Tucson Mortgage Calculator:
Plan Your Monthly Budget

Before you start touring homes in Gladden Farms or Armory Park, it helps to have a clear picture of your monthly investment. Use our interactive tool below to estimate your payments based on different home prices, down payments, and interest rates.

Tan stucco two-story home with a tan garage door, set in a desert landscape.

Jill’s

Tip

Remember, this is just a starting point. Your final payment will also include property taxes and insurance (the "T" and "I" in PITI). For a customized Tucson-specific estimate, Just Ask Jill.

Understanding Your Payment:

The PITI Breakdown

Your monthly mortgage payment is usually made up of four main parts. We call this PITI:

  1. Principal: The part of your payment that actually pays down your loan balance.
  2. Interest: The fee the lender charges for borrowing the money.
  3. Taxes: Tucson property taxes vary by district. In historic areas like Blenman-Elm, these can be significantly lower if the home has a historic designation.
  4. Insurance: This includes your homeowner's insurance which protects your house in the case of a major event. Not all loan types have PMI even with less than 20% down so I usually let the lender handle this discussion rather than go into detail.

Three Ways to

Lower Your Monthly Payment

If the numbers look a little high, don't panic! There are several ways to bring that monthly cost down:

  • Look for Down Payment Assistance: Programs like PimaTucson Lighthouse can provide grants that act as a larger down payment, which lowers your total loan amount.
  • Improve Your Credit Score: Even a 20-point bump in your credit score can unlock a lower interest rate, saving you hundreds of dollars every month.
  • Consider a "Rate Buydown":  In 2026, many Tucson sellers are willing to contribute money towards a rate buy down. You can do a temporary buydown which lowers the rate for a few years or a permanent buy down which keeps your rate the same for the full length of the mortgage. Your lender will help you run those numbers to see which one makes the most sense for you

Don't Guess. Get the Facts.

Calculators are great for "what if" scenarios, but nothing beats a conversation with a local expert who knows the Tucson market inside and out.

Ready to see what you truly qualify for?