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Ransom County FHA Loan Calculator

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

Ransom County, ND Benchmarks

FHA averages
Typical Property Value$185,833
Average Down Payment12.9%
Average Interest Rate6.258%
Effective Tax Rate0.91%
$
%

$23,972 down · $161,861 financed

Estimated Monthly Payment

$1,375/mo

  • Principal & Interest$1,015
  • Property Tax$141
  • Home Insurance$150
  • FHA MIP$69
Amortization · Remaining Balance

Financed Loan Amount

$164,693

Total Interest

$200,748

Total of Payments

$365,441

*Includes financed FHA Upfront MIP of $2,833

Local Market Insights

Ransom County FHA Mortgage Overview

In Ransom County, FHA buyers are leveraging a 12.90% down payment on a typical $185,833 property, providing accessible entry despite the 6.258% rate. However, with a high 87.10% LTV, mandatory MIP applies for the loan’s life—ideal for those with sub-620 credit. The 0.91% effective tax rate and a 3.4% inflation-adjusted tax increase add roughly $50 monthly to true costs. For a full picture of FHA loan limits and taxes in Ransom County, ND, this data underscores that MIP and property taxes are permanent fixtures for primary residence buyers.

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.