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Ward County FHA Loan Calculator

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

Loan Details

Ward County, ND Benchmarks

FHA averages
Typical Property Value$261,450
Average Down Payment7.2%
Average Interest Rate6.118%
Effective Tax Rate1.04%
Median Tax Paid$2,859/yr
Tax Growth (Historical)-0.4%
Based on 169 regional loans totaling $40,495,000 (HMDA database).
$
%

$18,824 down · $242,626 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$227 / month

$

Annual premium

$

Per month

%

$103 / month

Estimated Monthly Payment

$1,979/mo

  • Principal & Interest$1,499
  • Property Tax$227
  • Home Insurance$150
  • FHA MIP$103
Amortization · Remaining Balance

Financed Loan Amount

$246,872

Total Interest

$292,847

Total of Payments

$539,719

*Includes financed FHA Upfront MIP of $4,246

Local Market Insights

Ward County FHA Mortgage Overview

For Ward County homebuyers, the 7.17% weighted average down payment on an FHA loan is a strategic entry point, significantly lower than the conventional 20% threshold. However, this low equity (evidenced by the 92.83% median LTV) mandates FHA Mortgage Insurance Premiums (MIP) for the loan's life, a key factor when using an FHA loan calculator with PMI and taxes in Ward County, ND. The 1.04% effective property tax rate, combined with a -0.4% inflation-adjusted decline, provides slight monthly relief. For those exploring an FHA loan down payment calculator in Ward County, North Dakota, remember this data reflects 100% owner-occupied purchases, not investments. The 6.118% average rate and $261,449.70 property value make a Ward County FHA mortgage calculator with property taxes essential for true affordability, especially as MIP is permanent here, unlike conventional loans. Use a Ward County FHA loan limits and tax calculator to verify your specific scenario.

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.