Compare mortgage rates and fees for leading lenders in Tonopah, NV. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lender offering the best mortgage rates in Tonopah.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Tonopah. Plus, shopping lenders is free and there is no obligation.
September 20, 2020
The current average rate for a 30 year fixed rate mortgage in Tonopah is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%
Below we provide helpful information on the real estate market, home prices and housing affordability in Tonopah. Understand how much you need to earn to afford a home in Tonopah, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Tonopah fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Tonopah is right for you.
The median home value for Tonopah, NV (Nye County) is $156,957
Based on current mortgage rates and a 10% down payment, you need to make $28,248 per year to buy the median priced home in Tonopah
With this income, you could qualify for a $141,261 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Tonopah is $654
The median household income for Tonopah, NV (Nye County) is $46,642
Based on this income, you can afford a home valued at approximately $259,157
The home price you can afford to buy based on household income in Tonopah is 165% of the median home value which means housing prices are average. Tonopah (Nye County) ranks 10 out of 17 counties in Nevada and 2,266 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Tonopah, NV is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Tonopah (Nye County) below.
Conforming loan limits for Tonopah, NV
FHA loan limits for Tonopah, NV
VA loan limits for Tonopah, NV