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 Baca County, Colorado based on real HMDA transaction records.

Loan Details

Baseline

Rates

Taxes & Ins.

DTI

US County (Smart Autofill)

Loan Type

Credit Score (FICO)

Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Baca County, CO Benchmarks

FHA averages

Typical Property Value$206,111

Average Down Payment12.9%

Average Interest Rate6.279%

Effective Tax Rate0.40%

Home Price

Down Payment

$26,588 down · $179,523 financed

Estimated Monthly Payment

$1,423/mo

Principal & Interest$1,128
Property Tax$69
Home Insurance$150
FHA MIP$76

Amortization · Remaining Balance

Financed Loan Amount

$182,664

Total Interest

$223,510

Total of Payments

$406,174

*Includes financed FHA Upfront MIP of $3,142

Local Market Insights

Baca County FHA Mortgage Overview

In Baca County, the 12.94% average down payment on FHA loans provides accessible entry for owner-occupants, but the mandatory Mortgage Insurance Premium (MIP) applies for the loan’s life due to the 87.06% LTV ratio. This FHA structure is ideal for buyers with sub-620 credit scores, as it lowers upfront barriers. The 0.40% property tax rate, rising 6.6% with inflation, increases true monthly costs. When evaluating an FHA mortgage with PMI and taxes in Baca County, CO, or Baca County FHA loan limits, factor in this permanent MIP and tax shift to gauge 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.