Grand County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Grand County, CO Benchmarks

FHA averages

Typical Property Value$546,556

Average Down Payment9.3%

Average Interest Rate6.213%

Effective Tax Rate0.30%

Median Tax Paid$2,071/yr

Tax Growth (Historical)+14.0%

Based on 45 regional loans totaling $21,255,000 (HMDA database).

Home Price

Down Payment

$50,830 down · $495,726 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

$137 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$210 / month

Estimated Monthly Payment

$3,589/mo

Principal & Interest$3,093
Property Tax$137
Home Insurance$150
FHA MIP$210

Amortization · Remaining Balance

Financed Loan Amount

$504,402

Total Interest

$608,926

Total of Payments

$1,113,328

*Includes financed FHA Upfront MIP of $8,675

Local Market Insights

Grand County FHA Mortgage Overview

For Grand County homebuyers using an FHA loan, the average 9.27% down payment (against a $546,556 property) provides accessible entry, but note that the mandatory Mortgage Insurance Premium (MIP) applies for the loan’s life due to the 90.73% Loan-to-Value ratio. This structure suits those with sub-620 credit scores. The 0.30% effective property tax rate is low, yet the recent 14.0% inflation-adjusted tax shift will notably raise monthly affordability. When assessing a Grand County FHA loan down payment with PMI and taxes, remember the low tax rate partially offsets the permanent MIP cost, making this ideal for primary residences.

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.