The calculator below is pre-filled with Doña Ana County's own property tax rate and insurance average (expand "More options" to see or edit them) — not just New Mexico's statewide figures.

Doña Ana County at a glance

Effective property tax rate: 0.59% of home value / year
Median home price: $319,970
Homeowners insurance (avg/year): $2,036
Conforming loan limit (1-unit, 2026): $832,750

County data last updated 2026-08-20. FIPS 35013. Full source list on /methodology.

Doña Ana County, NM mortgage payment calculator

All-in cost first, always — pre-filled with Doña Ana County tax and insurance figures. Estimate only, not a loan quote or pre-approval.

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Related reading

Closing Costs in New Mexico: What You'll Actually Pay

New Mexico charges no real estate transfer tax at all — just a flat $25 recording fee. Here's what closing on a $357,000 New Mexico home actually costs.

What Is PMI, and How Do You Get Rid of It?

Private mortgage insurance explained in plain English — what it costs, why it exists, the exact federal rules for cancelling it, and how to work out the month your PMI is scheduled to end.

Guides & templates

Buying a Home With Someone Else

The operational guide to buying property with a partner, friend, sibling, or parent — credit and DTI mechanics, title vesting, a clause-by-clause co-ownership agreement, and how the exit actually works.

The First-Time Buyer's Playbook: 12 Months to Closing Day

A month-by-month plan for the year before you buy: what to do in each phase, what never to touch, how to document every dollar, and how to survive closing day.

New Mexico at a glance

Median home price: $357,000
Typical closing costs: 1.1%–2.9% of price
Transfer tax: None
Closing custom: escrow
Homestead exemption: New Mexico does not have a traditional ad-valorem homestead exemption. Instead it offers a 'Head of Family' exemption under NMSA 7-37-4: up to $2,000 of the taxable (assessed) value of a primary residence is exempt for a New Mexico resident who is the head of a family (or property held in a qualifying grantor trust). Only one exemption per household; must be applied for once with the county assessor and then renews automatically. New Mexico also has a separate, larger property tax limitation for qualifying low-income seniors (65+) and disabled residents that freezes assessed value, which is distinct from this exemption.

First-time buyer / down payment assistance programs

MFA FirstHome
New Mexico Mortgage Finance Authority's primary 30-year fixed-rate first mortgage for first-time homebuyers statewide (first-time requirement waived for veterans and buyers in MFA-designated targeted areas); subject to income and purchase-price limits and often paired with FirstDown assistance.
MFA FirstDown
Fixed-rate second-mortgage down payment and closing-cost assistance loan of up to 4% of the purchase price, for first-time homebuyers; must be paired with an MFA FirstHome first mortgage.