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Doña Ana County FHA Loan Calculator

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

Loan Details

Doña Ana County, NM Benchmarks

FHA averages
Typical Property Value$298,766
Average Down Payment8.4%
Average Interest Rate6.030%
Effective Tax Rate0.64%
Median Tax Paid$1,480/yr
Tax Growth (Historical)+2.3%
Based on 1,091 regional loans totaling $291,445,000 (HMDA database).
$
%

$25,096 down · $273,670 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$159 / month

$

Annual premium

$

Per month

%

$116 / month

Estimated Monthly Payment

$2,100/mo

  • Principal & Interest$1,675
  • Property Tax$159
  • Home Insurance$150
  • FHA MIP$116
Amortization · Remaining Balance

Financed Loan Amount

$278,459

Total Interest

$324,497

Total of Payments

$602,955

*Includes financed FHA Upfront MIP of $4,789

Local Market Insights

Doña Ana County FHA Mortgage Overview

For a typical Doña Ana County homebuyer using an FHA loan, the 8.38% down payment on a $298,766 property provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 91.62% loan-to-value ratio. This makes the FHA loan down payment calculator with PMI and taxes in Doña Ana County, NM a critical tool for affordability. The 0.64% effective property tax rate is moderate, but the 2.3% inflation-adjusted increase will raise monthly costs. When evaluating Doña Ana County FHA loan limits and tax calculator inputs, remember MIP never cancels, favoring buyers with sub-620 credit scores. All data reflects owner-occupied purchases only.

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.