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Todd County FHA Loan Calculator

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

Loan Details

Todd County, MN Benchmarks

FHA averages
Typical Property Value$221,104
Average Down Payment12.0%
Average Interest Rate6.628%
Effective Tax Rate0.95%
Median Tax Paid$1,982/yr
Tax Growth (Historical)+2.6%
Based on 77 regional loans totaling $14,355,000 (HMDA database).
$
%

$26,532 down · $194,572 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$175 / month

$

Annual premium

$

Per month

%

$82 / month

Estimated Monthly Payment

$1,676/mo

  • Principal & Interest$1,268
  • Property Tax$175
  • Home Insurance$150
  • FHA MIP$82
Amortization · Remaining Balance

Financed Loan Amount

$197,977

Total Interest

$258,619

Total of Payments

$456,595

*Includes financed FHA Upfront MIP of $3,405

Local Market Insights

Todd County FHA Mortgage Overview

In Todd County, the average FHA-backed homebuyer puts 12.03% down on a $221,103 property, a clear sign of accessible entry. However, with a high 87.97% loan-to-value ratio, mandatory Mortgage Insurance Premiums (MIP) apply for the life of the loan—ideal for those with sub-620 scores. This FHA loan down payment strategy in Todd County, Minnesota, is paired with a 0.95% effective tax rate, and a recent 2.6% inflation-adjusted tax increase, which directly raises monthly affordability. All data reflects 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.