Mortgage Calculator for Scottsdale, Cave Creek and Anthem

How to read your estimate

The total adds four costs. Principal and interest repay the loan itself. Property tax and homeowners insurance are yearly bills, split here into twelve payments. HOA dues are monthly and set by the community.

Lenders often collect taxes and insurance with the loan payment and pay those bills for you. That is why a lender's monthly figure usually looks higher than the loan payment alone.

Why HOA dues and insurance matter here

In guard-gated golf communities, HOA dues can add hundreds of dollars a month or more, and some clubs charge membership on top. Insurance in Arizona has climbed quickly in recent years, and a quote for the specific home is the only reliable number. Leave either box empty and the estimate simply leaves that cost out.

Arizona property tax works differently

Arizona taxes a home on the county's limited value, not the price you pay. The bill does not reset when a home sells, so the previous owner's bill is a better guide than a percentage of the price. The Maricopa County Assessor lists the value and the Treasurer lists the current bill for any address.

Larger loans

Loans above the conforming limit, often called jumbo loans, can carry different rates and down payment rules. If your loan amount is large, ask your lender how it changes the rate before you rely on this estimate.

This is an estimate for planning only. It is not a loan offer, rate quote, or lending advice. Talk with a licensed lender before you make a decision. Questions about a specific home? Send me a note.