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Cheyenne County FHA Loan Calculator

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

Loan Details

Cheyenne County, CO Benchmarks

FHA averages
Typical Property Value$213,182
Average Down Payment21.5%
Average Interest Rate6.541%
Effective Tax Rate0.41%
Median Tax Paid$887/yr
Tax Growth (Historical)-0.3%
Based on 11 regional loans totaling $1,625,000 (HMDA database).
$
%

$45,834 down · $167,348 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$73 / month

$

Annual premium

$

Per month

%

Not required at 20%+ down

Estimated Monthly Payment

$1,375/mo

  • Principal & Interest$1,081
  • Property Tax$73
  • Home Insurance$150
  • FHA MIP$71
Amortization · Remaining Balance

Financed Loan Amount

$170,276

Total Interest

$218,792

Total of Payments

$389,069

*Includes financed FHA Upfront MIP of $2,929

Local Market Insights

Cheyenne County FHA Mortgage Overview

In Cheyenne County, the 21.54% average down payment on FHA loans exceeds the typical 3.5% minimum, yet mandatory Mortgage Insurance Premiums (MIP) remain for the loan's life due to the 78.46% LTV ratio. This structure is ideal for buyers with sub-620 credit scores seeking entry. The 0.41% effective tax rate, coupled with a -0.3% inflation-adjusted shift, provides stable monthly affordability. For Cheyenne County FHA loan analysis with PMI and taxes, this data confirms lower property tax burdens offset the permanent MIP cost, making owner-occupied purchases financially predictable.

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.