Pope County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Pope County, MN Benchmarks

FHA averages

Typical Property Value$280,263

Average Down Payment17.1%

Average Interest Rate6.353%

Effective Tax Rate0.69%

Median Tax Paid$1,967/yr

Tax Growth (Historical)-0.4%

Based on 19 regional loans totaling $4,045,000 (HMDA database).

Home Price

Down Payment

$47,925 down · $232,338 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

$161 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$99 / month

Estimated Monthly Payment

$1,881/mo

Principal & Interest$1,471
Property Tax$161
Home Insurance$150
FHA MIP$99

Amortization · Remaining Balance

Financed Loan Amount

$236,404

Total Interest

$293,152

Total of Payments

$529,556

*Includes financed FHA Upfront MIP of $4,066

Local Market Insights

Pope County FHA Mortgage Overview

In Pope County, the 17.14% average down payment on FHA loans provides accessible entry, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life regardless of equity, ideal for buyers with sub-620 credit. The 82.86% loan-to-value ratio confirms this, with 100% of purchases as primary residences. Property taxes at 0.69% are low, and the -0.4% inflation-adjusted tax shift slightly reduces monthly costs, improving affordability when using an FHA loan calculator with PMI and taxes in Pope County, MN. This data aligns with Pope County FHA loan limits and tax considerations.

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.