Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Minnesota>Stevens County (FHA)

Stevens County FHA Loan Calculator

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

Loan Details

Stevens County, MN Benchmarks

FHA averages
Typical Property Value$191,667
Average Down Payment10.0%
Average Interest Rate6.646%
Effective Tax Rate0.82%
Median Tax Paid$1,634/yr
Tax Growth (Historical)+8.6%
Based on 6 regional loans totaling $1,030,000 (HMDA database).
$
%

$19,167 down · $172,500 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$131 / month

$

Annual premium

$

Per month

%

$73 / month

Estimated Monthly Payment

$1,481/mo

  • Principal & Interest$1,127
  • Property Tax$131
  • Home Insurance$150
  • FHA MIP$73
Amortization · Remaining Balance

Financed Loan Amount

$175,519

Total Interest

$230,118

Total of Payments

$405,637

*Includes financed FHA Upfront MIP of $3,019

Local Market Insights

Stevens County FHA Mortgage Overview

In Stevens County, the 9.98% average down payment on FHA loans provides accessible entry for buyers, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life regardless of equity. With a 90.02% LTV and 100% primary occupancy, this market favors owner-occupants. The 0.82% effective property tax rate, coupled with an 8.6% inflation-adjusted increase, directly raises monthly affordability. For those using an FHA mortgage framework with property taxes, the $191,667 average property value and 6.646% rate mean higher true costs. Understanding Stevens County FHA loan limits and tax impacts is crucial for budgeting.

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.