Home / Scottsdale, AZ
Mortgage Calculator — Scottsdale, AZ
Median home price in Scottsdale: $650,000. Monthly payment: $3,460/month (20% down, 7%, 30yr). Property tax rate: 0.58%.
= $130,000
Monthly Payment
$3,460
Loan Amount
$520,000
Total Interest
$725,446
Total Cost
$1,375,446
Payment Breakdown
Down Payment$130,000 (9.5%)
Principal$520,000 (37.8%)
Total Interest$725,446 (52.7%)
Scottsdale Mortgage Payments by Rate
| Rate | 15-Year | 30-Year | Total Interest (30yr) |
|---|---|---|---|
| 5.5% | $4,249 | $2,953 | $542,901 |
| 6% | $4,388 | $3,118 | $602,359 |
| 6.5% | $4,530 | $3,287 | $663,231 |
| 6.75% | $4,602 | $3,373 | $694,176 |
| 7% | $4,674 | $3,460 | $725,446 |
| 7.25% | $4,747 | $3,547 | $757,034 |
| 7.5% | $4,820 | $3,636 | $788,930 |
| 8% | $4,969 | $3,816 | $853,607 |
Scottsdale Property Tax & Total Housing Cost
Property Tax Rate
0.58%
$3,770/year
Monthly P&I
$3,460
20% down, 7%, 30yr
Est. Total Monthly
$3,774
P&I + property tax
Affordability in Scottsdale
10% down ($65,000)$180,265/yr needed
15% down ($97,500)$170,998/yr needed
20% down ($130,000)$161,732/yr needed
25% down ($162,500)$152,465/yr needed
Based on 28% housing cost rule. Includes property tax.