| Metric | Denver, CO | Phoenix, AZ |
|---|---|---|
| Median Home Price | $560,000 | $450,000 |
| 20% Down Payment | $112,000 | $90,000 |
| Loan Amount | $448,000 | $360,000 |
| P&I (6.7%, 30yr) | $2,890/mo | $2,323/mo |
| Property Tax | 0.55%/yr | 0.62%/yr |
| Total PITI Est. | $3,379/mo | $2,742/mo |
| Income Needed (36% DTI) | $112,633/yr | $91,400/yr |
| 10-Year Total Cost | $405,480 | $329,040 |
Choosing Phoenix, AZ over the alternative saves $637/month — or $7,644/year in housing costs. Over 10 years, that's $76,440 in your pocket instead of your mortgage.
But monthly payment isn't everything. Consider: job market, salary levels, appreciation potential, cost of living beyond housing, and lifestyle fit. A cheaper mortgage in a lower-income city may not actually save money if your salary drops too.
Ask Zai with your income and down payment — get a personalized city recommendation.
🏦 Ask Zai Free → 🔔 Set Affordability Alert 🎲 Geographic LotteryNot financial advice. Data estimated from public sources. Rates at 6.7%, 20% down, 30-year fixed. Actual costs vary.