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Mineral County FHA Loan Calculator

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

Loan Details

Mineral County, NV Benchmarks

FHA averages
Typical Property Value$189,118
Average Down Payment7.3%
Average Interest Rate6.718%
Effective Tax Rate0.73%
Median Tax Paid$1,157/yr
Tax Growth (Historical)-8.8%
Based on 17 regional loans totaling $2,865,000 (HMDA database).
$
%

$13,806 down · $175,312 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$115 / month

$

Annual premium

$

Per month

%

$74 / month

Estimated Monthly Payment

$1,493/mo

  • Principal & Interest$1,153
  • Property Tax$115
  • Home Insurance$150
  • FHA MIP$74
Amortization · Remaining Balance

Financed Loan Amount

$178,380

Total Interest

$236,850

Total of Payments

$415,230

*Includes financed FHA Upfront MIP of $3,068

Local Market Insights

Mineral County FHA Mortgage Overview

For Mineral County homebuyers, the 7.26% average down payment on an FHA loan provides accessible entry, but note that Mortgage Insurance Premiums (MIP) is mandatory for the life of the loan, regardless of equity buildup. The 92.74% Loan-to-Value ratio confirms this is a low-equity, owner-occupied market (100% primary residences). The 0.73% effective property tax rate is modest, and the recent -8.8% inflation-adjusted tax change offers slight monthly relief. When evaluating an FHA loan with PMI and taxes in Mineral County, NV, or reviewing Mineral County FHA loan limits and tax impacts, this data confirms a low-risk, affordable entry point for standard buyers.

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.