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Douglas County FHA Loan Calculator

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

Loan Details
Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Douglas County, MN Benchmarks

FHA averages
Typical Property Value$330,970
Average Down Payment15.2%
Average Interest Rate6.411%
Effective Tax Rate0.84%
$
%

$50,307 down · $280,663 financed

Estimated Monthly Payment

$2,289/mo

  • Principal & Interest$1,788
  • Property Tax$232
  • Home Insurance$150
  • FHA MIP$119
Amortization · Remaining Balance

Financed Loan Amount

$285,574

Total Interest

$358,161

Total of Payments

$643,735

*Includes financed FHA Upfront MIP of $4,912

Local Market Insights

Douglas County FHA Mortgage Overview

For Douglas County homebuyers, the 15.23% average down payment on an FHA loan (with an 84.77% LTV) provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life—ideal for those with sub-620 credit. The 0.84% effective property tax rate, with a recent 3.1% inflation-adjusted increase, adds to monthly costs. When assessing true affordability for an FHA loan with PMI and taxes in Douglas County, MN, or reviewing Douglas County FHA loan limits, this tax shift must be factored into your budget. All data reflects 100% primary residences, not investments.

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.