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Ramsey County FHA Loan Calculator

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

Loan Details

Ramsey County, ND Benchmarks

FHA averages
Typical Property Value$237,632
Average Down Payment9.7%
Average Interest Rate6.314%
Effective Tax Rate0.89%
Median Tax Paid$1,976/yr
Tax Growth (Historical)+3.8%
Based on 19 regional loans totaling $3,905,000 (HMDA database).
$
%

$23,050 down · $214,582 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$176 / month

$

Annual premium

$

Per month

%

$91 / month

Estimated Monthly Payment

$1,770/mo

  • Principal & Interest$1,353
  • Property Tax$176
  • Home Insurance$150
  • FHA MIP$91
Amortization · Remaining Balance

Financed Loan Amount

$218,337

Total Interest

$268,696

Total of Payments

$487,033

*Includes financed FHA Upfront MIP of $3,755

Local Market Insights

Ramsey County FHA Mortgage Overview

In Ramsey County, the 9.70% weighted average down payment for FHA loans provides accessible entry for buyers with sub-620 credit scores, though it triggers mandatory Mortgage Insurance Premiums (MIP) for the life of the loan. The 90.30% median Loan-to-Value (LTV) ratio confirms minimal equity, reinforcing that MIP will never cancel. For an FHA loan down payment analysis in Ramsey County, North Dakota, the effective property tax rate of 0.89% adds $2,115 annually on the average $237,631.58 home. However, the 3.8% inflation-adjusted tax increase will gradually raise monthly obligations, impacting true affordability when evaluating an FHA mortgage with property taxes and PMI in Ramsey County, ND. This data reflects 100% primary occupancy, 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.