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Lincoln County FHA Loan Calculator

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

Loan Details

Lincoln County, MN Benchmarks

FHA averages
Typical Property Value$192,692
Average Down Payment8.8%
Average Interest Rate6.736%
Effective Tax Rate0.90%
Median Tax Paid$1,574/yr
Tax Growth (Historical)+3.3%
Based on 13 regional loans totaling $2,045,000 (HMDA database).
$
%

$16,957 down · $175,735 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$145 / month

$

Annual premium

$

Per month

%

$75 / month

Estimated Monthly Payment

$1,528/mo

  • Principal & Interest$1,159
  • Property Tax$145
  • Home Insurance$150
  • FHA MIP$75
Amortization · Remaining Balance

Financed Loan Amount

$178,810

Total Interest

$238,276

Total of Payments

$417,086

*Includes financed FHA Upfront MIP of $3,075

Local Market Insights

Lincoln County FHA Mortgage Overview

For Lincoln County homebuyers, the 8.80% average down payment on an FHA loan provides accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the loan’s life—ideal for those with sub-620 credit. The 91.20% loan-to-value ratio confirms this, as most buyers purchase with minimal equity. With a 0.90% effective property tax rate and a recent 3.3% inflation-adjusted tax increase, monthly affordability tightens. Use an FHA loan calculator with PMI and taxes in Lincoln County, MN to see how these costs impact your budget. This data reflects 100% primary residences, not investments.

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.