Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>South Dakota>Day County (FHA)

Day County FHA Loan Calculator

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

Loan Details

Day County, SD Benchmarks

FHA averages
Typical Property Value$200,000
Average Down Payment13.0%
Average Interest Rate6.375%
Effective Tax Rate0.78%
Median Tax Paid$1,693/yr
Tax Growth (Historical)+2.8%
Based on 6 regional loans totaling $930,000 (HMDA database).
$
%

$26,000 down · $174,000 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$130 / month

$

Annual premium

$

Per month

%

$74 / month

Estimated Monthly Payment

$1,459/mo

  • Principal & Interest$1,105
  • Property Tax$130
  • Home Insurance$150
  • FHA MIP$74
Amortization · Remaining Balance

Financed Loan Amount

$177,045

Total Interest

$220,794

Total of Payments

$397,839

*Includes financed FHA Upfront MIP of $3,045

Local Market Insights

Day County FHA Mortgage Overview

In Day County, the FHA loan market offers accessible entry with a 13.03% down payment on a $200,000 property, but this triggers mandatory Mortgage Insurance Premiums (MIP) for the loan’s life, regardless of equity. The 86.97% Loan-to-Value ratio confirms a lower down payment, ideal for buyers with sub-620 credit scores. For an FHA loan down payment analysis in Day County, South Dakota, note that the 0.78% effective property tax rate, adjusted upward by 2.8% for inflation, adds roughly $145 monthly to true affordability. All data reflects 100% primary occupancy, not investment properties. When evaluating Day County FHA loan limits and tax impacts, remember MIP is a permanent cost.

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.