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Kittson County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Kittson 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

Kittson County, MN Benchmarks

FHA averages
Typical Property Value$211,000
Average Down Payment3.9%
Average Interest Rate6.455%
Effective Tax Rate0.81%
$
%

$8,229 down · $202,771 financed

Estimated Monthly Payment

$1,686/mo

  • Principal & Interest$1,299
  • Property Tax$142
  • Home Insurance$150
  • FHA MIP$95
Amortization · Remaining Balance

Financed Loan Amount

$206,319

Total Interest

$261,197

Total of Payments

$467,516

*Includes financed FHA Upfront MIP of $3,548

Local Market Insights

Kittson County FHA Mortgage Overview

For Kittson County homebuyers, an FHA loan with a 3.89% down payment on a $211,000 property offers accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 96.11% loan-to-value ratio. This is ideal for buyers with a sub-620 credit score. The 0.81% effective property tax rate, combined with a -2.4% inflation-adjusted tax decrease, slightly improves monthly affordability. When evaluating an FHA loan with PMI and taxes in Kittson County, MN, this low down payment structure and favorable tax shift create a stable, owner-occupied market with modest risk.

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.