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Taos County FHA Loan Calculator

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

Loan Details

Taos County, NM Benchmarks

FHA averages
Typical Property Value$367,326
Average Down Payment19.3%
Average Interest Rate6.356%
Effective Tax Rate0.34%
Median Tax Paid$1,129/yr
Tax Growth (Historical)-5.9%
Based on 43 regional loans totaling $11,175,000 (HMDA database).
$
%

$70,894 down · $296,432 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$104 / month

$

Annual premium

$

Per month

%

$126 / month

Estimated Monthly Payment

$2,259/mo

  • Principal & Interest$1,879
  • Property Tax$104
  • Home Insurance$150
  • FHA MIP$126
Amortization · Remaining Balance

Financed Loan Amount

$301,620

Total Interest

$374,733

Total of Payments

$676,352

*Includes financed FHA Upfront MIP of $5,188

Local Market Insights

Taos County FHA Mortgage Overview

For Taos County homebuyers using an FHA loan, the 19.27% average down payment provides accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the life of the loan, regardless of the 80.73% loan-to-value ratio. This makes FHA ideal for those with sub-620 credit scores seeking a primary residence. The effective property tax rate of 0.34% is low, and with a -5.9% inflation-adjusted tax shift, monthly affordability is improved. When evaluating an FHA loan down payment in Taos County, New Mexico, remember that MIP is permanent, unlike conventional loans. Use this data to assess true costs, including property taxes.

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.