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Gilpin County FHA Loan Calculator

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

Loan Details

Gilpin County, CO Benchmarks

FHA averages
Typical Property Value$594,412
Average Down Payment19.6%
Average Interest Rate6.325%
Effective Tax Rate0.37%
Median Tax Paid$1,310/yr
Tax Growth (Historical)+8.0%
Based on 17 regional loans totaling $7,635,000 (HMDA database).
$
%

$116,505 down · $477,907 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$183 / month

$

Annual premium

$

Per month

%

$203 / month

Estimated Monthly Payment

$3,555/mo

  • Principal & Interest$3,019
  • Property Tax$183
  • Home Insurance$150
  • FHA MIP$203
Amortization · Remaining Balance

Financed Loan Amount

$486,271

Total Interest

$600,713

Total of Payments

$1,086,983

*Includes financed FHA Upfront MIP of $8,363

Local Market Insights

Gilpin County FHA Mortgage Overview

In Gilpin County, FHA buyers benefit from a manageable 19.63% down payment, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life, regardless of equity. With an 80.37% loan-to-value ratio and 100% owner-occupancy, this data reflects standard primary residences. The effective property tax rate of 0.37% is low, but an 8.0% inflation-adjusted tax increase will modestly raise monthly costs. When evaluating an FHA loan with PMI and taxes in Gilpin County, CO, the low tax rate offsets rising interest at 6.325%, keeping affordability stable for buyers with sub-620 credit.

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.