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Roosevelt County FHA Loan Calculator

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

Loan Details
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

Roosevelt County, NM Benchmarks

FHA averages
Typical Property Value$168,404
Average Down Payment10.2%
Average Interest Rate6.432%
Effective Tax Rate0.60%
$
%

$17,177 down · $151,227 financed

Estimated Monthly Payment

$1,264/mo

  • Principal & Interest$966
  • Property Tax$84
  • Home Insurance$150
  • FHA MIP$64
Amortization · Remaining Balance

Financed Loan Amount

$153,873

Total Interest

$193,711

Total of Payments

$347,584

*Includes financed FHA Upfront MIP of $2,646

Local Market Insights

Roosevelt County FHA Mortgage Overview

For Roosevelt County homebuyers, the 10.23% average down payment on an FHA loan (average property value $168,404) offers accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the life of the loan—ideal for those with sub-620 credit scores. The 89.77% median loan-to-value (LTV) confirms this, as all purchases are primary residences. The 0.60% effective property tax rate, with a 0.8% inflation-adjusted increase, modestly impacts monthly affordability. When evaluating your FHA loan with PMI and taxes in Roosevelt County, NM, the low down payment and favorable tax burden keep costs manageable. For a complete Roosevelt County FHA mortgage with property taxes, note MIP is permanent regardless of equity.

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.