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

US County (Smart Autofill)

Loan Type

Kittson County, MN Benchmarks

FHA averages

Typical Property Value$211,000

Average Down Payment3.9%

Average Interest Rate6.455%

Effective Tax Rate0.81%

Median Tax Paid$1,239/yr

Tax Growth (Historical)-2.4%

Based on 5 regional loans totaling $1,035,000 (HMDA database).

Home Price

Down Payment

$8,229 down · $202,771 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

$142 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$95 / month

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.