Not financial advice. Mortgage FV Calculator is a software calculator, not a personal-finance product or advisory service. It computes standard financial functions and displays the results for your convenience. Nothing here constitutes, or is intended to constitute, financial, investment, tax, legal, mortgage, credit, or insurance advice. Always consult a qualified professional before making any financial decision.
Las Cruces mortgage calculator
A median-priced Las Cruces, NM home at 6.75% over 30 years, with New Mexico property tax of 0.67% and $1,900 a year of homeowners insurance. Every figure below is computed on our amortising engine — nothing is estimated in the browser.
$1,820 a month, all in
Principal and interest are $1,424; escrow and PMI add the rest. Over the full term the loan costs $293,156 in interest. Discounted at 5%, buying here has a net present value of $67,015 ($237,176 in today’s dollars).
Within New Mexico, Las Cruces is the cheapest of the 4 New Mexico markets covered here — Santa Fe runs about 2.00x these prices. Buyers priced out of the expensive end of the state often end up comparing exactly this pair.
Las Cruces is cheaper than New Mexico as a whole — $244,000 against a state median of $305,000, roughly 20% below. On a 20% deposit that is $12,200 less to find up front.
Rents here are high relative to prices — a rent index of 0.88 against a price index of 0.80. That combination favours buying sooner, because the payment you avoid is larger relative to the price you pay.
Monthly cost in Las Cruces vs comparable rent
Owning is stacked by component; renting is the local median asking rent.
The monthly breakdown
| Median home price | $244,000 |
|---|---|
| Down payment (10%) | $24,400 |
| Loan amount | $219,600 |
| Principal & interest | $1,424/mo |
| Property tax (0.67%) | $136/mo |
| Homeowners insurance | $158/mo |
| PMI while above 80% LTV | $101/mo |
| Total monthly payment | $1,820/mo |
| Comparable rent | $1,232/mo |
What a rate move does to the Las Cruces payment
| Rate | Principal & interest |
|---|---|
| 5.5% | $1,247/mo |
| 6% | $1,317/mo |
| 6.5% | $1,388/mo |
| 7% | $1,461/mo |
| 7.5% | $1,535/mo |
| 8% | $1,611/mo |
Rent or buy in Las Cruces?
Against $1,232 a month in rent, over 7 years renting leaves you about $26,216 better off — $22,055 once 2.5% inflation is stripped out. See the New Mexico rent-vs-buy page.
Where these numbers come from
New Mexico medians come from editorial and are refreshed weekly. The Las Cruces figures index those state medians to the local market, so they track the same feed rather than going stale. Insurance and the state income tax rate are editorial. Treat everything here as a planning estimate, not a quote.