Quick answer
The median home in Scottsdale costs $625K. With 20% down ($125K) at 7% for 30 years, the monthly payment is $3,327/month. Total interest paid over 30 years: $697,544.
Calculator · AZ · 2026
Mortgage Calculator for Scottsdale, AZ (2026)
Pre-filled with Scottsdale's median home price of $625K. Compare payments across down payment sizes and loan terms at the current 7.0% baseline rate.
Last updated: April 23, 2026
Scottsdale Mortgage Payment Scenarios
Median home price: $625K · Interest rate: 7% · Excludes property taxes and insurance.
| Down Payment | Down ($) | Loan Amount | 30-yr/mo | 15-yr/mo | Total Interest (30yr) |
|---|---|---|---|---|---|
| 5% | $31,250 | $593,750 | $3,950 | $5,337 | $828,334 |
| 10% | $62,500 | $562,500 | $3,742 | $5,056 | $784,738 |
| 20% | $125,000 | $500,000 | $3,327 | $4,494 | $697,544 |
PMI required for <20% down — add ~$100–300/month to payments above.
Rent vs Buy in Scottsdale
Monthly cost comparison based on median prices — 20% down, 30-year mortgage at 7%.
Buying (median home)
+ builds equity in $625K asset
Renting (2-bedroom)
Flexibility to move; no equity built
Amortization Over Time
$625K home · 20% down ($500K loan) · 7% · 30 years
Year 1
Year 15
Year 30 (Final)
Frequently Asked Questions
What is the monthly mortgage payment for a home in Scottsdale?
The median home price in Scottsdale is $625K. With 20% down and a 30-year loan at 7%, the monthly payment is $3,327. Adding estimated property taxes and insurance brings total monthly costs to approximately $3,952.
Is it cheaper to rent or buy in Scottsdale?
A 2-bedroom rental in Scottsdale averages $2,050/month. Buying the median $625K home with 20% down costs approximately $3,952/month (mortgage + taxes + insurance) — $1,902 more than renting. However, buying builds equity while renting does not.
How much do I need to earn to buy a home in Scottsdale?
Using the 28% housing rule, you need at least $143K–169K in annual gross income to comfortably afford the median $625K home in Scottsdale with 20% down. You also need $125K+ saved for the down payment plus 2–5% in closing costs.
What are property taxes like in Scottsdale?
AZ has a state income tax rate of 2.5%. Property taxes vary by county but on a $625K home, expect $521–$1,042/month in property taxes (1–2% annual rate). This is in addition to your mortgage payment.