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New Mexico Mortgage Calculator

Estimate your monthly mortgage payment in New Mexico based on the state median home price of $280K, a 0.8% property tax rate, and $2K/year homeowners insurance.

$
$56,000
%
%
years
NM avg
%
$
Monthly Payment (PITI)
$1,760
Principal + Interest + Tax + Insurance + PMI
Principal & Interest
$1,416
per month
Taxes & Insurance
$345
per month
Total Interest Paid
$286K
over 30 years
Total Loan Cost
$510K
all payments
Payment Breakdown
Loan Amount$224,000
Principal & Interest$1,416
Property Taxes$187
Homeowners Insurance$158
Total Monthly PITI$1,760

New Mexico Housing at a Glance

Median Home Price
$280K
New Mexico statewide
Property Tax Rate
0.8%
$187/mo on median
Avg Closing Costs
$4K
1.4% of purchase price
Homeowners Insurance
$1,900/yr
$158/mo
New Mexico First-Time Buyer Program
MFA First Home
Down payment assistance: FIRSTDown DPA assistance
← All New Mexico mortgage info

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