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St. Cloud FHA Mortgage Calculator

Estimate your true cost of homeownership in St. Cloud with localized property taxes, insurance, and utility data.

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Est. Total Monthly Cost
$2,653
P&I Payment$1,936
Taxes & Ins$358
Utilities$218
Also calculate:Conventional CalculatorVA Calculator

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Mortgage Details

$312,022
Local Median: $312,022
$10,921 (3.5%)
%

Used with your down payment to fetch a live, scenario-specific rate.

Local Area Costs

Mortgage Insurance (MIP)$140/mo
Upfront MIP (UFMIP) (financed)$5,269

FHA charges MIP regardless of down payment; UFMIP is financed into the loan.

Upfront costs

One-time costs to open your FHA loan.

Down payment (cash)
$10,921
3.5% of price
Upfront MIP (UFMIP)
$5,269
1.75% · financed into loan
Financed loan amount
$306,370
incl. UFMIP
Monthly$2,653

Monthly Breakdown

Principal & Interest
$1,936
Property Taxes
$232
Homeowners Ins.
$127
Mortgage Insurance (MIP)
$140
Utilities
$218

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$390,758

Local Housing Facts for St. Cloud

  • ·Median home value: $312,022 (adjusted for current market conditions)
  • ·Est. property taxes: $2,779/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $1,518/yr — based on local per-$1K premium rates
  • ·Energy utilities: $2,618/yr — sourced from DOE LEAD survey data
  • ·Flood insurance: optional — toggled off by default, estimate based on FEMA risk profile

Frequently Asked Questions

What is the FHA upfront mortgage insurance premium (MIP) for a home in St. Cloud?

An FHA buyer in St. Cloud borrowing $301,101 (with 3.5% down on a median $312,022 home) pays an upfront mortgage insurance premium (MIP) of $5,269 — equal to 1.75% of the base loan amount. This upfront MIP is typically financed into the loan balance rather than paid at closing, increasing the total loan amount to approximately $306,370.

How much is the monthly FHA mortgage insurance in St. Cloud?

For a typical FHA loan in St. Cloud with a base loan amount of $301,101, the annual MIP rate is 0.55% — adding approximately $138/month to the required payment. This monthly MIP is separate from principal, interest, property taxes, and homeowners insurance.

Does FHA mortgage insurance go away in St. Cloud?

Unlike conventional PMI — which automatically cancels at 80% LTV under the Homeowners Protection Act — FHA annual MIP on loans with less than 10% down does not fall off. For FHA buyers in St. Cloud putting 3.5% down, this means ongoing monthly MIP payments of approximately $138/month for the life of the loan. To eliminate MIP, borrowers must refinance into a conventional loan once they reach 20% equity, or put 10%+ down at origination (MIP then cancels after 11 years).

Am I eligible for FHA financing in St. Cloud?

The 2025 FHA loan limit for St. Cloud is $541,287 for a 1-unit property. A typical buyer purchasing the median-priced home here (approximately $312,022) with 3.5% down would have a base loan amount of approximately $301,101, which falls within the local FHA limit — making FHA financing an accessible option for eligible buyers.

What is the true all-in monthly cost of owning an FHA-financed home in St. Cloud?

Beyond principal and interest, FHA buyers in St. Cloud with a median $312,022 home can expect approximately $2,779/yr in property taxes, $1,518/yr for homeowners insurance, $2,618/yr in energy utilities, and $138/mo in FHA mortgage insurance (MIP). Together, these non-P&I costs add approximately $714/month to the required payment in St. Cloud.