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McKenzie County FHA Loan Calculator

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

Loan Details

McKenzie County, ND Benchmarks

FHA averages
Typical Property Value$391,000
Average Down Payment4.7%
Average Interest Rate6.392%
Effective Tax Rate0.43%
Median Tax Paid$1,491/yr
Tax Growth (Historical)-1.8%
Based on 85 regional loans totaling $30,575,000 (HMDA database).
$
%

$18,377 down · $372,623 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$140 / month

$

Annual premium

$

Per month

%

$174 / month

Estimated Monthly Payment

$2,833/mo

  • Principal & Interest$2,369
  • Property Tax$140
  • Home Insurance$150
  • FHA MIP$174
Amortization · Remaining Balance

Financed Loan Amount

$379,144

Total Interest

$473,727

Total of Payments

$852,871

*Includes financed FHA Upfront MIP of $6,521

Local Market Insights

McKenzie County FHA Mortgage Overview

For McKenzie County homebuyers, an FHA loan with a 4.65% down payment on a $391,000 property means accessible entry but mandatory Mortgage Insurance Premiums (MIP) for the loan’s life, unlike conventional loans. The 95.35% Loan-to-Value (LTV) ratio reinforces this, making it ideal for those with sub-620 credit. The effective property tax rate of 0.43% is low, and the -1.8% inflation-adjusted tax change slightly reduces true monthly costs. When using an FHA loan down payment tool in McKenzie County, ND, remember MIP adds to your payment. Primary occupancy is 100%, so this data reflects owner-occupied homes, not investments.

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.