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Montrose County FHA Loan Calculator

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

Loan Details

Montrose County, CO Benchmarks

FHA averages
Typical Property Value$405,688
Average Down Payment8.8%
Average Interest Rate6.380%
Effective Tax Rate0.36%
Median Tax Paid$1,385/yr
Tax Growth (Historical)+5.0%
Based on 160 regional loans totaling $57,180,000 (HMDA database).
$
%

$35,701 down · $369,987 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$122 / month

$

Annual premium

$

Per month

%

$157 / month

Estimated Monthly Payment

$2,778/mo

  • Principal & Interest$2,350
  • Property Tax$122
  • Home Insurance$150
  • FHA MIP$157
Amortization · Remaining Balance

Financed Loan Amount

$376,462

Total Interest

$469,489

Total of Payments

$845,952

*Includes financed FHA Upfront MIP of $6,475

Local Market Insights

Montrose County FHA Mortgage Overview

Montrose County's FHA market reveals an accessible entry point, with a weighted average down payment of 8.81% and a 91.19% loan-to-value ratio. This low down payment reduces upfront costs but mandates Mortgage Insurance Premiums (MIP) for the loan's life, a key factor for those using an FHA loan calculator with PMI and taxes in Montrose County, CO. The 0.36% effective property tax rate, adjusted upward by 5.0% for inflation, adds a modest but rising monthly cost. For buyers exploring Montrose County FHA loan limits and tax options, the low down payment and fixed MIP make this ideal for owner-occupants, particularly those with sub-620 credit scores, as the MIP cannot be canceled.

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.