20-Year Refinance in Arizona 2026: Is the Middle Term Worth It at 7%?

Published on: 09/28/2026

A 20-year refinance on $400,000 costs about $372 more a month than a new 30-year and saves roughly $231,000 in interest. Here is the math for Scottsdale and Phoenix homeowners. Pillar Mortgage Group.

Arizona Mortgage and Home Selling Guides

Straight answers on buying, refinancing, and selling a home in Scottsdale, Phoenix, and across Arizona, from Blake Hermann, Director of Lending at Pillar Mortgage Group (NMLS #2271358).

Conventional loans
FHA loans
VA loans
Jumbo loans
DSCR loans
Bank statement loans
Get pre-approved
Rates and fees

Book a 15 minute call