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Cass County FHA Loan Calculator

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

Loan Details

Cass County, MN Benchmarks

FHA averages
Typical Property Value$285,448
Average Down Payment17.1%
Average Interest Rate6.448%
Effective Tax Rate0.56%
Median Tax Paid$1,615/yr
Tax Growth (Historical)+3.6%
Based on 67 regional loans totaling $15,145,000 (HMDA database).
$
%

$48,812 down · $236,636 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$133 / month

$

Annual premium

$

Per month

%

$100 / month

Estimated Monthly Payment

$1,898/mo

  • Principal & Interest$1,514
  • Property Tax$133
  • Home Insurance$150
  • FHA MIP$100
Amortization · Remaining Balance

Financed Loan Amount

$240,778

Total Interest

$304,251

Total of Payments

$545,029

*Includes financed FHA Upfront MIP of $4,141

Local Market Insights

Cass County FHA Mortgage Overview

In Cass County, the 17.05% average down payment on an FHA loan provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life, regardless of equity. With a median 82.95% loan-to-value ratio and 100% owner-occupied purchases, this market favors buyers with sub-620 credit scores seeking primary residences. The effective property tax rate of 0.56% is moderate, but the recent 3.6% inflation-adjusted tax increase will raise true monthly affordability. When assessing Cass County FHA mortgage payments with property taxes and MIP, factor in this ongoing cost shift.

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.