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Chaffee County FHA Loan Calculator

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

Loan Details

Chaffee County, CO Benchmarks

FHA averages
Typical Property Value$555,526
Average Down Payment12.1%
Average Interest Rate6.181%
Effective Tax Rate0.29%
Median Tax Paid$1,901/yr
Tax Growth (Historical)+10.8%
Based on 38 regional loans totaling $17,540,000 (HMDA database).
$
%

$67,219 down · $488,307 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$134 / month

$

Annual premium

$

Per month

%

$207 / month

Estimated Monthly Payment

$3,528/mo

  • Principal & Interest$3,037
  • Property Tax$134
  • Home Insurance$150
  • FHA MIP$207
Amortization · Remaining Balance

Financed Loan Amount

$496,853

Total Interest

$596,332

Total of Payments

$1,093,184

*Includes financed FHA Upfront MIP of $8,545

Local Market Insights

Chaffee County FHA Mortgage Overview

For Chaffee County homebuyers using an FHA loan, the 12.11% average down payment on a $555,526 property provides accessible entry, but the 87.89% loan-to-value ratio means mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life—ideal for those with sub-620 credit. The low 0.29% property tax rate offers initial affordability, yet the 10.8% inflation-adjusted tax increase will raise monthly obligations. When evaluating an FHA loan with PMI and taxes in Chaffee County, CO, this tax shift and permanent MIP must be factored into long-term budgeting for primary residences.

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.