Hubbard County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Hubbard County, MN Benchmarks

FHA averages

Typical Property Value$267,295

Average Down Payment15.9%

Average Interest Rate6.315%

Effective Tax Rate0.74%

Median Tax Paid$2,217/yr

Tax Growth (Historical)+3.0%

Based on 61 regional loans totaling $12,975,000 (HMDA database).

Home Price

Down Payment

$42,500 down · $224,795 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$165 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$95 / month

Estimated Monthly Payment

$1,829/mo

Principal & Interest$1,419
Property Tax$165
Home Insurance$150
FHA MIP$95

Amortization · Remaining Balance

Financed Loan Amount

$228,729

Total Interest

$282,022

Total of Payments

$510,751

*Includes financed FHA Upfront MIP of $3,934

Local Market Insights

Hubbard County FHA Mortgage Overview

For Hubbard County homebuyers using an FHA loan, the 15.88% down payment on a $267,295 property offers accessible entry but mandates Mortgage Insurance Premiums (MIP) for the loan's life, regardless of equity. With an 84.12% loan-to-value ratio, this structure is ideal for those with sub-620 credit scores. The 0.74% effective property tax rate, adjusted upward by 3.0% for inflation, directly increases true monthly affordability. This data reflects 100% owner-occupied purchases, not investments, highlighting a stable local market for those exploring Hubbard County FHA loan limits and tax implications.

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.