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Oliver County FHA Loan Calculator

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

Loan Details

Oliver County, ND Benchmarks

FHA averages
Typical Property Value$199,000
Average Down Payment4.2%
Average Interest Rate6.110%
Effective Tax Rate0.50%
Median Tax Paid$1,343/yr
Tax Growth (Historical)-4.4%
Based on 5 regional loans totaling $955,000 (HMDA database).
$
%

$8,358 down · $190,642 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$83 / month

$

Annual premium

$

Per month

%

$89 / month

Estimated Monthly Payment

$1,499/mo

  • Principal & Interest$1,177
  • Property Tax$83
  • Home Insurance$150
  • FHA MIP$89
Amortization · Remaining Balance

Financed Loan Amount

$193,978

Total Interest

$229,652

Total of Payments

$423,630

*Includes financed FHA Upfront MIP of $3,336

Local Market Insights

Oliver County FHA Mortgage Overview

In Oliver County, ND, the 4.22% down payment on an FHA loan provides accessible entry for owner-occupants, but requires mandatory MIP for the loan's life—ideal for buyers with sub-620 credit scores. The 95.78% LTV ratio confirms minimal equity at purchase. The effective property tax rate of 0.50%, combined with a -4.4% inflation-adjusted tax change, reduces monthly carrying costs, enhancing affordability when using an FHA mortgage with property taxes. This data, reflecting 100% primary residency, shows a low-risk profile for local homebuyers.

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.