Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Minnesota>Kandiyohi County (FHA)

Kandiyohi County FHA Loan Calculator

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

Loan Details

Kandiyohi County, MN Benchmarks

FHA averages
Typical Property Value$248,495
Average Down Payment10.3%
Average Interest Rate6.371%
Effective Tax Rate0.91%
Median Tax Paid$2,492/yr
Tax Growth (Historical)+5.5%
Based on 103 regional loans totaling $21,865,000 (HMDA database).
$
%

$25,595 down · $222,900 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$188 / month

$

Annual premium

$

Per month

%

$95 / month

Estimated Monthly Payment

$1,847/mo

  • Principal & Interest$1,414
  • Property Tax$188
  • Home Insurance$150
  • FHA MIP$95
Amortization · Remaining Balance

Financed Loan Amount

$226,801

Total Interest

$282,311

Total of Payments

$509,112

*Includes financed FHA Upfront MIP of $3,901

Local Market Insights

Kandiyohi County FHA Mortgage Overview

For Kandiyohi County homebuyers, the 10.26% average down payment on an FHA loan provides accessible entry, but the mandatory Mortgage Insurance Premium (MIP) lasts the loan’s life regardless of equity. With a high 89.74% loan-to-value ratio and 100% owner-occupancy, this data reflects standard buyers, not investors. The 0.91% effective property tax rate is moderate, yet the 5.5% inflation-adjusted tax increase adds to monthly affordability pressure. When evaluating an FHA loan with PMI and taxes in Kandiyohi County, MN, remember the 6.371% interest rate and $248,495 average property value. This combination makes FHA ideal for buyers with sub-620 credit seeking lower initial costs, but the long-term MIP and rising taxes require careful budget 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.