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Goodhue County FHA Loan Calculator

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

Loan Details

Goodhue County, MN Benchmarks

FHA averages
Typical Property Value$289,370
Average Down Payment11.7%
Average Interest Rate6.381%
Effective Tax Rate0.98%
Median Tax Paid$2,998/yr
Tax Growth (Historical)+1.5%
Based on 119 regional loans totaling $29,865,000 (HMDA database).
$
%

$33,856 down · $255,514 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$236 / month

$

Annual premium

$

Per month

%

$108 / month

Estimated Monthly Payment

$2,117/mo

  • Principal & Interest$1,623
  • Property Tax$236
  • Home Insurance$150
  • FHA MIP$108
Amortization · Remaining Balance

Financed Loan Amount

$259,985

Total Interest

$324,230

Total of Payments

$584,215

*Includes financed FHA Upfront MIP of $4,471

Local Market Insights

Goodhue County FHA Mortgage Overview

Goodhue County FHA buyers are leveraging an 11.72% down payment on a $289,370 average property, yet the 88.28% LTV ratio confirms MIP is required for the loan’s life—critical for those with sub-620 credit. The 6.381% rate and 0.98% tax rate, adjusted upward by 1.5% for inflation, mean true monthly affordability must account for both MIP and rising property taxes. All buyers are owner-occupants, reinforcing this as a stable, primary-residence market. When evaluating an FHA loan with PMI and taxes in Goodhue County, MN, note that the down payment offers accessible entry but carries permanent MIP costs.

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.