Arizona First-Time Homebuyer Calculator
First-time homebuyer costs in Arizona: $13,300 FHA down payment, $8,740 closing costs, 0.62% property tax. See total upfront costs & monthly payments.
How This Calculator Works
Calculation methodology and assumptions
First-time homebuyer cost breakdown for Arizona. Includes down payment, closing costs (2.3%), PMI (required below 20% down), property tax (0.62%), and homeowners insurance ($2,080/yr). DTI ratio should stay below 43% for conventional loans and 50% for FHA.
Key State Information
Arizona homebuyer facts: Median price $380,000 | 20% down = $76,000 | FHA 3.5% down = $13,300 | Closing costs ~$8,740 | Property tax 0.62% | No attorney required.
Frequently Asked Questions
How much do I need to buy a house in Arizona?
For Arizona's median home ($380,000): FHA minimum down payment is $13,300 (3.5%), plus $8,740 in closing costs. Total minimum: ~$22,040. With 20% down to avoid PMI: ~$84,740.
What are closing costs in Arizona?
Arizona closing costs average 2.3% of the home price, or about $8,740 on the median home. This includes title insurance, appraisal, origination fees, recording fees, and optional attorney fees. Transfer taxes are 0%.
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