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Houston County FHA Loan Calculator

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

Loan Details

Houston County, MN Benchmarks

FHA averages
Typical Property Value$213,800
Average Down Payment11.5%
Average Interest Rate6.543%
Effective Tax Rate1.03%
Median Tax Paid$2,756/yr
Tax Growth (Historical)+1.5%
Based on 25 regional loans totaling $4,635,000 (HMDA database).
$
%

$24,587 down · $189,213 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$184 / month

$

Annual premium

$

Per month

%

$80 / month

Estimated Monthly Payment

$1,636/mo

  • Principal & Interest$1,222
  • Property Tax$184
  • Home Insurance$150
  • FHA MIP$80
Amortization · Remaining Balance

Financed Loan Amount

$192,524

Total Interest

$247,379

Total of Payments

$439,903

*Includes financed FHA Upfront MIP of $3,311

Local Market Insights

Houston County FHA Mortgage Overview

For Houston County homebuyers, the 11.51% 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 an 88.49% loan-to-value ratio and 100% primary occupancy, this data reflects standard owner-occupied purchases. The effective property tax rate of 1.03% on an average $213,800 property, coupled with a 1.5% inflation-adjusted tax increase, raises monthly affordability. When evaluating an FHA loan with PMI and taxes in Houston County, MN, these costs directly impact your budget. Understanding Houston County FHA loan limits and property taxes is essential for accurate financial planning.

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.