Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>North Dakota>Renville County (FHA)

Renville County FHA Loan Calculator

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

Loan Details

Renville County, ND Benchmarks

FHA averages
Typical Property Value$220,000
Average Down Payment11.1%
Average Interest Rate6.162%
Effective Tax Rate0.66%
Median Tax Paid$1,128/yr
Tax Growth (Historical)-1.2%
Based on 4 regional loans totaling $790,000 (HMDA database).
$
%

$24,420 down · $195,580 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$121 / month

$

Annual premium

$

Per month

%

$83 / month

Estimated Monthly Payment

$1,568/mo

  • Principal & Interest$1,214
  • Property Tax$121
  • Home Insurance$150
  • FHA MIP$83
Amortization · Remaining Balance

Financed Loan Amount

$199,003

Total Interest

$237,918

Total of Payments

$436,921

*Includes financed FHA Upfront MIP of $3,423

Local Market Insights

Renville County FHA Mortgage Overview

In Renville County, the 11.09% down payment on an FHA loan provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan, regardless of equity. With an 88.91% loan-to-value ratio, this structure favors buyers with sub-620 credit scores seeking primary residences. The effective property tax rate of 0.66% is modest, and the recent -1.2% inflation-adjusted tax change slightly improves true monthly affordability. When evaluating an FHA loan down payment in Renville County, North Dakota, consider that the 6.162% interest rate and property taxes create a predictable payment, ideal for those using an FHA mortgage with property taxes.

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.