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Kidder County FHA Loan Calculator

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

Loan Details

Kidder County, ND Benchmarks

FHA averages
Typical Property Value$203,000
Average Down Payment7.3%
Average Interest Rate6.063%
Effective Tax Rate0.57%
Median Tax Paid$903/yr
Tax Growth (Historical)-3.7%
Based on 5 regional loans totaling $925,000 (HMDA database).
$
%

$14,819 down · $188,181 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$96 / month

$

Annual premium

$

Per month

%

$80 / month

Estimated Monthly Payment

$1,482/mo

  • Principal & Interest$1,155
  • Property Tax$96
  • Home Insurance$150
  • FHA MIP$80
Amortization · Remaining Balance

Financed Loan Amount

$191,474

Total Interest

$224,463

Total of Payments

$415,937

*Includes financed FHA Upfront MIP of $3,293

Local Market Insights

Kidder County FHA Mortgage Overview

Kidder County homebuyers utilizing FHA financing are accessing the market with a modest 7.25% down payment on a $203,000 average property, making entry highly achievable. The 92.75% loan-to-value ratio confirms minimal equity, and with FHA loans, the mandatory Mortgage Insurance Premium (MIP) remains for the loan's life, regardless of this down payment—ideal for those with sub-620 credit scores targeting primary residences. The effective property tax rate of 0.57% is low, and the recent -3.7% inflation-adjusted tax shift further eases monthly affordability. When assessing an FHA loan down payment in Kidder County, North Dakota, remember MIP and property taxes are permanent costs, making these local FHA mortgage parameters crucial for budgeting.

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.