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Le Sueur County FHA Loan Calculator

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

Loan Details

Le Sueur County, MN Benchmarks

FHA averages
Typical Property Value$284,634
Average Down Payment10.3%
Average Interest Rate6.368%
Effective Tax Rate0.98%
Median Tax Paid$3,366/yr
Tax Growth (Historical)+4.7%
Based on 82 regional loans totaling $20,550,000 (HMDA database).
$
%

$29,317 down · $255,317 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$232 / month

$

Annual premium

$

Per month

%

$108 / month

Estimated Monthly Payment

$2,111/mo

  • Principal & Interest$1,620
  • Property Tax$232
  • Home Insurance$150
  • FHA MIP$108
Amortization · Remaining Balance

Financed Loan Amount

$259,785

Total Interest

$323,368

Total of Payments

$583,153

*Includes financed FHA Upfront MIP of $4,468

Local Market Insights

Le Sueur County FHA Mortgage Overview

Le Sueur County FHA buyers benefit from accessible entry with a 10.30% down payment, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life, ideal for those with sub-620 credit. The 89.70% LTV and 100% owner-occupancy confirm a stable market. At 6.368%, the average rate on a $284,634 property yields a manageable monthly payment. However, the 0.98% effective tax rate, with a 4.7% inflation-adjusted increase, adds material cost. For accurate budgeting, consider FHA loan down payment and tax impacts in Le Sueur County, MN, including PMI and property taxes.

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.