Jackson County FHA Loan Calculator

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

Loan Details

Baseline

Rates

Taxes & Ins.

DTI

US County (Smart Autofill)

Loan Type

Credit Score (FICO)

Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Jackson County, SD Benchmarks

FHA averages

Typical Property Value$295,000

Average Down Payment3.5%

Average Interest Rate5.875%

Effective Tax Rate0.69%

Home Price

Down Payment

$10,325 down · $284,675 financed

Estimated Monthly Payment

$2,167/mo

Principal & Interest$1,714
Property Tax$170
Home Insurance$150
FHA MIP$133

Amortization · Remaining Balance

Financed Loan Amount

$289,657

Total Interest

$327,511

Total of Payments

$617,168

*Includes financed FHA Upfront MIP of $4,982

Local Market Insights

Jackson County FHA Mortgage Overview

For Jackson County homebuyers, the FHA loan’s 3.50% down payment on a $295,000 property offers accessible entry, but the 96.50% loan-to-value ratio means mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan—ideal for those with sub-620 credit scores. This data exclusively reflects primary residence purchases. The 0.69% effective property tax rate, with no recent inflation-adjusted shift, keeps monthly costs stable. When evaluating an FHA loan with PMI and taxes in Jackson County, SD, or reviewing Jackson County FHA loan limits and tax impacts, this low tax burden slightly offsets the permanent MIP requirement.

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.