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Catron County FHA Loan Calculator

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

Loan Details

Catron County, NM Benchmarks

FHA averages
Typical Property Value$340,000
Average Down Payment11.9%
Average Interest Rate6.333%
Effective Tax Rate0.27%
Median Tax Paid$608/yr
Tax Growth (Historical)+1.2%
Based on 4 regional loans totaling $1,200,000 (HMDA database).
$
%

$40,460 down · $299,540 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$77 / month

$

Annual premium

$

Per month

%

$127 / month

Estimated Monthly Payment

$2,246/mo

  • Principal & Interest$1,892
  • Property Tax$77
  • Home Insurance$150
  • FHA MIP$127
Amortization · Remaining Balance

Financed Loan Amount

$304,782

Total Interest

$376,511

Total of Payments

$681,293

*Includes financed FHA Upfront MIP of $5,242

Local Market Insights

Catron County FHA Mortgage Overview

In Catron County, the 11.86% average down payment on an FHA loan provides accessible entry, though the 88.14% loan-to-value ratio confirms mandatory Mortgage Insurance Premiums (MIP) for the life of the loan—ideal for buyers with sub-620 credit. For a $340,000 property at 6.333%, this FHA loan with PMI and taxes in Catron County, NM, yields a manageable monthly cost, aided by a low 0.27% effective tax rate. The 1.2% inflation-adjusted tax increase has a minimal impact on true affordability. All data reflects 100% owner-occupied purchases, not investments. For precise FHA loan limits and tax scenarios in Catron County, New Mexico, consult a local lender.

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.