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Hutchinson County FHA Loan Calculator

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

Loan Details

Hutchinson County, SD Benchmarks

FHA averages
Typical Property Value$192,000
Average Down Payment15.8%
Average Interest Rate6.171%
Effective Tax Rate0.91%
Median Tax Paid$1,867/yr
Tax Growth (Historical)+1.0%
Based on 20 regional loans totaling $3,130,000 (HMDA database).
$
%

$30,336 down · $161,664 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$146 / month

$

Annual premium

$

Per month

%

$69 / month

Estimated Monthly Payment

$1,368/mo

  • Principal & Interest$1,004
  • Property Tax$146
  • Home Insurance$150
  • FHA MIP$69
Amortization · Remaining Balance

Financed Loan Amount

$164,493

Total Interest

$197,044

Total of Payments

$361,537

*Includes financed FHA Upfront MIP of $2,829

Local Market Insights

Hutchinson County FHA Mortgage Overview

In Hutchinson County, an FHA loan with a 15.82% down payment offers accessible entry, but this 84.18% LTV ratio means mandatory Mortgage Insurance Premiums (MIP) for the life of the loan—ideal for sub-620 credit buyers. The effective 0.91% property tax rate, adjusted upward by 1.0% for inflation, adds roughly $145 monthly to true affordability. When considering an FHA loan down payment in Hutchinson County, South Dakota, remember MIP is permanent. For a complete picture of FHA loan limits and property taxes, review local data for this 100% owner-occupied market.

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.