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85040 Mortgage Calculator

Estimate your true cost of homeownership in ZIP Code 85040 with localized property taxes, insurance, and utility data.

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Est. Total Monthly Cost
$2,309
P&I Payment$1,977
Taxes & Ins$175
Utilities$157
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Mortgage Details

$374,473
Local Median: $374,473
$74,895 (20%)
%

Used with your down payment to fetch a live, scenario-specific rate.

Local Area Costs

Monthly$2,309

Monthly Breakdown

Principal & Interest
$1,977
Property Taxes
$97
Homeowners Ins.
$78
Utilities
$157

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$412,081

Local Housing Facts for ZIP Code 85040

  • ·Median home value: $374,473 (adjusted for current market conditions)
  • ·Est. property taxes: $1,169/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $932/yr — based on local per-$1K premium rates
  • ·Energy utilities: $1,887/yr — sourced from DOE LEAD survey data
  • ·Flood insurance: optional — toggled off by default, estimate based on FEMA risk profile

Frequently Asked Questions

How much are property taxes in PHOENIX?

Based on the local median home value, estimated real estate property taxes in PHOENIX are around $1,169 per year.

What is the average home price in PHOENIX?

The median home value in PHOENIX is currently estimated at $374,473.

How much does homeowners insurance cost in PHOENIX?

For a median priced home, homeowners insurance in PHOENIX averages around $932 annually.

What is the true total cost of owning a home in PHOENIX?

True homeownership costs go beyond principal and interest. In PHOENIX, a typical homeowner with a median-priced home of $374,473 can expect to pay roughly $1,169/yr in property taxes, $932/yr for homeowners insurance, and $1,887/yr in energy utilities. That adds approximately $332 per month in ongoing costs on top of your mortgage payment. Use our calculator above to model your exact all-in monthly cost.