CALCMONEY // MORTGAGE // AZ // TEMPE
Calculate your monthly mortgage payment using Tempe-specific property tax rates and local market data.
$460,000
6.9%
0.67%
108
| Principal & Interest | $2,424 |
| Property Tax | $257 |
| Homeowners Insurance (est.) | $153 |
| Total Monthly Payment (PITI) | $2,834 |
$92,000
$504,513
$121,449/yr
The median home price in Tempe is $460,000, above the national median of $420,000. With a median household income of $68,000, the price-to-income ratio is 6.8x — meaning buyers typically spend 6.8 years of gross income on the purchase price.
Property taxes in Tempe run 0.67% of assessed value. On the median home, that is $3,082 per year, or $257 per month added to your mortgage payment. This is well below the national average of 1.1%, giving Tempe homeowners a meaningful property tax advantage.
Arizona has a state income tax. Factor your take-home pay into how much mortgage you can comfortably carry each month.
The cost of living index in Tempe is 108 (national average = 100). Day-to-day expenses beyond housing are close to the national average.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $368,000 loan saves $16,560 in interest over 30 years.
Compare Top Tempe Mortgage Lenders