Butte County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Butte County, SD Benchmarks

FHA averages

Typical Property Value$300,909

Average Down Payment7.6%

Average Interest Rate6.104%

Effective Tax Rate0.88%

Median Tax Paid$2,265/yr

Tax Growth (Historical)0.0%

Based on 44 regional loans totaling $11,740,000 (HMDA database).

Home Price

Down Payment

$22,869 down · $278,040 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

$221 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$118 / month

Estimated Monthly Payment

$2,203/mo

Principal & Interest$1,714
Property Tax$221
Home Insurance$150
FHA MIP$118

Amortization · Remaining Balance

Financed Loan Amount

$282,906

Total Interest

$334,276

Total of Payments

$617,182

*Includes financed FHA Upfront MIP of $4,866

Local Market Insights

Butte County FHA Mortgage Overview

Butte County FHA buyers leverage a 7.62% down payment on a $300,909 property, requiring mandatory Mortgage Insurance Premiums (MIP) for the loan’s life due to the 92.38% LTV ratio—ideal for those with sub-620 credit. The 0.88% effective property tax rate, with 0.0% inflation-adjusted change, keeps monthly costs stable. Explore an FHA loan down payment in Butte County, South Dakota, considering PMI and taxes; the low entry point suits 100% primary residence buyers.

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.