New Mexico Mortgage Calculator
Full PITI calculation with New Mexico property tax and insurance defaults.
New Mexico Mortgage Guide
Everything you need to know about getting a mortgage in New Mexico: property tax landscape, closing costs, and first time buyer programs.
At a glance
New Mexico by the numbers
- Median home value
- $295,000
- Effective property tax rate
- 0.78%
- Median annual property tax
- $1,644
- Avg. homeowners insurance
- $2,020/yr
- Transfer tax
- None
- Attorney required at closing
- No
Tools
New Mexico calculators
New Mexico Closing Costs
Transfer tax, title insurance, recording fees. Coming soon.
New Mexico First Time Buyer Programs
Housing finance agency programs and eligibility. Coming soon.