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Adams County FHA Loan Calculator

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

Loan Details

Adams County, ND Benchmarks

FHA averages
Typical Property Value$187,500
Average Down Payment6.5%
Average Interest Rate5.913%
Effective Tax Rate0.64%
Median Tax Paid$1,130/yr
Tax Growth (Historical)-0.9%
Based on 4 regional loans totaling $710,000 (HMDA database).
$
%

$12,188 down · $175,313 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$100 / month

$

Annual premium

$

Per month

%

$74 / month

Estimated Monthly Payment

$1,384/mo

  • Principal & Interest$1,059
  • Property Tax$100
  • Home Insurance$150
  • FHA MIP$74
Amortization · Remaining Balance

Financed Loan Amount

$178,380

Total Interest

$202,925

Total of Payments

$381,305

*Includes financed FHA Upfront MIP of $3,068

Local Market Insights

Adams County FHA Mortgage Overview

In Adams County, the FHA loan's 6.55% down payment offers accessible entry, but the 93.45% loan-to-value ratio means mandatory Mortgage Insurance Premiums (MIP) for the loan's life, ideal for buyers with sub-620 credit. For an FHA loan down payment analysis, this low barrier is offset by the permanent MIP cost. The 0.64% property tax rate, with a recent -0.9% inflation-adjusted decrease, provides slight monthly relief. This data, reflecting 100% primary residences, shows that integrating property taxes into an FHA mortgage analysis reveals stable long-term affordability despite the MIP requirement.

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.