Eddy County FHA Loan Calculator

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

Loan Details

Baseline

Rates

Taxes & Ins.

DTI

US County (Smart Autofill)

Loan Type

Credit Score (FICO)

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

Eddy County, ND Benchmarks

FHA averages

Typical Property Value$95,000

Average Down Payment12.3%

Average Interest Rate%

Effective Tax Rate0.67%

Home Price

Down Payment

$11,685 down · $83,315 financed

Estimated Monthly Payment

$788/mo

Principal & Interest$550
Property Tax$53
Home Insurance$150
FHA MIP$35

Amortization · Remaining Balance

Financed Loan Amount

$84,773

Total Interest

$113,168

Total of Payments

$197,941

*Includes financed FHA Upfront MIP of $1,458

Local Market Insights

Eddy County FHA Mortgage Overview

Eddy County’s FHA market shows a 12.29% down payment on a $95,000 property, making homeownership accessible with a low barrier to entry. However, since this is an FHA loan, the 87.71% LTV means mandatory Mortgage Insurance Premiums (MIP) will persist for the loan’s life, ideal for buyers with sub-620 credit. The 0.67% effective property tax rate is modest, but the 16.8% inflation-adjusted tax increase will raise monthly affordability. With 100% primary occupancy, this data reflects owner-occupied, not investment, purchases. For precise monthly costs, including MIP and taxes in Eddy County, ND, review local FHA loan limits and property tax impacts.

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.