How to run Offer Of Judgment Analyzer in DocketMath for New Mexico

Step-by-step

This guide walks you through running Offer Of Judgment Analyzer in DocketMath for New Mexico (US-NM). It’s designed to be jurisdiction-aware and to use New Mexico’s default interest rule when your inputs don’t specify a different contractual rate.

Gentle disclaimer: This is general guidance about using the tool and the New Mexico default interest rate. It’s not legal advice.

1) Open the analyzer for New Mexico

• Go to: /tools/offer-of-judgment-analyzer
• Confirm the jurisdiction is set to US-NM (New Mexico).

If you’re navigating within DocketMath, you can jump directly using this link: /tools/offer-of-judgment-analyzer.

2) Gather the core inputs the analyzer expects

Offer-of-judgment calculations typically need at least:

• Judgment date (or the relevant start date for interest)
• Principal amount (the judgment or the offer-related base amount)
• Offer amount (the amount offered, if your workflow includes comparing offer vs. judgment)
• Interest rate inputs (or a way to select/leave default)
• Term boundaries (for example, number of days or end date for interest accrual)

Use the labels and required fields shown in DocketMath’s Offer Of Judgment Analyzer interface. If the tool provides optional fields:

• Fill them only if you have accurate numbers.
• Otherwise leave them blank so DocketMath can apply its defaults (including jurisdiction-aware defaults).

3) Use New Mexico’s default interest rate (6% per year)

For New Mexico, the tool should apply the general/default statutory interest rate when you don’t have a contract rate to use.

• N.M. Stat. Ann. § 39-1-1 states: “The rate of interest shall be six percent per annum unless otherwise specified by contract.”
  Source: https://law.justia.com/codes/new-mexico/2018/chapter-39/section-39-1-1

Key point for your run:
Your jurisdiction data indicates no claim-type-specific sub-rule was found. That means the 6% per annum general default is the baseline to rely on when you don’t have a different contract interest rate available.

4) Enter dates so interest accrues over the correct period

Because interest depends heavily on time, set dates carefully:

• Use the correct start date the tool is asking for (commonly the date the tool ties interest to—such as judgment date, offer-trigger date, or another court-triggered date).
• Use the correct end date (commonly the payment date, judgment entry date, or your chosen cut-off/analysis date).

If the interface uses “number of days” instead of explicit dates, calculate it consistently with the tool’s conventions (e.g., calendar days vs. business days—follow what the UI indicates).

5) Confirm whether a contractual interest rate applies

Section 39-1-1’s default rule is 6% per annum unless otherwise specified by contract.

In the analyzer:

• If there’s an “interest rate” field and a separate way to indicate whether it’s statutory vs. contractual, choose accordingly.
• If the tool offers an option such as “statutory default”, use that when you don’t have a confirmed contractual rate.
• If the tool allows you to enter a contract rate, enter it only if you truly have a contract term specifying an interest rate.

If you’re unsure whether your agreement specifies interest, consider running the tool twice (next step) instead of guessing once.

6) Run scenario checks (recommended)

To see how outputs change based on the interest-rate choice, run at least two scenarios:

• Scenario A: Statutory default
  Use 6% per annum from N.M. Stat. Ann. § 39-1-1.
• Scenario B: Contract rate
  If you have a contractual interest rate, rerun using that rate.

This matters because § 39-1-1 explicitly ties the rate to whether the contract specifies otherwise, so your totals can change meaningfully based on which rate you apply.

7) Review the analyzer’s outputs line-by-line

After you submit your inputs, review what DocketMath returns:

• An interest computation section (rate × time)
• A breakdown such as principal, interest, and/or total payoff
• Any offer vs. judgment metrics (if included in the tool’s workflow)

If the tool shows intermediate values (for example, days used, annual-to-daily conversion, or a compounding approach), use those details to sanity-check the run.

8) Export or record the results

When you’re done, save or note:

• The jurisdiction used (US-NM)
• The interest rate selected (6% default vs. contract rate)
• The date range used for accrual
• The final computed totals (and any intermediate interest figures)

Recording these inputs makes it much easier to rerun the analysis later if you discover a date or amount was entered incorrectly.

Common pitfalls

Here are the most frequent issues when running the Offer Of Judgment Analyzer for New Mexico.

• Using a non-NM jurisdiction setting

  • The tool’s defaults can differ by state. Confirm US-NM before calculating.

• Assuming the wrong interest rate

  • New Mexico’s general rule is 6% per annum unless a contract specifies otherwise:

    • N.M. Stat. Ann. § 39-1-1 (general/default interest rate)
  • Because no claim-type-specific sub-rule was identified in the provided jurisdiction data, rely on the 6% default when you don’t have a contract rate.

• Date range errors

  • Common mistakes include:

    • swapping start and end dates,
    • using a cut-off date that doesn’t match the tool’s required trigger,
    • entering invalid ranges that produce zero or incorrect sign results.

• Not testing both statutory and contract scenarios

  • If you can’t confirm whether the contract sets an interest rate, don’t guess once. Run:

    • 6% statutory default, and
    • contract rate (only if confirmed).

• Misreading what “principal” means in the UI

  • Ensure your “principal” base number matches the tool’s label (e.g., judgment principal vs. a different base amount). Using the wrong base amount can distort interest and totals.

Try it

Use DocketMath to run a clean New Mexico default analysis using the statutory interest rate.

Open the Offer Of Judgment Analyzer calculator and follow the steps above: Run the calculator.

When rules change, rerun the calculation with updated inputs and store the revision in the matter record.

Quick checklist before you click Calculate

Recommended “two-run” method

1. Run with 6% (statutory default under § 39-1-1).
2. Rerun with your contractual rate (only if confirmed by the contract).
3. Compare the outputs:

   • Total interest
   • Total payoff
   • Any offer-vs-judgment metrics the tool provides

Start here

Open the tool: **/tools/offer-of-judgment-analyzer

Related reading

• Offer of Judgment Analyzer Guide for Alabama
• Offer of Judgment Analyzer Guide for Arizona
• Offer of Judgment Analyzer Guide for Colorado