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Eddy County FHA Loan Calculator

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

Loan Details

Eddy County, NM Benchmarks

FHA averages
Typical Property Value$277,494
Average Down Payment6.6%
Average Interest Rate6.472%
Effective Tax Rate0.45%
Median Tax Paid$1,095/yr
Tax Growth (Historical)+6.8%
Based on 421 regional loans totaling $107,305,000 (HMDA database).
$
%

$18,315 down · $259,179 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$104 / month

$

Annual premium

$

Per month

%

$110 / month

Estimated Monthly Payment

$2,026/mo

  • Principal & Interest$1,662
  • Property Tax$104
  • Home Insurance$150
  • FHA MIP$110
Amortization · Remaining Balance

Financed Loan Amount

$263,715

Total Interest

$334,482

Total of Payments

$598,197

*Includes financed FHA Upfront MIP of $4,536

Local Market Insights

Eddy County FHA Mortgage Overview

In Eddy County, the typical FHA buyer leverages a 6.58% down payment on a $277,494 property, secured by a 6.472% rate. This low entry point, ideal for those with sub-620 credit, mandates MIP for the loan's life due to the 93.42% LTV. While the 0.45% tax rate is low, a 6.8% inflation-adjusted increase will push monthly costs. For an accurate view of your total housing payment, including FHA MIP and property taxes in Eddy County, NM, a detailed local analysis is essential. This data confirms 100% of buyers are owner-occupants, not investors.

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.