Roseau County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Roseau County, MN Benchmarks

FHA averages

Typical Property Value$197,308

Average Down Payment6.0%

Average Interest Rate6.469%

Effective Tax Rate0.94%

Median Tax Paid$1,779/yr

Tax Growth (Historical)+5.0%

Based on 65 regional loans totaling $11,695,000 (HMDA database).

Home Price

Down Payment

$11,838 down · $185,470 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

$155 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$79 / month

Estimated Monthly Payment

$1,572/mo

Principal & Interest$1,189
Property Tax$155
Home Insurance$150
FHA MIP$79

Amortization · Remaining Balance

Financed Loan Amount

$188,715

Total Interest

$239,356

Total of Payments

$428,072

*Includes financed FHA Upfront MIP of $3,246

Local Market Insights

Roseau County FHA Mortgage Overview

For Roseau County homebuyers, the 6.03% down payment on an FHA loan provides accessible entry, but note the required Mortgage Insurance Premium (MIP) is for the loan's life due to the 93.97% Loan-to-Value ratio. This data, reflecting 100% primary residences, suits buyers with sub-620 credit. The 0.94% effective property tax rate, adjusted 5.0% for inflation, adds to monthly affordability considerations. When evaluating an FHA loan down payment with PMI and taxes in Roseau County, Minnesota, or reviewing FHA loan limits and tax impacts, this high-LTV profile ensures low upfront cost but permanent MIP.

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.