Alamosa County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Alamosa County, Colorado based on real HMDA transaction records.

Loan Details

US County (Smart Autofill)

Loan Type

Alamosa County, CO Benchmarks

FHA averages

Typical Property Value$330,397

Average Down Payment12.0%

Average Interest Rate6.336%

Effective Tax Rate0.45%

Median Tax Paid$1,024/yr

Tax Growth (Historical)+2.6%

Based on 63 regional loans totaling $17,555,000 (HMDA database).

Home Price

Down Payment

$39,648 down · $290,749 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$124 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$123 / month

Estimated Monthly Payment

$2,236/mo

Principal & Interest$1,839
Property Tax$124
Home Insurance$150
FHA MIP$123

Amortization · Remaining Balance

Financed Loan Amount

$295,837

Total Interest

$366,157

Total of Payments

$661,995

*Includes financed FHA Upfront MIP of $5,088

Local Market Insights

Alamosa County FHA Mortgage Overview

In Alamosa County, the typical FHA buyer puts 11.99% down on a $330,397 home, far exceeding the 3.5% minimum. This equity stake lowers risk, yet mandatory Mortgage Insurance Premiums (MIP) persist for the loan’s life due to the 88.01% Loan-to-Value ratio. This structure suits buyers with sub-620 credit seeking accessible entry. The 0.45% effective tax rate remains low, but a 2.6% inflation-adjusted tax shift adds modest monthly cost. For accurate budgeting with an Alamosa County FHA loan with PMI and taxes, factor in these fixed MIP payments alongside the property tax trend.

Disclaimer: This calculator provides estimates for educational purposes only and does not constitute a loan offer or financial advice. Actual rates, taxes, insurance, and fees will vary.