How your housing costs change when you relocate. Based on 2026 data with 10% down, 6.5% rate, 30-year fixed.
Your housing costs will decrease by approximately $965 per month ($11,580/year) when you move from Colorado to Arizona.
If you sell your median-priced Colorado home ($520K) and buy in Arizona ($380K):
Your Colorado equity covers the 20% down payment on a median Arizona home with $80K left over. That surplus can cover closing costs, moving expenses, or go into savings.
Over 10 years, this move saves you approximately $116K in housing costs alone.
Your dollar stretches further in Arizona. The median home costs 27% less than in Colorado, which translates to a $140K difference in purchase price. This means a smaller loan, a lower monthly payment, and less total interest paid over the life of your mortgage.
You'll save on insurance moving to Arizona: $2,100/year versus $3,200/year in Colorado. That's $1,100 less per year in premiums, putting $92 back in your monthly budget.
When you buy in Arizona, expect about $6K in closing costs (1.6% of purchase price). Arizona has no transfer tax, which helps keep your upfront costs lower. Budget for this amount on top of your down payment.
Arizona's Home Plus AZ offers Up to 5% DPA grant. If you haven't owned a home in three years (or are buying in Arizona for the first time), you may qualify. Check eligibility requirements and income limits on Arizona's housing finance agency website.