Douglas County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Douglas County, MN Benchmarks

FHA averages

Typical Property Value$330,970

Average Down Payment15.2%

Average Interest Rate6.411%

Effective Tax Rate0.84%

Median Tax Paid$2,674/yr

Tax Growth (Historical)+3.1%

Based on 67 regional loans totaling $18,125,000 (HMDA database).

Home Price

Down Payment

$50,307 down · $280,663 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$232 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$119 / month

Estimated Monthly Payment

$2,289/mo

Principal & Interest$1,788
Property Tax$232
Home Insurance$150
FHA MIP$119

Amortization · Remaining Balance

Financed Loan Amount

$285,574

Total Interest

$358,161

Total of Payments

$643,735

*Includes financed FHA Upfront MIP of $4,912

Local Market Insights

Douglas County FHA Mortgage Overview

For Douglas County homebuyers, the 15.23% average down payment on an FHA loan (with an 84.77% LTV) provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life—ideal for those with sub-620 credit. The 0.84% effective property tax rate, with a recent 3.1% inflation-adjusted increase, adds to monthly costs. When assessing true affordability for an FHA loan with PMI and taxes in Douglas County, MN, or reviewing Douglas County FHA loan limits, this tax shift must be factored into your budget. All data reflects 100% primary residences, not investments.

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.