Pine County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Pine County, MN Benchmarks

FHA averages

Typical Property Value$284,388

Average Down Payment14.0%

Average Interest Rate6.536%

Effective Tax Rate0.83%

Median Tax Paid$2,068/yr

Tax Growth (Historical)+1.7%

Based on 98 regional loans totaling $22,190,000 (HMDA database).

Home Price

Down Payment

$39,814 down · $244,574 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

$197 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$104 / month

Estimated Monthly Payment

$2,030/mo

Principal & Interest$1,579
Property Tax$197
Home Insurance$150
FHA MIP$104

Amortization · Remaining Balance

Financed Loan Amount

$248,854

Total Interest

$319,758

Total of Payments

$568,612

*Includes financed FHA Upfront MIP of $4,280

Local Market Insights

Pine County FHA Mortgage Overview

In Pine County, the 13.99% average down payment on an FHA loan provides accessible entry for owner-occupants, though mandatory Mortgage Insurance Premiums (MIP) remain for the loan’s life regardless of equity. The 86.01% loan-to-value ratio confirms a low-risk profile for primary residences. With a 0.83% effective tax rate and a 1.7% inflation-adjusted increase, property taxes modestly impact monthly affordability. For buyers exploring FHA loan down payment scenarios in Pine County, Minnesota, these figures—alongside the 6.536% average rate—highlight how FHA loan limits and property taxes shape true costs.

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.