Scottsdale vs Phoenix: Mortgage Cost Comparison
Thinking about buying in Scottsdale or Phoenix? Here's a side-by-side comparison of mortgage costs in both cities.
$4,146
Scottsdale PITI
$2,432
Phoenix PITI
$1,714/mo
Difference
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? Monthly payment PITI with taxes & insurance included
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? Bi-weekly payment PITI if paid every other week
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Scottsdale vs Phoenix: Full Mortgage Comparison
Buying a home in Phoenix is $1,714/month cheaper based on average home prices and local costs.
| Scottsdale, AZ | Phoenix, AZ | |
|---|---|---|
| Avg. Home Price | $720,000 | $410,000 |
| Down Payment (20%) | $144,000 | $82,000 |
| Loan Amount | $576,000 | $328,000 |
| Property Tax Rate | 0.55% | 0.61% |
| Annual Property Tax | $3,960 | $2,501 |
| Annual Insurance | $2,100 | $1,800 |
| Monthly P&I | $3,641 | $2,073 |
| Monthly PITI | $4,146 | $2,432 |
| Total Interest (30yr) | $734,656 | $418,346 |
What Drives the Difference?
Home prices are the biggest factor — Scottsdale’s average home costs $310,000 more than Phoenix’s.
Property taxes also favor Scottsdale — Phoenix’s 0.61% rate is higher than Scottsdale’s 0.55%.
Insurance is $300/year more in Scottsdale.
Income Needed to Buy
Using the 28% rule (PITI under 28% of gross income):
| Scottsdale | Phoenix | |
|---|---|---|
| Monthly PITI | $4,146 | $2,432 |
| Income needed | $177,673 | $104,211 |
Try Your Own Numbers
The calculator above is pre-filled with Scottsdale’s averages. Adjust the values to match your situation, or try the Phoenix calculator for Phoenix-specific numbers.