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Foster County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Foster 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

Foster County, ND Benchmarks

FHA averages
Typical Property Value$141,000
Average Down Payment1.7%
Average Interest Rate6.375%
Effective Tax Rate0.72%
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FHA loans require a minimum 3.5% down payment.

Estimated Monthly Payment

$1,180/mo

  • Principal & Interest$880
  • Property Tax$85
  • Home Insurance$150
  • FHA MIP$65
Amortization · Remaining Balance

Financed Loan Amount

$141,029

Total Interest

$175,878

Total of Payments

$316,907

*Includes financed FHA Upfront MIP of $2,426

Local Market Insights

Foster County FHA Mortgage Overview

In Foster County, the dominant FHA loan type, paired with a 1.73% down payment and a 98.27% loan-to-value ratio, offers exceptional entry for buyers, particularly those with sub-620 credit scores. However, this low equity means FHA loans require mandatory Mortgage Insurance Premiums for the loan's life, a key factor when evaluating an FHA loan with PMI and taxes in Foster County, ND. The 0.72% effective property tax rate, combined with a -7.7% inflation-adjusted decline, reduces monthly burdens. For a $141,000 property, this low tax environment, when analyzing Foster County FHA loan limits and tax impacts, makes the true monthly affordability more favorable than in higher-tax regions, despite the permanent MIP.

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.