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Brule County FHA Loan Calculator

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

Brule County, SD Benchmarks

FHA averages
Typical Property Value$295,000
Average Down Payment25.3%
Average Interest Rate6.325%
Effective Tax Rate0.82%
$
%

$74,635 down · $220,365 financed

Estimated Monthly Payment

$1,837/mo

  • Principal & Interest$1,392
  • Property Tax$202
  • Home Insurance$150
  • FHA MIP$93
Amortization · Remaining Balance

Financed Loan Amount

$224,221

Total Interest

$276,991

Total of Payments

$501,213

*Includes financed FHA Upfront MIP of $3,856

Local Market Insights

Brule County FHA Mortgage Overview

For Brule County homebuyers utilizing an FHA loan, the 25.30% weighted average down payment on a $295,000 property is notably high for this program. While this large equity stake lowers monthly principal, it does not eliminate the mandatory Mortgage Insurance Premium (MIP), which remains for the loan’s life regardless of the 74.70% loan-to-value ratio. This structure benefits buyers with sub-620 credit scores seeking accessible entry. The 0.82% effective property tax rate, coupled with a 15.2% inflation-adjusted increase, significantly impacts true monthly affordability. When evaluating a Brule County FHA mortgage with property taxes, this tax shift must be factored into your budget. All data reflects owner-occupied purchases, not investment properties.

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.