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Mountrail County FHA Loan Calculator

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

Loan Details

Mountrail County, ND Benchmarks

FHA averages
Typical Property Value$233,333
Average Down Payment6.3%
Average Interest Rate6.372%
Effective Tax Rate0.41%
Median Tax Paid$1,209/yr
Tax Growth (Historical)+0.1%
Based on 24 regional loans totaling $5,110,000 (HMDA database).
$
%

$14,700 down · $218,633 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$80 / month

$

Annual premium

$

Per month

%

$93 / month

Estimated Monthly Payment

$1,710/mo

  • Principal & Interest$1,387
  • Property Tax$80
  • Home Insurance$150
  • FHA MIP$93
Amortization · Remaining Balance

Financed Loan Amount

$222,459

Total Interest

$276,907

Total of Payments

$499,366

*Includes financed FHA Upfront MIP of $3,826

Local Market Insights

Mountrail County FHA Mortgage Overview

For Mountrail County homebuyers using an FHA loan, the 6.30% weighted average down payment provides accessible entry, but note that this 93.70% loan-to-value ratio requires mandatory Mortgage Insurance Premiums (MIP) for the life of the loan—ideal for those with sub-620 credit scores. With a 100% primary occupancy rate, this data reflects standard owner-occupied purchases. The 0.41% effective property tax rate remains low, though the 0.1% inflation-adjusted shift slightly increases true monthly affordability. When evaluating an FHA loan down payment with PMI and taxes in Mountrail County, ND, the average 6.372% interest rate on a $233,333 property underscores the need to factor in MIP and property taxes for a complete monthly cost picture.

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.