Loading Arizona new homes...Loading Arizona new homes...Run a complete monthly payment estimate, compare an illustrative rate-as-low-as scenario to a market comparison rate, then use the Can I Afford This? tool to find a comfortable price range and current quick move-in homes worth reviewing. Examples are not lender quotes or guarantees.
Price, down payment, rate, taxes/insurance/HOA, and a clean market-rate comparison without making mobile users scroll forever.
A 7/6 ARM is an adjustable-rate mortgage where the initial rate is fixed for the first 7 years. After that first 7-year period, the rate can adjust every 6 months based on the loan terms, market index, margin, and adjustment caps.
Why it could be a good option: the starting rate can be lower than a fixed-rate example, which may lower the estimated monthly payment during the first 7 years. If the buyer does not expect this to be their forever home, or may refinance, move, or upgrade before year 7, it can be worth comparing.
ARM examples are not right for every buyer. Future payment can rise after the initial period. Verify APR, caps, index, margin, adjustment schedule, qualification rules, and current lender disclosures before relying on it.Principal + interest $2,328
Taxes .45% $169
Insurance $60/mo
HOA $125
Loan amount $434,240
Use this as a planning example only. Actual rate/APR, payment, points, fees, incentives, and eligibility must be verified through the lender and current builder program before anyone relies on it.
Builder credits can help, but they must be verified against the current home, lender, and contract terms.
Down payment$15,750
Estimated closing costs$11,250
Prepaids / reserves$2,250
Builder credit-Ask Tim
Estimated cash due$29,250
Freddie Mac PMMS 30-year fixed · US · As of 11/10/2022. Any rate shown as low as is an illustrative planning example only and must be verified with the lender for current rate/APR, points, fees, eligibility, and required disclosures.
Full-screen calculator-page view for estimated monthly difference, long-term interest difference, and buying power. Examples only; not a lender quote, lock, commitment, APR disclosure, or guarantee.
Compare the same example price against a market comparison scenario, an illustrative 4.99% FHA fixed-rate example, and a 3.875% 7/6 ARM rate-as-low-as example. Actual rate/APR, points, fees, adjustment terms, incentives, and eligibility must be verified through the lender.
$3,000/mo estimated
Same example home price, before any rate-as-low-as program that may or may not be available.Estimated difference $487/mo
$175,320 lifetime savings estimate · $29,220 in 5 years · $5,844/yearEstimated difference $714/mo
$257,040 lifetime savings estimate · $42,840 in 5 years · $8,568/yearApproximately $5,844 per year, $29,220 in five years, and $175,320 across a 30-year loan in this illustrative example.
Examples are illustrative only and are not lender quotes, locks, APR disclosures, commitments, or guarantees. Rates, APR, points, fees, incentives, taxes, insurance, HOA, mortgage insurance, qualification, eligible homes/programs, and availability vary. Verify current terms with Tim and the lender. Not a lender quote, Loan Estimate, lock, commitment to lend, APR disclosure, or guarantee. Rates shown as low as require borrower qualification, eligible home/program, seller/lender participation, underwriting approval, and final lender disclosures.
Use income, debt, down payment, credit-score estimate, and your personal comfort level to create a simple planning range. This is educational only, not a loan approval.
Buckeye · Remington • Buckeye · Westpark • Surprise · Rio Rancho Estates
Send the price, down payment, rate/program assumption, comfort payment, and community. The next step is simply to verify what is current and what may apply.