Saguache County FHA Loan Calculator

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

Loan Details

Baseline

Rates

Taxes & Ins.

DTI

US County (Smart Autofill)

Loan Type

Credit Score (FICO)

Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Saguache County, CO Benchmarks

FHA averages

Typical Property Value$278,571

Average Down Payment11.2%

Average Interest Rate6.301%

Effective Tax Rate0.43%

Home Price

Down Payment

$31,200 down · $247,371 financed

Estimated Monthly Payment

$1,913/mo

Principal & Interest$1,558
Property Tax$100
Home Insurance$150
FHA MIP$105

Amortization · Remaining Balance

Financed Loan Amount

$251,700

Total Interest

$309,164

Total of Payments

$560,864

*Includes financed FHA Upfront MIP of $4,329

Local Market Insights

Saguache County FHA Mortgage Overview

In Saguache County, the average 11.20% down payment on an FHA loan provides accessible entry for homebuyers. However, with an 88.80% Loan-to-Value ratio, the mandatory Mortgage Insurance Premium (MIP) applies for the life of the loan, a key factor for those exploring FHA loan down payment scenarios. The low 0.43% property tax rate, coupled with a -1.4% inflation-adjusted decrease, enhances true monthly affordability. This market is ideal for owner-occupants with sub-620 credit, as the FHA loan limits and tax structure keep carrying costs predictable despite the permanent MIP requirement.

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.