Mortgage · AZ · 2026
Average Mortgage Payment in Phoenix, AZ — 2026
The average mortgage payment in Phoenix is $3,132/month in 2026 (PITI, 7.1% rate, 10% down on the median home). See what you need to earn to qualify and compare lenders.
Average Monthly Payment
The average monthly mortgage payment (PITI) in Phoenix, AZ is $3,132/month in 2026 — based on the local median home price at a 7.1% 30-year fixed rate with 10% down, including property taxes and homeowners insurance. To qualify at the 28% front-end DTI rule, buyers need approximately $134,229/year in gross income. Use the affordability calculator for your specific scenario.
Average Mortgage Payment in Phoenix, AZ (2026) — Data Breakdown
| Item | Amount |
|---|---|
| Monthly PITI (est.) | $3,132/mo |
| Rate assumption | 7.1% 30-yr fixed (Freddie Mac PMMS May 2026) |
| Down payment | 10% |
| Min. income needed (28% DTI) | $134,229/yr |
| Annual housing cost | $37,584/yr |
| Includes | P&I, property tax, insurance, PMI |
Methodology: Based on NAR Q1 2026 median home price for Phoenix metro, Freddie Mac PMMS rate of 7.1%, Tax Foundation state property tax rate, and NAIC insurance data.