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Renville County FHA Loan Calculator

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

Loan Details

Renville County, MN Benchmarks

FHA averages
Typical Property Value$175,222
Average Down Payment11.0%
Average Interest Rate6.694%
Effective Tax Rate1.01%
Median Tax Paid$1,691/yr
Tax Growth (Historical)+6.3%
Based on 45 regional loans totaling $6,885,000 (HMDA database).
$
%

$19,274 down · $155,948 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$147 / month

$

Annual premium

$

Per month

%

$66 / month

Estimated Monthly Payment

$1,386/mo

  • Principal & Interest$1,023
  • Property Tax$147
  • Home Insurance$150
  • FHA MIP$66
Amortization · Remaining Balance

Financed Loan Amount

$158,677

Total Interest

$209,551

Total of Payments

$368,227

*Includes financed FHA Upfront MIP of $2,729

Local Market Insights

Renville County FHA Mortgage Overview

In Renville County, the weighted average down payment of 10.98% for FHA loans, paired with an 89.02% LTV ratio, provides accessible entry for buyers, particularly those with sub-620 credit scores. However, this FHA structure mandates Mortgage Insurance Premiums (MIP) for the loan’s life, a key consideration when using an FHA loan calculator with PMI and taxes in Renville County, MN. The effective property tax rate of 1.01%, combined with a 6.3% inflation-adjusted tax increase, directly impacts monthly affordability. With 100% primary occupancy, this data reflects standard homebuyers, not investors. For precise budgeting, an FHA loan down payment calculator in Renville County, Minnesota, or a Renville County FHA mortgage calculator with property taxes should account for permanent MIP and rising tax burdens.

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.