona: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $80,000 | $320,000 | $2,153 | $0 | $348 | $2,500 | $107,200 |
| 10% down | $40,000 | $360,000 | $2,422 | $150 | $348 | $2,919 | $125,100 |
| 5% down | $20,000 | $380,000 | $2,556 | $158 | $348 | $3,062 | $131,200 |
| 3.5% down (FHA) | $14,000 | $392,755 | $2,642 | $177 | $348 | $3,167 | $135,700 |
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 $400K buy a typical home?
In these counties the typical home value is within 15% of $400K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Navajo County | $393,934 | 0.59% | $2,550 |
| Gila County | $385,173 | 0.51% | $2,524 |
| Pinal County | $359,830 | 0.47% | $2,509 |
| Mohave County | $349,812 | 0.44% | $2,500 |
| Maricopa County | $455,168 | 0.44% | $2,499 |
12 of 15 Arizona counties tracked by Zillow have a typical home value at or below $400K. See all Arizona home prices.
Other prices in Arizona
Frequently asked questions
What is the mortgage on a $400K house in Arizona?
About $2,500 a month with 20% down at 7.11%: $2,153 principal and interest, $148 property tax and $200 insurance.
How much do I need to make to buy a $400K house in Arizona?
About $107,200 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $400K house in Arizona?
At Arizona's typical effective rate of 0.44%, about $1,772 a year. Rates vary by county and city — see the county pages.