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Wells County FHA Loan Calculator

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

Loan Details

Wells County, ND Benchmarks

FHA averages
Typical Property Value$172,778
Average Down Payment18.1%
Average Interest Rate6.291%
Effective Tax Rate0.85%
Median Tax Paid$1,119/yr
Tax Growth (Historical)-1.9%
Based on 9 regional loans totaling $1,255,000 (HMDA database).
$
%

$31,273 down · $141,505 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$122 / month

$

Annual premium

$

Per month

%

$60 / month

Estimated Monthly Payment

$1,223/mo

  • Principal & Interest$890
  • Property Tax$122
  • Home Insurance$150
  • FHA MIP$60
Amortization · Remaining Balance

Financed Loan Amount

$143,982

Total Interest

$176,515

Total of Payments

$320,497

*Includes financed FHA Upfront MIP of $2,476

Local Market Insights

Wells County FHA Mortgage Overview

In Wells County, the 18.05% weighted average down payment on an FHA loan exceeds the typical 3.5% minimum, indicating buyers are putting down significant equity to lower their monthly principal. However, because this is an FHA loan, mandatory Mortgage Insurance Premiums (MIP) apply for the life of the loan, regardless of the 81.95% Loan-to-Value ratio. This structure is ideal for buyers with sub-620 credit scores seeking accessible entry. The effective property tax rate of 0.85% is moderate, and the recent -1.9% inflation-adjusted tax change provides slight relief on monthly affordability. For a complete financial picture, homebuyers should evaluate an FHA loan down payment estimate in Wells County, North Dakota, alongside a Wells County FHA mortgage analysis with property taxes to understand total housing 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.