Montezuma County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Montezuma County, CO Benchmarks

FHA averages

Typical Property Value$356,313

Average Down Payment11.2%

Average Interest Rate6.374%

Effective Tax Rate0.29%

Median Tax Paid$958/yr

Tax Growth (Historical)+1.6%

Based on 99 regional loans totaling $29,005,000 (HMDA database).

Home Price

Down Payment

$39,907 down · $316,406 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$86 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$134 / month

Estimated Monthly Payment

$2,378/mo

Principal & Interest$2,007
Property Tax$86
Home Insurance$150
FHA MIP$134

Amortization · Remaining Balance

Financed Loan Amount

$321,943

Total Interest

$400,740

Total of Payments

$722,683

*Includes financed FHA Upfront MIP of $5,537

Local Market Insights

Montezuma County FHA Mortgage Overview

In Montezuma County, the 11.20% average down payment on FHA loans provides accessible entry for owner-occupants, but the 88.80% LTV ratio means mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life—ideal for buyers with sub-620 credit. The 0.29% effective property tax rate is low, yet the 1.6% inflation-adjusted increase will modestly raise monthly costs. When evaluating an FHA loan down payment with PMI and taxes in Montezuma County, CO, note that this data reflects primary residences only, not investments.

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.