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Freeborn County FHA Loan Calculator

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

Loan Details

Freeborn County, MN Benchmarks

FHA averages
Typical Property Value$188,835
Average Down Payment10.2%
Average Interest Rate6.538%
Effective Tax Rate1.08%
Median Tax Paid$1,907/yr
Tax Growth (Historical)+5.7%
Based on 133 regional loans totaling $21,695,000 (HMDA database).
$
%

$19,261 down · $169,574 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$170 / month

$

Annual premium

$

Per month

%

$72 / month

Estimated Monthly Payment

$1,487/mo

  • Principal & Interest$1,095
  • Property Tax$170
  • Home Insurance$150
  • FHA MIP$72
Amortization · Remaining Balance

Financed Loan Amount

$172,541

Total Interest

$221,702

Total of Payments

$394,244

*Includes financed FHA Upfront MIP of $2,968

Local Market Insights

Freeborn County FHA Mortgage Overview

In Freeborn County, the typical FHA buyer puts 10.18% down on a $188,834 property, a solid entry point for owner-occupants. With an 89.82% loan-to-value ratio, mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life, a key factor when using an FHA loan calculator with PMI and taxes in Freeborn County, MN. The 1.08% effective tax rate, adjusted 5.7% higher for inflation, adds roughly $2,039 annually to true monthly costs. This data reflects standard homebuyers, not investors, making the FHA path ideal for those with sub-620 credit seeking accessible financing.

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.