Down payment%
≈ $75,604 down
Interest rate6.70%
Loan term30 yrs
Ongoing housing costs
Estimated total
$1,951/mo
$
High risk100%
When is this due?
New Mexico's overall cost of living lands close to the national average - a Bureau of Economic Analysis regional price index of 92.2 against 100 nationally - which is what the starting home price below is adjusted for, instead of a flat national default.
New Mexico taxes income at graduated rates up to about 5.9%.
That makes it the 37th most expensive state in the country by this measure, out of 51 - worth knowing before assuming a national-average mortgage payment applies here.
Cost of living comparison
Enter your ZIP code above to see how New Mexico compares to where you live now.
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