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Dodge County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Dodge County, Minnesota based on real HMDA transaction records.

Loan Details

Dodge County, MN Benchmarks

FHA averages
Typical Property Value$276,194
Average Down Payment11.9%
Average Interest Rate6.424%
Effective Tax Rate1.01%
Median Tax Paid$3,191/yr
Tax Growth (Historical)+6.7%
Based on 67 regional loans totaling $15,695,000 (HMDA database).
$
%

$32,867 down · $243,327 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$232 / month

$

Annual premium

$

Per month

%

$103 / month

Estimated Monthly Payment

$2,038/mo

  • Principal & Interest$1,552
  • Property Tax$232
  • Home Insurance$150
  • FHA MIP$103
Amortization · Remaining Balance

Financed Loan Amount

$247,585

Total Interest

$311,100

Total of Payments

$558,685

*Includes financed FHA Upfront MIP of $4,258

Local Market Insights

Dodge County FHA Mortgage Overview

In Dodge County, the 11.92% average down payment on FHA loans provides accessible entry for primary residence buyers, but it triggers mandatory Mortgage Insurance Premiums (MIP) for the life of the loan, regardless of the 88.08% Loan-to-Value ratio. This makes FHA financing ideal for those with sub-620 credit scores. The effective property tax rate of 1.01% is moderate, but the recent 6.7% inflation-adjusted tax increase will raise true monthly affordability. When evaluating an FHA loan with PMI and taxes in Dodge County, MN, or exploring Dodge County FHA loan limits and tax implications, note that this 100% owner-occupied data reflects standard homebuyers, not investors.

Disclaimer: This calculator provides estimates for educational purposes only and does not constitute a loan offer or financial advice. Actual rates, taxes, insurance, and fees will vary.