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McHenry County FHA Loan Calculator

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

Loan Details

McHenry County, ND Benchmarks

FHA averages
Typical Property Value$196,000
Average Down Payment8.4%
Average Interest Rate6.012%
Effective Tax Rate0.71%
Median Tax Paid$994/yr
Tax Growth (Historical)+1.6%
Based on 10 regional loans totaling $1,790,000 (HMDA database).
$
%

$16,464 down · $179,536 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$116 / month

$

Annual premium

$

Per month

%

$76 / month

Estimated Monthly Payment

$1,439/mo

  • Principal & Interest$1,096
  • Property Tax$116
  • Home Insurance$150
  • FHA MIP$76
Amortization · Remaining Balance

Financed Loan Amount

$182,678

Total Interest

$212,034

Total of Payments

$394,712

*Includes financed FHA Upfront MIP of $3,142

Local Market Insights

McHenry County FHA Mortgage Overview

In McHenry County, the 8.38% weighted average down payment on an FHA loan provides accessible entry, but the 91.62% LTV ratio confirms mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan—ideal for buyers with sub-620 credit scores. This 100% owner-occupied market sees an effective property tax rate of 0.71%, with a 1.6% inflation-adjusted tax shift that modestly increases true monthly affordability. For precise budgeting of your FHA loan with PMI and taxes in McHenry County, ND, note that the average property value of $196,000 at 6.012% interest creates a stable, low-risk profile for primary residences.

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.