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Barnes County FHA Loan Calculator

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

Loan Details

Barnes County, ND Benchmarks

FHA averages
Typical Property Value$185,667
Average Down Payment8.4%
Average Interest Rate6.289%
Effective Tax Rate0.86%
Median Tax Paid$1,796/yr
Tax Growth (Historical)-5.4%
Based on 15 regional loans totaling $2,535,000 (HMDA database).
$
%

$15,596 down · $170,071 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$133 / month

$

Annual premium

$

Per month

%

$72 / month

Estimated Monthly Payment

$1,425/mo

  • Principal & Interest$1,070
  • Property Tax$133
  • Home Insurance$150
  • FHA MIP$72
Amortization · Remaining Balance

Financed Loan Amount

$173,047

Total Interest

$212,148

Total of Payments

$385,195

*Includes financed FHA Upfront MIP of $2,976

Local Market Insights

Barnes County FHA Mortgage Overview

In Barnes County, the 8.40% average down payment for FHA loans provides accessible entry for primary residence buyers, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life due to the 91.60% LTV ratio. The effective property tax rate of 0.86% is moderate, and the recent -5.4% inflation-adjusted tax shift slightly reduces monthly affordability. For those using an FHA loan down payment in Barnes County, North Dakota, this combination of low entry costs and stable taxes is favorable. When evaluating an FHA mortgage with property taxes, note that MIP persists regardless of equity, making this ideal for buyers with sub-620 credit scores in Barnes County.

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.