Mineral County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Mineral County, MT Benchmarks

FHA averages

Typical Property Value$415,345

Average Down Payment18.0%

Average Interest Rate6.130%

Effective Tax Rate0.50%

Median Tax Paid$1,758/yr

Tax Growth (Historical)-1.3%

Based on 29 regional loans totaling $9,055,000 (HMDA database).

Home Price

Down Payment

$74,762 down · $340,583 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

$173 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$144 / month

Estimated Monthly Payment

$2,574/mo

Principal & Interest$2,107
Property Tax$173
Home Insurance$150
FHA MIP$144

Amortization · Remaining Balance

Financed Loan Amount

$346,543

Total Interest

$411,888

Total of Payments

$758,431

*Includes financed FHA Upfront MIP of $5,960

Local Market Insights

Mineral County FHA Mortgage Overview

For Mineral County homebuyers using an FHA loan, the average 18.01% down payment on a $415,345 property provides accessible entry, but note that FHA Mortgage Insurance Premiums (MIP) are required for the loan’s life regardless of this equity level. The 81.99% loan-to-value ratio and 100% owner-occupancy confirm this is a primary residence market. The 0.50% effective property tax rate, with a recent -1.3% inflation-adjusted decrease, slightly improves monthly affordability. When considering an FHA mortgage with PMI and property taxes in Mineral County, MT, remember that MIP is permanent, making this ideal for buyers with sub-620 credit scores who prioritize lower down payments over long-term insurance 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.