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Pitkin County FHA Loan Calculator

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

Loan Details

Pitkin County, CO Benchmarks

FHA averages
Typical Property Value$1,355,000
Average Down Payment46.3%
Average Interest Rate6.225%
Effective Tax Rate0.34%
Median Tax Paid$4,074/yr
Tax Growth (Historical)-11.2%
Based on 6 regional loans totaling $3,090,000 (HMDA database).
$
%

$627,365 down · $727,635 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$384 / month

$

Annual premium

$

Per month

%

Not required at 20%+ down

Estimated Monthly Payment

$5,387/mo

  • Principal & Interest$4,544
  • Property Tax$384
  • Home Insurance$150
  • FHA MIP$308
Amortization · Remaining Balance

Financed Loan Amount

$740,369

Total Interest

$895,522

Total of Payments

$1,635,891

*Includes financed FHA Upfront MIP of $12,734

Local Market Insights

Pitkin County FHA Mortgage Overview

In Pitkin County, the weighted average down payment of 46.28% for an FHA loan reflects a substantial upfront equity stake, yet the mandatory Mortgage Insurance Premium (MIP) remains required for the life of the loan, regardless of the down payment size. With a median loan-to-value (LTV) ratio of 53.72%, these owner-occupied buyers cannot cancel MIP, making this structure ideal for those with sub-620 credit scores. The effective property tax rate of 0.34% is low, and the recent inflation-adjusted tax change of -11.2% further reduces monthly costs. When evaluating an FHA loan with PMI and taxes in Pitkin County, CO, the lower tax burden partially offsets the permanent MIP, improving long-term affordability in this high-value market.

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.