Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Minnesota>Chisago County (FHA)

Chisago County FHA Loan Calculator

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

Loan Details

Chisago County, MN Benchmarks

FHA averages
Typical Property Value$359,396
Average Down Payment10.9%
Average Interest Rate6.319%
Effective Tax Rate1.02%
Median Tax Paid$3,780/yr
Tax Growth (Historical)0.0%
Based on 207 regional loans totaling $65,255,000 (HMDA database).
$
%

$39,174 down · $320,222 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$305 / month

$

Annual premium

$

Per month

%

$136 / month

Estimated Monthly Payment

$2,612/mo

  • Principal & Interest$2,021
  • Property Tax$305
  • Home Insurance$150
  • FHA MIP$136
Amortization · Remaining Balance

Financed Loan Amount

$325,826

Total Interest

$401,742

Total of Payments

$727,568

*Includes financed FHA Upfront MIP of $5,604

Local Market Insights

Chisago County FHA Mortgage Overview

For Chisago County homebuyers exploring FHA financing, the local data reveals a market favoring accessible entry. The 10.87% average down payment aligns with FHA’s low-barrier profile, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life, regardless of this equity stake. With an 89.13% median loan-to-value ratio and 100% primary occupancy, this is a standard owner-occupied market. The 6.319% average interest rate and 1.02% property tax rate (with a 0.0% inflation-adjusted shift) mean stable monthly costs when using an FHA mortgage tool factoring in PMI and taxes. Buyers should budget for MIP as a permanent expense, unlike conventional loans. The $359,396 average property value sits well within FHA loan limits for Chisago County, Minnesota.

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.