Del Webb Mirehaven: True 10-Year Cost Analysis

Every dollar you will spend owning here over a decade — no surprises

Most community marketing shows you a home price. This guide shows you the full cost picture at Del Webb Mirehaven over 10 years — mortgage, property taxes, HOA, insurance, maintenance, and the NM income tax reality. Assume a $550,000 purchase with 20% down at 7% fixed rate.

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Monthly All-In Cost (Year 1)

Mirehaven — Monthly Cost Breakdown at $550,000 (Year 1)

Principal & Interest ($440K at 7%)$2,927/mo

Property tax (0.84% eff. on $550K = $4,620/yr)$385/mo

Homeowners insurance~$120/mo

HOA fee$215/mo

Maintenance reserve (1% of value/yr)$458/mo

Total Monthly Housing Cost~$4,105/mo

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10-Year Cumulative Cost

Mirehaven — 10-Year Cumulative Outlay

Down payment (Year 0)$110,000

Mortgage payments (10 yr)$351,240

Property taxes (10 yr, ~1% annual increase)~$48,200

HOA (10 yr, ~3% annual increase)~$30,000

Insurance (10 yr)~$14,400

Maintenance (10 yr)~$55,000

Total 10-Year Outlay~$608,840

Equity built by Year 10: Of the $351,240 in mortgage payments, approximately $93,000 goes to principal payoff (early payments are mostly interest at 7%). If the home appreciates at 3%/year, the $550,000 home is worth approximately $739,000 at Year 10. Net equity: ~$739K minus remaining loan balance (~$347K) = ~$392,000. That is a meaningful wealth-building position despite the high monthly cost.

The NM Income Tax Add-On

Housing costs above do not include New Mexico income tax on retirement distributions. If you draw $70,000/year from IRAs or pensions, budget approximately $3,290/year in NM income tax (at the 4.7% bracket on most of that income). Over 10 years that adds approximately $32,900 to total cost — a real number that most community marketing materials never mention.

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