Mortgage Calculator
Planning to buy a home in Phoenix, Arizona? Our comprehensive mortgage calculator helps you estimate monthly payments including principal, interest, taxes, and insurance. Whether you’re looking at homes in Scottsdale, Chandler, Tempe, or Mesa, get accurate payment calculations to budget confidently for your next home purchase.
Enter your loan amount, interest rate, and term to see what your payments could look like. Use this tool to compare different scenarios and make informed decisions about your next home purchase.
How to Use the Mortgage Calculator
Step 1:
Enter your home purchase price or loan amount
Step 2:
Input your down payment amount or percentage
Step 3:
Add the interest rate (current Phoenix rates average 7.2%)
Step 4:
Select your loan term (15 or 30 years most common)
Step 5:
Include property taxes, homeowners insurance, and PMI if applicable
Current Phoenix Mortgage Rates and Market Insights
Phoenix mortgage rates fluctuate based on market conditions, credit scores, and loan types. As of 2025, average rates for qualified buyers range from 6.5% to 7.5% for conventional 30-year fixed mortgages.
Factors affecting your rate:
- Credit score (740+ gets best rates)
- Down payment amount
- Loan-to-value ratio
- Debt-to-income ratio
- Employment history
Phoenix Area Home Buying Budget Guidelines
Use these guidelines alongside the mortgage calculator to determine your comfortable price range:
28/36 Rule: Keep housing costs under 28% of gross monthly income, total debt under 36%.
Down Payment Options:
- Conventional loans: 3-20% down
- FHA loans: 3.5% down minimum
- VA loans: 0% down for qualified veterans
- USDA loans: 0% down in eligible rural areas
Average Phoenix Home Prices by Area:
- Phoenix: $485,000
- Scottsdale: $750,000
- Chandler: $565,000
- Tempe: $525,000
- Mesa: $445,000
Bryan Staley
With over 30 years in Arizona real estate, Bryan Staley has guided buyers and sellers through every market cycle since 1992. Recognized among the top 1% of agents nationwide, he combines deep local knowledge of Gilbert neighborhoods with strong relationships built over decades with homebuilders, contractors, and fellow realtors. As an Associate Broker with CRS, GRI, and ABR designations—a distinction held by just 4% of realtors nationwide—Bryan’s approach is rooted in listening first, acting with integrity, and putting his clients’ best interests above all else.
Ready to get pre-approved?
Contact our Phoenix mortgage specialists today for personalized rates and loan options.
