CALCMONEY // MORTGAGE // NM // RIO RANCHO
Calculate your monthly mortgage payment using Rio Rancho-specific property tax rates and local market data.
$268,000
6.9%
0.8%
91
| Principal & Interest | $1,412 |
| Property Tax | $179 |
| Homeowners Insurance (est.) | $89 |
| Total Monthly Payment (PITI) | $1,680 |
$53,600
$293,934
$72,002/yr
Home prices in Rio Rancho run 36% below the national median: $268,000 versus $420,000. Relative to the $63,100 median household income here, the price-to-income ratio comes out to 4.2x.
Property taxes in Rio Rancho run 0.8% of assessed value, below the 1.1% national average. On the median home, that's $2,144 a year, or $179 added to the monthly payment.
Unlike the nine no-income-tax states, New Mexico taxes wage income. Worth running your actual take-home pay against the $1,680/month payment here before locking in a target price.
Day-to-day expenses in Rio Rancho track at 91 against the national 100 baseline, below average once you look past the mortgage payment itself.
Rio Rancho's median home price runs 14% lower than nearby Albuquerque: $310,000 there versus $268,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $214,400 loan saves $9,648 in interest over 30 years.
Compare Top Rio Rancho Mortgage LendersAlbuquerque
$310,000 median
NMSanta Fe
$520,000 median
NMLas Cruces
$199,000 median
NMRoswell
$198,000 median