🌵 New Mexico

Mortgage Calculator for New Mexico Home Buyers

Estimate New Mexico mortgage payments including property tax and insurance.

0.78%

Avg Property Tax

$260K

Median Home Price

6.50%

Avg Interest Rate

$1K

Avg Insurance/Year

Calculate Your Mortgage

Loan Amount ($)

Interest Rate (%)

Loan Term

Property Tax (% per year) - Optional

Home Insurance ($ per year) - Optional

Your Monthly Payment

Principal + Interest + Tax + Insurance

Principal & Interest

Property Tax

Home Insurance

Total Payments

Payment Breakdown

Loan Amount $0

Interest Rate 0%

Loan Term 0 Years

Monthly Payment $0

Total Interest Paid $0

Total Amount Paid $0

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About New Mexico Mortgages

New Mexico offers affordable housing with moderate property taxes and unique regional markets.

New Mexico Mortgage FAQs

What is the median home price in New Mexico?

The median home price in New Mexico is $260000.

What is the average property tax rate in New Mexico?

The average property tax rate in New Mexico is 0.78% per year.

How much do homeowners typically pay for insurance in New Mexico?

Homeowners insurance in New Mexico averages $1300 per year.

What is the current mortgage interest rate in New Mexico?

The current mortgage interest rate in New Mexico is approximately 6.50%.

Are property taxes in New Mexico higher or lower than the national average?

Property taxes in New Mexico are lower than the national average.

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