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Beltrami County FHA Loan Calculator

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

Loan Details

Beltrami County, MN Benchmarks

FHA averages
Typical Property Value$264,474
Average Down Payment11.8%
Average Interest Rate6.461%
Effective Tax Rate0.80%
Median Tax Paid$2,309/yr
Tax Growth (Historical)+1.2%
Based on 57 regional loans totaling $12,915,000 (HMDA database).
$
%

$31,208 down · $233,266 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$176 / month

$

Annual premium

$

Per month

%

$99 / month

Estimated Monthly Payment

$1,919/mo

  • Principal & Interest$1,494
  • Property Tax$176
  • Home Insurance$150
  • FHA MIP$99
Amortization · Remaining Balance

Financed Loan Amount

$237,348

Total Interest

$300,479

Total of Payments

$537,827

*Includes financed FHA Upfront MIP of $4,082

Local Market Insights

Beltrami County FHA Mortgage Overview

Beltrami County FHA buyers benefit from an accessible 11.83% down payment on a $264,474 average property, but this triggers mandatory Mortgage Insurance Premiums (MIP) for the loan's life—a key factor for those with sub-620 credit. With an 88.17% loan-to-value ratio and 100% primary occupancy, this market suits owner-occupants. The 0.80% effective tax rate, adjusted 1.2% for inflation, adds roughly $211 monthly, impacting true affordability when evaluating an FHA loan with PMI and taxes. Understanding Beltrami County FHA loan limits and this tax shift is critical for accurate budgeting.

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.