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Rock County FHA Loan Calculator

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

Loan Details

Rock County, MN Benchmarks

FHA averages
Typical Property Value$222,143
Average Down Payment8.3%
Average Interest Rate6.429%
Effective Tax Rate0.73%
Median Tax Paid$1,590/yr
Tax Growth (Historical)+6.3%
Based on 28 regional loans totaling $5,470,000 (HMDA database).
$
%

$18,438 down · $203,705 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$135 / month

$

Annual premium

$

Per month

%

$86 / month

Estimated Monthly Payment

$1,672/mo

  • Principal & Interest$1,301
  • Property Tax$135
  • Home Insurance$150
  • FHA MIP$86
Amortization · Remaining Balance

Financed Loan Amount

$207,270

Total Interest

$260,932

Total of Payments

$468,202

*Includes financed FHA Upfront MIP of $3,565

Local Market Insights

Rock County FHA Mortgage Overview

For Rock County homebuyers, the FHA loan data reveals an accessible market with specific cost implications. An 8.35% down payment on a $222,143 property provides low-entry ownership, but the 91.65% LTV confirms mandatory Mortgage Insurance Premiums (MIP) for the loan's life, regardless of equity buildup—ideal for those with sub-620 credit. The 6.429% rate and 0.73% property tax rate are manageable, but the 6.3% inflation-adjusted tax increase will raise true monthly affordability. When considering an FHA loan calculator with PMI and taxes in Rock County, MN, factor in this permanent MIP cost alongside the tax shift for accurate budgeting.

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.