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Blue Earth County FHA Loan Calculator

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

Loan Details

Blue Earth County, MN Benchmarks

FHA averages
Typical Property Value$263,889
Average Down Payment9.5%
Average Interest Rate6.430%
Effective Tax Rate0.96%
Median Tax Paid$2,601/yr
Tax Growth (Historical)+1.5%
Based on 126 regional loans totaling $29,520,000 (HMDA database).
$
%

$25,069 down · $238,820 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$211 / month

$

Annual premium

$

Per month

%

$101 / month

Estimated Monthly Payment

$1,987/mo

  • Principal & Interest$1,525
  • Property Tax$211
  • Home Insurance$150
  • FHA MIP$101
Amortization · Remaining Balance

Financed Loan Amount

$242,999

Total Interest

$305,911

Total of Payments

$548,910

*Includes financed FHA Upfront MIP of $4,179

Local Market Insights

Blue Earth County FHA Mortgage Overview

In Blue Earth County, the 9.53% down payment on an FHA loan provides accessible entry for owner-occupants, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 90.47% Loan-to-Value ratio. This structure suits buyers with sub-620 credit. The 0.96% effective property tax rate, adjusted upward by 1.5% for inflation, directly raises true monthly affordability. For a precise assessment of FHA loan down payments with PMI and taxes in Blue Earth County, MN, or to understand local FHA loan limits and tax impacts, this data confirms a stable, entry-level market focused on primary residences.

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.