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Clearwater County FHA Loan Calculator

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

Loan Details

Clearwater County, MN Benchmarks

FHA averages
Typical Property Value$226,333
Average Down Payment9.4%
Average Interest Rate6.606%
Effective Tax Rate0.69%
Median Tax Paid$1,295/yr
Tax Growth (Historical)-3.1%
Based on 15 regional loans totaling $3,045,000 (HMDA database).
$
%

$21,275 down · $205,058 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$130 / month

$

Annual premium

$

Per month

%

$87 / month

Estimated Monthly Payment

$1,701/mo

  • Principal & Interest$1,334
  • Property Tax$130
  • Home Insurance$150
  • FHA MIP$87
Amortization · Remaining Balance

Financed Loan Amount

$208,646

Total Interest

$271,563

Total of Payments

$480,210

*Includes financed FHA Upfront MIP of $3,589

Local Market Insights

Clearwater County FHA Mortgage Overview

In Clearwater County, the typical FHA buyer places 9.45% down on a $226,333 home. This low entry point is accessible, but note that FHA requires Mortgage Insurance Premiums (MIP) for the life of the loan, regardless of this 9.45% down payment—making it ideal for buyers with sub-620 credit. The 90.55% loan-to-value ratio confirms a high-leverage, owner-occupied market. The effective property tax rate of 0.69% is modest, and the recent -3.1% inflation-adjusted tax change slightly reduces monthly carrying costs. For those exploring an FHA loan with PMI and taxes in Clearwater County, MN, this combination of low down payment and stable tax burden supports true affordability.

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.