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Teller County FHA Loan Calculator

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

Loan Details

Teller County, CO Benchmarks

FHA averages
Typical Property Value$426,150
Average Down Payment10.5%
Average Interest Rate6.204%
Effective Tax Rate0.35%
Median Tax Paid$1,672/yr
Tax Growth (Historical)+2.5%
Based on 113 regional loans totaling $41,125,000 (HMDA database).
$
%

$44,746 down · $381,404 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$124 / month

$

Annual premium

$

Per month

%

$162 / month

Estimated Monthly Payment

$2,813/mo

  • Principal & Interest$2,377
  • Property Tax$124
  • Home Insurance$150
  • FHA MIP$162
Amortization · Remaining Balance

Financed Loan Amount

$388,079

Total Interest

$467,592

Total of Payments

$855,670

*Includes financed FHA Upfront MIP of $6,675

Local Market Insights

Teller County FHA Mortgage Overview

For Teller County homebuyers, the 10.47% down payment on an FHA loan provides accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the loan’s life. With an 89.53% loan-to-value ratio and 100% owner-occupancy, this data reflects standard buyers, not investors. The effective property tax rate of 0.35% is low, but the recent 2.5% inflation-adjusted tax shift will modestly increase monthly costs. When evaluating an FHA loan with PMI and taxes in Teller County, Colorado, the low down payment is ideal for those with sub-620 credit, but the permanent MIP is a key factor in long-term affordability.

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.