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Cavalier County FHA Loan Calculator

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

Loan Details
Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Cavalier County, ND Benchmarks

FHA averages
Typical Property Value$163,889
Average Down Payment3.6%
Average Interest Rate6.359%
Effective Tax Rate1.07%
$
%

$5,900 down · $157,989 financed

Estimated Monthly Payment

$1,371/mo

  • Principal & Interest$1,001
  • Property Tax$146
  • Home Insurance$150
  • FHA MIP$74
Amortization · Remaining Balance

Financed Loan Amount

$160,754

Total Interest

$199,721

Total of Payments

$360,474

*Includes financed FHA Upfront MIP of $2,765

Local Market Insights

Cavalier County FHA Mortgage Overview

In Cavalier County, the 3.58% weighted average down payment on an FHA loan provides highly accessible entry for owner-occupants, though mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan due to the 96.42% median Loan-to-Value ratio. This structure is ideal for buyers with sub-620 credit scores seeking primary residence financing. The effective 1.07% property tax rate, coupled with a recent 7.3% inflation-adjusted tax increase, directly elevates monthly affordability. When evaluating an FHA loan with PMI and taxes in Cavalier County, ND, the true cost must account for this permanent MIP, unlike conventional loans. Understanding Cavalier County FHA loan limits and property tax impacts is critical for accurate 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.