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Albuquerque Mortgage Calculator

Estimate your true cost of homeownership in Albuquerque with localized property taxes, insurance, and utility data.

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Est. Total Monthly Cost
$2,244
P&I Payment$1,738
Taxes & Ins$306
Utilities$200

Mortgage Details

$343,780
Local Median: $343,780
$68,756 (20%)
%

Local Area Costs

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Monthly$2,244

Monthly Breakdown

Principal & Interest
$1,738
Property Taxes
$207
Homeowners Ins.
$98
Est. Utilities
$200

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$350,778

Local Housing Facts for Albuquerque

  • ·Median home value: $343,780 (adjusted for current market conditions)
  • ·Est. property taxes: $2,486/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $1,181/yr — based on local per-$1K premium rates
  • ·Energy utilities: $2,400/yr — sourced from DOE LEAD survey data
  • ·Flood insurance: optional — toggled off by default, estimate based on FEMA risk profile

Frequently Asked Questions

How much are property taxes in Albuquerque?

Based on the local median home value, estimated real estate property taxes in Albuquerque are around $2,486 per year.

What is the average home price in Albuquerque?

The median home value in Albuquerque is currently estimated at $343,780.

How much does homeowners insurance cost in Albuquerque?

For a median priced home, homeowners insurance in Albuquerque averages around $1,181 annually.

What is the true total cost of owning a home in Albuquerque?

True homeownership costs go beyond principal and interest. In Albuquerque, a typical homeowner with a median-priced home of $343,780 can expect to pay roughly $2,486/yr in property taxes, $1,181/yr for homeowners insurance, and $2,400/yr in energy utilities. That adds approximately $506 per month in ongoing costs on top of your mortgage payment. Use our calculator above to model your exact all-in monthly cost.