De Baca County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

De Baca County, NM Benchmarks

FHA averages

Typical Property Value$155,000

Average Down Payment15.5%

Average Interest Rate6.550%

Effective Tax Rate0.55%

Median Tax Paid$1,118/yr

Tax Growth (Historical)+37.6%

Based on 10 regional loans totaling $1,220,000 (HMDA database).

Home Price

Down Payment

$24,025 down · $130,975 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

$71 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$56 / month

Estimated Monthly Payment

$1,123/mo

Principal & Interest$847
Property Tax$71
Home Insurance$150
FHA MIP$56

Amortization · Remaining Balance

Financed Loan Amount

$133,267

Total Interest

$171,554

Total of Payments

$304,821

*Includes financed FHA Upfront MIP of $2,292

Local Market Insights

De Baca County FHA Mortgage Overview

For De Baca County homebuyers, the 15.46% down payment on an FHA loan offers accessible entry, but note that FHA mortgage insurance (MIP) is required for the loan’s life, regardless of equity. The 84.54% loan-to-value (LTV) confirms this, ideal for those with sub-620 credit. The low 0.55% property tax rate is favorable, yet the 37.6% inflation-adjusted tax increase will raise monthly costs. When assessing an FHA loan with PMI and taxes in De Baca County, NM, or reviewing FHA loan limits and property taxes, remember this data reflects 100% owner-occupied purchases, 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.