Morton County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Morton County, ND Benchmarks

FHA averages

Typical Property Value$300,098

Average Down Payment7.4%

Average Interest Rate6.116%

Effective Tax Rate1.00%

Median Tax Paid$2,686/yr

Tax Growth (Historical)+1.7%

Based on 102 regional loans totaling $28,080,000 (HMDA database).

Home Price

Down Payment

$22,207 down · $277,891 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

$250 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$118 / month

Estimated Monthly Payment

$2,235/mo

Principal & Interest$1,717
Property Tax$250
Home Insurance$150
FHA MIP$118

Amortization · Remaining Balance

Financed Loan Amount

$282,754

Total Interest

$335,412

Total of Payments

$618,166

*Includes financed FHA Upfront MIP of $4,863

Local Market Insights

Morton County FHA Mortgage Overview

In Morton County, the 7.38% average down payment on FHA loans (with a 92.62% LTV) provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) remain for the loan's life—ideal for buyers with sub-620 credit. The effective 1.00% property tax rate, adjusted upward 1.7% for inflation, adds roughly $250 annually to costs. For those using an FHA loan with PMI and taxes in Morton County, ND, understanding these fixed MIP and tax shifts is critical for true monthly affordability. This data reflects 100% owner-occupied purchases, 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.