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Richland County FHA Loan Calculator

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

Loan Details

Richland County, MT Benchmarks

FHA averages
Typical Property Value$307,250
Average Down Payment13.6%
Average Interest Rate6.225%
Effective Tax Rate0.72%
Median Tax Paid$1,934/yr
Tax Growth (Historical)-3.0%
Based on 40 regional loans totaling $10,250,000 (HMDA database).
$
%

$41,786 down · $265,464 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$184 / month

$

Annual premium

$

Per month

%

$113 / month

Estimated Monthly Payment

$2,105/mo

  • Principal & Interest$1,658
  • Property Tax$184
  • Home Insurance$150
  • FHA MIP$113
Amortization · Remaining Balance

Financed Loan Amount

$270,110

Total Interest

$326,714

Total of Payments

$596,824

*Includes financed FHA Upfront MIP of $4,646

Local Market Insights

Richland County FHA Mortgage Overview

Richland County FHA buyers benefit from a 13.63% down payment, significantly below the national average, enabling accessible entry into a $307,250 market. However, with a high 86.37% Loan-to-Value ratio, mandatory Mortgage Insurance Premiums apply for the loan's life, ideal for those with sub-620 credit. The effective 0.72% property tax rate, coupled with a -3.0% inflation-adjusted decrease, enhances monthly affordability. When analyzing an FHA loan with PMI and taxes in Richland County, MT, this low tax burden offsets the permanent MIP cost, making the FHA loan limits in this area particularly favorable for primary residence buyers.

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.