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Grant County FHA Loan Calculator

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

Loan Details

Grant County, ND Benchmarks

FHA averages
Typical Property Value$105,000
Average Down Payment-44.4%
Average Interest Rate%
Effective Tax Rate0.60%
Median Tax Paid$845/yr
Tax Growth (Historical)-2.5%
Based on 1 regional loans totaling $155,000 (HMDA database).
$
%

-$46,620 down · $151,620 financed

FHA loans require a minimum of 3.5% down payment (or matching dollar amount).

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$53 / month

$

Annual premium

$

Per month

%

$71 / month

Estimated Monthly Payment

$1,274/mo

  • Principal & Interest$1,001
  • Property Tax$53
  • Home Insurance$150
  • FHA MIP$71
Amortization · Remaining Balance

Financed Loan Amount

$154,273

Total Interest

$205,948

Total of Payments

$360,221

*Includes financed FHA Upfront MIP of $2,653

Local Market Insights

Grant County FHA Mortgage Overview

In Grant County, ND, the -44.41% weighted average down payment for FHA loans reflects a market where buyers are financing more than the property’s value, often rolling in closing costs. This accessible entry point is ideal for those with sub-620 credit scores, but note that FHA Mortgage Insurance Premiums (MIP) are required for the loan’s life, regardless of equity. With a 144.41% loan-to-value ratio, this data confirms 100% owner-occupied purchases. The 0.60% effective property tax rate, recently adjusted -2.5% for inflation, keeps monthly costs stable for Grant County FHA loan limits and tax considerations.

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.