Weekly Progress Updates
Every week of construction you get a written update: what was finished, what is scheduled next, and any decision we need from you. You never have to call and ask how your home is coming along.
Construction loan estimate
Monthly payment on a $600,000 home in Scottsdale, AZ with 30% down
Building a $600,000 custom home in Scottsdale, Arizona with 30% down means a $420,000 construction-to-permanent loan, and about $196,275 in cash between the down payment and the interest paid while the house is being built.
All-in monthly after move-in$3,140$2,655 principal and interest, $185 taxes, $300 insurance
$3,140per month
- P&I$2,655
- Property tax$185
- Insurance$300
Loan amount$420,000After a $180,000 down payment
Cash to plan for$196,275Down payment plus construction-period interest
Interest during the build$16,275Payments start small and grow with each draw, reaching about $2,713/mo in the final month
| Total project value | $600,000 |
|---|---|
| Down payment | $180,000 (30%) |
| Construction-to-permanent loan | $420,000 |
| Interest during the build | $16,275 total over 12 months |
| Cash to plan for | $196,275 |
| Principal and interest | $2,655/mo |
| Property taxes | $185/mo ($2,220/yr) |
| Homeowners insurance | $300/mo ($3,600/yr) |
| All-in monthly after move-in | $3,140/mo |
What you pay while the house is being built
With a construction-to-permanent loan you apply once and close once. During the build the lender releases money to the builder in stages called draws, each tied to completed work, and you pay interest only on what has been drawn so far. On a $420,000 loan at 7.75% over 12 months that comes to about $16,275 in total, starting near $226 in the first month and reaching about $2,713 in the last. Some lenders bill those payments monthly; others set up an interest reserve so nothing comes out of pocket until the loan converts. When the home is finished the loan becomes a standard mortgage, usually without a second closing.
Payment timeline
Where these numbers come from
Property taxes use Scottsdale's average effective residential rate of 0.37% (Maricopa County), verified July 2026 (source). Insurance uses the Arizona average of about $600 per year per $100,000 of home value as of July 2026. The mortgage rate here is a fixed 6.5% assumption and the construction rate is 7.75%; both are editable in the calculator, which also loads the current 30-year fixed average. HOA dues are not included because they vary by community.
Arizona values property in the year before taxes are billed, and bills are paid in arrears in two installments (October 1 and March 1), so a newly built home's first tax bill is usually based on a valuation set before the house existed. Under ARS 42-15105, construction completed after the valuation snapshot is picked up later through a supplemental Notice of Value that the county assessor must issue by September 30 of the valuation year. As a result, the first bill or two often reflects the land only, and buyers should expect the bill to step up to the full home value within one to two years after closing.
Common questions
What is the monthly payment on a $600,000 home in Scottsdale, AZ with 30% down?
About $3,140 a month after move-in: $2,655 in principal and interest on a $420,000 loan at 6.5% over 30 years, $185 in property taxes at Scottsdale's 0.37% average effective rate, and $300 in homeowners insurance. HOA dues, if the community has them, are on top of that.
How much cash do you need to build a $600,000 home in Scottsdale?
About $196,275: a $180,000 down payment at 30%, plus roughly $16,275 in interest paid across a 12-month build. Closing costs are separate. During construction you pay interest only on the money drawn so far, so the payments start small and grow with each draw, reaching about $2,713 in the final month before the loan converts.
Estimates only, not a loan offer, quote, or preapproval. Jematell Homes is a home builder, not a lender or loan broker. Figures assume draws spread evenly across the build and exclude closing costs. Your lender's terms, your parcel's tax bill, and your insurance quote will differ.
The Most Transparent Builder You Will Work With
Most homeowners find out about a cost overrun after it has already happened. We work the other way around. Before you break ground you know how your home is priced, what your draw schedule looks like, and what every allowance covers, all in writing. Once we start, you hear from us every week until you have the keys.
Upfront Cost Estimates
On cost-plus builds you get an itemized cost estimate before we break ground, and we share the actual subcontractor bids with you, so you can see what every part of your home costs. For our in-house plans or simpler custom homes, we can quote a flat-rate build cost up front instead.
A Clear Draw Schedule
You get the full draw schedule at the start: which milestones release which funds, and when your lender is billed. Your financing stays predictable from foundation through final inspection.
Selection Allowance Breakdown
Every allowance is itemized before you choose a single finish. Flooring, cabinets, countertops, fixtures, etc. each carry their own number, so you always know what is budgeted and what an upgrade actually costs.
Compare other estimates
Other budgets in Scottsdale
A $600,000 home in other cities
Other down payments
Financing questions
- What is a construction-to-permanent loan in Arizona?
- What are construction loan requirements in Arizona?
- Do I pay interest during the construction phase?
- How much does it cost to build a custom home in Arizona?
- What is a builder allowance and what if you go over it?
- Cost-plus or fixed-price contract: which is better?
Terms to know
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