Richland County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Richland County, ND Benchmarks

FHA averages

Typical Property Value$211,136

Average Down Payment12.9%

Average Interest Rate6.265%

Effective Tax Rate1.01%

Median Tax Paid$2,066/yr

Tax Growth (Historical)-0.5%

Based on 44 regional loans totaling $7,970,000 (HMDA database).

Home Price

Down Payment

$27,237 down · $183,899 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$178 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$78 / month

Estimated Monthly Payment

$1,559/mo

Principal & Interest$1,153
Property Tax$178
Home Insurance$150
FHA MIP$78

Amortization · Remaining Balance

Financed Loan Amount

$187,118

Total Interest

$228,082

Total of Payments

$415,200

*Includes financed FHA Upfront MIP of $3,218

Local Market Insights

Richland County FHA Mortgage Overview

In Richland County, the average 12.90% down payment on an FHA loan provides accessible entry, though the 6.265% rate and mandatory Mortgage Insurance Premium (MIP) for the loan’s life are key factors. With an 87.10% loan-to-value ratio, this data reflects 100% owner-occupied purchases, not investments. The 1.01% effective property tax rate, adjusted downward by -0.5% for inflation, slightly improves monthly affordability. For buyers exploring FHA loan options with PMI and taxes in Richland County, ND, this market favors those prioritizing lower initial cash over long-term MIP costs.

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.