Mortgage on a $450K house in Arizona
$2,813 a month with 20% down — $2,422 principal and interest plus $166 property tax and $225 insurance.
Arizona's typical property tax is 0.44% of the home's value a year (U.S. average 0.9%), which adds $166 a month on a $450K home. The typical home in Arizona is worth $416,733, so $450K is 8% above the typical price.
$450K home in Arizona: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $90,000 | $360,000 | $2,422 | $0 | $391 | $2,813 | $120,600 |
| 10% down | $45,000 | $405,000 | $2,724 | $169 | $391 | $3,284 | $140,800 |
| 5% down | $22,500 | $427,500 | $2,876 | $178 | $391 | $3,445 | $147,600 |
| 3.5% down (FHA) | $15,750 | $441,849 | $2,972 | $199 | $391 | $3,562 | $152,700 |
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 $450K buy a typical home?
In these counties the typical home value is within 15% of $450K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Maricopa County | $455,168 | 0.44% | $2,811 |
| Yavapai County | $496,923 | 0.41% | $2,801 |
| Navajo County | $393,934 | 0.59% | $2,869 |
| Gila County | $385,173 | 0.51% | $2,840 |
12 of 15 Arizona counties tracked by Zillow have a typical home value at or below $450K. See all Arizona home prices.
Other prices in Arizona
Frequently asked questions
What is the mortgage on a $450K house in Arizona?
About $2,813 a month with 20% down at 7.11%: $2,422 principal and interest, $166 property tax and $225 insurance.
How much do I need to make to buy a $450K house in Arizona?
About $120,600 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $450K house in Arizona?
At Arizona's typical effective rate of 0.44%, about $1,993 a year. Rates vary by county and city — see the county pages.