Marshall County FHA Loan Calculator

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

Loan Details

Baseline

Rates

Taxes & Ins.

DTI

US County (Smart Autofill)

Loan Type

Credit Score (FICO)

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

Marshall County, MN Benchmarks

FHA averages

Typical Property Value$175,370

Average Down Payment7.7%

Average Interest Rate6.661%

Effective Tax Rate0.82%

Home Price

Down Payment

$13,503 down · $161,867 financed

Estimated Monthly Payment

$1,397/mo

Principal & Interest$1,058
Property Tax$120
Home Insurance$150
FHA MIP$69

Amortization · Remaining Balance

Financed Loan Amount

$164,699

Total Interest

$216,325

Total of Payments

$381,024

*Includes financed FHA Upfront MIP of $2,833

Local Market Insights

Marshall County FHA Mortgage Overview

For Marshall County homebuyers, the 7.71% average down payment on FHA loans provides accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the loan's life—ideal for those with sub-620 credit. The 92.29% median loan-to-value ratio confirms low equity at closing. With a 0.82% property tax rate and a recent 0.4% inflation-adjusted increase, monthly affordability is modestly impacted. When evaluating an FHA loan with PMI and taxes in Marshall County, MN, these factors shape true costs. 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.