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Sandoval County FHA Loan Calculator

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

Loan Details

Sandoval County, NM Benchmarks

FHA averages
Typical Property Value$360,744
Average Down Payment8.2%
Average Interest Rate5.928%
Effective Tax Rate0.66%
Median Tax Paid$2,296/yr
Tax Growth (Historical)+3.7%
Based on 1,142 regional loans totaling $371,580,000 (HMDA database).
$
%

$29,581 down · $331,163 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$198 / month

$

Annual premium

$

Per month

%

$140 / month

Estimated Monthly Payment

$2,494/mo

  • Principal & Interest$2,005
  • Property Tax$198
  • Home Insurance$150
  • FHA MIP$140
Amortization · Remaining Balance

Financed Loan Amount

$336,958

Total Interest

$384,876

Total of Payments

$721,835

*Includes financed FHA Upfront MIP of $5,795

Local Market Insights

Sandoval County FHA Mortgage Overview

For Sandoval County homebuyers, the 8.21% average down payment on an FHA loan provides accessible entry, though it triggers mandatory Mortgage Insurance Premiums (MIP) for the loan’s life. With a 91.79% Loan-to-Value (LTV) ratio, this data reflects 100% owner-occupied purchases, ideal for those with sub-620 credit scores. The 0.66% effective property tax rate, adjusted 3.7% for inflation, adds modest monthly costs. When evaluating an FHA loan with PMI and taxes in Sandoval County, NM, the average property value of $360,744 and 5.928% rate highlight how the low down payment offsets the permanent MIP burden.

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.