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Swift County FHA Loan Calculator

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

Loan Details

Swift County, MN Benchmarks

FHA averages
Typical Property Value$145,741
Average Down Payment5.8%
Average Interest Rate6.541%
Effective Tax Rate0.80%
Median Tax Paid$1,386/yr
Tax Growth (Historical)+6.9%
Based on 27 regional loans totaling $3,585,000 (HMDA database).
$
%

$8,453 down · $137,288 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$97 / month

$

Annual premium

$

Per month

%

$58 / month

Estimated Monthly Payment

$1,192/mo

  • Principal & Interest$887
  • Property Tax$97
  • Home Insurance$150
  • FHA MIP$58
Amortization · Remaining Balance

Financed Loan Amount

$139,691

Total Interest

$179,492

Total of Payments

$319,182

*Includes financed FHA Upfront MIP of $2,403

Local Market Insights

Swift County FHA Mortgage Overview

For Swift County homebuyers, the 5.82% FHA down payment on an average $145,741 property offers accessible entry, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life given the 94.18% LTV. This FHA structure suits those with sub-620 credit scores. The 0.80% effective property tax rate, with a recent 6.9% inflation-adjusted increase, directly raises monthly affordability. When evaluating an FHA loan with PMI and taxes in Swift County, MN, or an FHA down payment in Swift County, Minnesota, note that this data reflects 100% primary occupancy, 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.