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Morton County FHA Loan Calculator

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

Morton County, ND Benchmarks

FHA averages
Typical Property Value$300,098
Average Down Payment7.4%
Average Interest Rate6.116%
Effective Tax Rate1.00%
$
%

$22,207 down · $277,891 financed

Estimated Monthly Payment

$2,235/mo

  • Principal & Interest$1,717
  • Property Tax$250
  • Home Insurance$150
  • FHA MIP$118
Amortization · Remaining Balance

Financed Loan Amount

$282,754

Total Interest

$335,412

Total of Payments

$618,166

*Includes financed FHA Upfront MIP of $4,863

Local Market Insights

Morton County FHA Mortgage Overview

In Morton County, the 7.38% average down payment on FHA loans (with a 92.62% LTV) provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) remain for the loan's life—ideal for buyers with sub-620 credit. The effective 1.00% property tax rate, adjusted upward 1.7% for inflation, adds roughly $250 annually to costs. For those using an FHA loan with PMI and taxes in Morton County, ND, understanding these fixed MIP and tax shifts is critical for true monthly affordability. This data reflects 100% owner-occupied purchases, not investments.

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.