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Washington County FHA Loan Calculator

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

Loan Details

Washington County, MN Benchmarks

FHA averages
Typical Property Value$399,205
Average Down Payment9.7%
Average Interest Rate6.211%
Effective Tax Rate0.94%
Median Tax Paid$4,164/yr
Tax Growth (Historical)+0.7%
Based on 586 regional loans totaling $203,940,000 (HMDA database).
$
%

$38,723 down · $360,482 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$313 / month

$

Annual premium

$

Per month

%

$153 / month

Estimated Monthly Payment

$2,864/mo

  • Principal & Interest$2,249
  • Property Tax$313
  • Home Insurance$150
  • FHA MIP$153
Amortization · Remaining Balance

Financed Loan Amount

$366,791

Total Interest

$442,799

Total of Payments

$809,589

*Includes financed FHA Upfront MIP of $6,308

Local Market Insights

Washington County FHA Mortgage Overview

Washington County FHA buyers benefit from a low 9.71% down payment against a $399,205 average property value, providing accessible entry. However, with a 90.29% LTV, mandatory MIP remains for the loan's life, essential for those with sub-620 credit. The 0.94% effective tax rate, adjusted upward 0.7% for inflation, adds to monthly costs. For an FHA loan with PMI and taxes in Washington County, MN, this data shows true affordability hinges on factoring in these recurring expenses alongside the down payment.

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.