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Clark County FHA Loan Calculator

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

Loan Details

Clark County, SD Benchmarks

FHA averages
Typical Property Value$206,111
Average Down Payment7.3%
Average Interest Rate6.125%
Effective Tax Rate0.76%
Median Tax Paid$1,389/yr
Tax Growth (Historical)-3.2%
Based on 9 regional loans totaling $1,675,000 (HMDA database).
$
%

$15,046 down · $191,065 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$131 / month

$

Annual premium

$

Per month

%

$81 / month

Estimated Monthly Payment

$1,543/mo

  • Principal & Interest$1,182
  • Property Tax$131
  • Home Insurance$150
  • FHA MIP$81
Amortization · Remaining Balance

Financed Loan Amount

$194,409

Total Interest

$231,067

Total of Payments

$425,475

*Includes financed FHA Upfront MIP of $3,344

Local Market Insights

Clark County FHA Mortgage Overview

For Clark County homebuyers using an FHA loan, the 7.31% down payment on a $206,111 average property provides accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the loan’s life due to the 92.69% LTV ratio. This structure suits buyers with sub-620 credit scores seeking an FHA loan with PMI and taxes in Clark County, SD. The 0.76% effective property tax rate, with a recent -3.2% inflation-adjusted shift, slightly lowers monthly costs for a Clark County FHA mortgage with property taxes. All data reflects 100% owner-occupied primary residences, not investments.

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.