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Towner County FHA Loan Calculator

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

Towner County, ND Benchmarks

FHA averages
Typical Property Value$148,333
Average Down Payment11.0%
Average Interest Rate6.202%
Effective Tax Rate0.71%
$
%

$16,317 down · $132,016 financed

Estimated Monthly Payment

$1,116/mo

  • Principal & Interest$823
  • Property Tax$88
  • Home Insurance$150
  • FHA MIP$56
Amortization · Remaining Balance

Financed Loan Amount

$134,327

Total Interest

$161,849

Total of Payments

$296,175

*Includes financed FHA Upfront MIP of $2,310

Local Market Insights

Towner County FHA Mortgage Overview

In Towner County, the typical FHA buyer puts down 10.98%, which is below the 20% threshold, meaning mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan. This structure is ideal for buyers with sub-620 credit scores seeking accessible entry. The 89.02% loan-to-value ratio confirms low equity, locking MIP into the monthly payment permanently. With an effective property tax rate of 0.71% and a recent 6.4% inflation-adjusted tax hike, true affordability tightens. For precise planning around FHA loan limits with property taxes in Towner County, ND, understanding these fixed MIP costs is critical for long-term budgeting.

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.