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Griggs County FHA Loan Calculator

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

Loan Details

Griggs County, ND Benchmarks

FHA averages
Typical Property Value$176,667
Average Down Payment6.5%
Average Interest Rate6.312%
Effective Tax Rate0.44%
Median Tax Paid$1,084/yr
Tax Growth (Historical)-9.5%
Based on 6 regional loans totaling $1,000,000 (HMDA database).
$
%

$11,483 down · $165,184 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$65 / month

$

Annual premium

$

Per month

%

$70 / month

Estimated Monthly Payment

$1,326/mo

  • Principal & Interest$1,041
  • Property Tax$65
  • Home Insurance$150
  • FHA MIP$70
Amortization · Remaining Balance

Financed Loan Amount

$168,074

Total Interest

$206,841

Total of Payments

$374,915

*Includes financed FHA Upfront MIP of $2,891

Local Market Insights

Griggs County FHA Mortgage Overview

Griggs County FHA buyers benefit from a 6.53% down payment, far below the conventional 20% threshold, making homeownership accessible. However, mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 93.47% LTV ratio, a key factor when evaluating FHA loan down payment options. With a 0.44% effective tax rate and a -9.5% inflation-adjusted tax decline, monthly affordability improves. The $176,666 average property value and 6.312% interest rate, combined with property taxes and MIP, define true costs for owner-occupied homes in this market. Understanding Griggs County FHA loan limits and these tax impacts is essential 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.