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Rio Grande County FHA Loan Calculator

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

Loan Details

Rio Grande County, CO Benchmarks

FHA averages
Typical Property Value$301,429
Average Down Payment15.8%
Average Interest Rate6.416%
Effective Tax Rate0.44%
Median Tax Paid$925/yr
Tax Growth (Historical)+0.5%
Based on 56 regional loans totaling $13,440,000 (HMDA database).
$
%

$47,626 down · $253,803 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$111 / month

$

Annual premium

$

Per month

%

$108 / month

Estimated Monthly Payment

$1,987/mo

  • Principal & Interest$1,619
  • Property Tax$111
  • Home Insurance$150
  • FHA MIP$108
Amortization · Remaining Balance

Financed Loan Amount

$258,245

Total Interest

$324,494

Total of Payments

$582,739

*Includes financed FHA Upfront MIP of $4,442

Local Market Insights

Rio Grande County FHA Mortgage Overview

In Rio Grande County, the typical FHA buyer places 15.80% down on a $301,429 home, which is higher than the minimum 3.5% requirement. This strong equity position still mandates Mortgage Insurance Premiums (MIP) for the loan’s life due to the 84.20% loan-to-value ratio. The 0.44% effective property tax rate, adjusted upward by 0.5% for inflation, keeps monthly costs modest. For buyers evaluating an FHA loan with PMI and taxes in Rio Grande County, CO, this data confirms accessible entry for primary residences, though MIP is permanent—ideal for those with sub-620 credit scores.

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.