LaMoure County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

LaMoure County, ND Benchmarks

FHA averages

Typical Property Value$195,000

Average Down Payment8.0%

Average Interest Rate6.331%

Effective Tax Rate0.71%

Median Tax Paid$1,187/yr

Tax Growth (Historical)+0.8%

Based on 5 regional loans totaling $905,000 (HMDA database).

Home Price

Down Payment

$15,600 down · $179,400 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

$115 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$76 / month

Estimated Monthly Payment

$1,475/mo

Principal & Interest$1,133
Property Tax$115
Home Insurance$150
FHA MIP$76

Amortization · Remaining Balance

Financed Loan Amount

$182,540

Total Interest

$225,500

Total of Payments

$408,039

*Includes financed FHA Upfront MIP of $3,140

Local Market Insights

LaMoure County FHA Mortgage Overview

In LaMoure County, the 7.99% weighted average down payment on FHA loans provides accessible entry for buyers, but mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan due to the 92.01% LTV ratio. This structure is ideal for those with sub-620 credit scores seeking a primary residence. The 0.71% effective property tax rate, with a 0.8% inflation-adjusted increase, modestly impacts monthly affordability. For precise projections of FHA loan limits and taxes, consulting a local lender is recommended.

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.