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Garfield County FHA Loan Calculator

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

Loan Details

Garfield County, CO Benchmarks

FHA averages
Typical Property Value$546,161
Average Down Payment10.2%
Average Interest Rate6.275%
Effective Tax Rate0.39%
Median Tax Paid$2,201/yr
Tax Growth (Historical)+1.9%
Based on 224 regional loans totaling $105,460,000 (HMDA database).
$
%

$55,708 down · $490,453 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$178 / month

$

Annual premium

$

Per month

%

$208 / month

Estimated Monthly Payment

$3,618/mo

  • Principal & Interest$3,082
  • Property Tax$178
  • Home Insurance$150
  • FHA MIP$208
Amortization · Remaining Balance

Financed Loan Amount

$499,035

Total Interest

$610,625

Total of Payments

$1,109,661

*Includes financed FHA Upfront MIP of $8,583

Local Market Insights

Garfield County FHA Mortgage Overview

For Garfield County homebuyers leveraging an FHA loan, the 10.22% down payment and 89.78% loan-to-value ratio provide accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life regardless of equity. This FHA structure is ideal for primary residences (100% occupancy), especially with a sub-620 credit score. The effective property tax rate of 0.39% is low, yet the 1.9% inflation-adjusted tax increase will slightly raise monthly obligations. When evaluating an FHA loan with PMI and taxes in Garfield County, CO, or considering Garfield County FHA loan limits, this data confirms a stable, owner-occupied market with manageable tax impacts.

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.