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Huerfano County FHA Loan Calculator

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

Loan Details

Huerfano County, CO Benchmarks

FHA averages
Typical Property Value$285,968
Average Down Payment8.2%
Average Interest Rate6.370%
Effective Tax Rate0.31%
Median Tax Paid$699/yr
Tax Growth (Historical)-4.1%
Based on 31 regional loans totaling $7,905,000 (HMDA database).
$
%

$23,449 down · $262,519 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$74 / month

$

Annual premium

$

Per month

%

$111 / month

Estimated Monthly Payment

$2,001/mo

  • Principal & Interest$1,666
  • Property Tax$74
  • Home Insurance$150
  • FHA MIP$111
Amortization · Remaining Balance

Financed Loan Amount

$267,113

Total Interest

$332,490

Total of Payments

$599,602

*Includes financed FHA Upfront MIP of $4,594

Local Market Insights

Huerfano County FHA Mortgage Overview

In Huerfano County, the typical FHA buyer secures a home with a 8.23% down payment on a $285,967 property. This low entry point, combined with a 91.77% loan-to-value ratio, makes it accessible, but the mandatory Mortgage Insurance Premium (MIP) is required for the life of the loan—a key factor for those evaluating an FHA loan with PMI and taxes in Huerfano County, CO. The effective property tax rate of 0.31% is remarkably low, and the recent -4.1% inflation-adjusted tax decline further reduces monthly costs. For buyers using an FHA loan down payment in Huerfano County, Colorado, the 6.37% interest rate and minimal tax burden enhance affordability, though MIP remains a permanent fixture. This data reflects 100% primary residences, not investments.

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.