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Yellow Medicine County FHA Loan Calculator

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

Loan Details

Yellow Medicine County, MN Benchmarks

FHA averages
Typical Property Value$156,250
Average Down Payment7.7%
Average Interest Rate6.506%
Effective Tax Rate0.96%
Median Tax Paid$1,606/yr
Tax Growth (Historical)+0.8%
Based on 16 regional loans totaling $2,260,000 (HMDA database).
$
%

$12,031 down · $144,219 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$125 / month

$

Annual premium

$

Per month

%

$61 / month

Estimated Monthly Payment

$1,265/mo

  • Principal & Interest$928
  • Property Tax$125
  • Home Insurance$150
  • FHA MIP$61
Amortization · Remaining Balance

Financed Loan Amount

$146,743

Total Interest

$187,510

Total of Payments

$334,252

*Includes financed FHA Upfront MIP of $2,524

Local Market Insights

Yellow Medicine County FHA Mortgage Overview

In Yellow Medicine County, the 7.69% average down payment on FHA loans creates accessible entry for owner-occupants, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 92.31% loan-to-value ratio. This structure suits buyers with sub-620 credit scores. The effective property tax rate of 0.96%, with a 0.8% inflation-adjusted increase, adds modest monthly cost. For those using an FHA loan calculator with PMI and taxes in Yellow Medicine County, MN, these figures confirm stable affordability despite permanent MIP. The weighted down payment and tax shift underscore a low-risk, high-occupancy market.

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.