How much house can I afford in Arizona?

All-in cost first, always. Estimate only — not a loan quote or pre-approval.

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Arizona at a glance

Median home price
$448,407
Typical closing costs
2%–5% of price
Transfer tax
None
Closing custom
escrow
Homestead exemption
Arizona's homestead exemption under A.R.S. §33-1101 is NOT a property-tax reduction — it is a creditor/judgment-protection exemption that shields a set dollar amount of equity in a person's primary residence (a house, condo/co-op, mobile home, or similar dwelling) from attachment, execution, and forced sale by most creditors. The statutory base was raised to $400,000 effective January 1, 2022 (up from $150,000) and has since been indexed annually to the Consumer Price Index each January 1, rounded up to the nearest $100; multiple current legal sources (JacksonWhite Law, RJP Estate Planning, US Bankruptcy Help) put the 2026 protected amount at approximately $437,600. It is automatic — no filing/application is required to claim it, unlike some other states' homestead programs — but it does not reduce the annual property tax bill.

First-time buyer / down payment assistance programs

  • HOME Plus Home Buyer Down Payment Assistance Program

    The Arizona Department of Housing's statewide down payment and closing cost assistance program, administered through the Arizona Industrial Development Authority (AZIDA) and participating lenders. Provides up to 4% of the loan amount as a forgivable second mortgage (no monthly payment, forgiven after a set period) usable toward down payment, closing costs, or both, paired with a 30-year fixed-rate first mortgage (FHA, VA, USDA, or conventional). Available statewide in every county, city, and zip code, with no first-time-buyer requirement.

  • Home in 5 Advantage Program

    A down payment and closing cost assistance program for homes purchased in Maricopa County (including Phoenix), sponsored jointly by the Phoenix Industrial Development Authority and the Maricopa County Industrial Development Authority (public agencies, not a lender). Offers up to 5% assistance toward down payment/closing costs as a forgivable second loan paired with a 30-year fixed first mortgage; no first-time-buyer requirement.

Continue calculating

Mortgage payment calculator

Estimated all-in monthly payment for a home price you have in mind.

First-time buyer programs

Check which down payment assistance programs you likely qualify for.

Take-home pay calculator

What actually reaches your account after federal tax, FICA, and your state's own brackets — with local income tax disclosed rather than guessed at.

Related reading

Closing Costs in Arizona: What You'll Actually Pay

9 min read

Arizona's constitution bans real estate transfer taxes, so that line reads $0 — but closing on the $448,407 median home still runs $8,968 to $22,420.

What Is PMI, and How Do You Get Rid of It?

15 min read

Private mortgage insurance explained in plain English — what it costs, why it exists, the exact federal rules for cancelling it, and how to work out the month your PMI is scheduled to end.

Guides & templates

Buying a Home With Someone Else

$4.99

The operational guide to buying property with a partner, friend, sibling, or parent — credit and DTI mechanics, title vesting, a clause-by-clause co-ownership agreement, and how the exit actually works.

The First-Time Buyer's Playbook: 12 Months to Closing Day

$4.99

A month-by-month plan for the year before you buy: what to do in each phase, what never to touch, how to document every dollar, and how to survive closing day.