Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>South Dakota>Custer County (FHA)

Custer County FHA Loan Calculator

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

Loan Details

Custer County, SD Benchmarks

FHA averages
Typical Property Value$417,632
Average Down Payment21.1%
Average Interest Rate6.144%
Effective Tax Rate0.71%
Median Tax Paid$2,879/yr
Tax Growth (Historical)+9.6%
Based on 19 regional loans totaling $5,825,000 (HMDA database).
$
%

$88,120 down · $329,512 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$247 / month

$

Annual premium

$

Per month

%

Not required at 20%+ down

Estimated Monthly Payment

$2,577/mo

  • Principal & Interest$2,040
  • Property Tax$247
  • Home Insurance$150
  • FHA MIP$140
Amortization · Remaining Balance

Financed Loan Amount

$335,278

Total Interest

$399,280

Total of Payments

$734,558

*Includes financed FHA Upfront MIP of $5,766

Local Market Insights

Custer County FHA Mortgage Overview

In Custer County, the 21.12% average down payment on an FHA loan provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) remain for the life of the loan regardless of equity, as indicated by the 78.88% loan-to-value ratio. This makes it ideal for buyers with sub-620 credit scores purchasing primary residences. The 0.71% effective tax rate is manageable, yet the 9.6% inflation-adjusted tax increase directly impacts monthly affordability when using a Custer County FHA mortgage tool with property taxes. When evaluating a Custer County FHA loan down payment, remember that while the average property value is $417,631.58, the MIP is permanent, unlike conventional loans.

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.