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Jerauld County FHA Loan Calculator

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

Loan Details
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

Jerauld County, SD Benchmarks

FHA averages
Typical Property Value$140,000
Average Down Payment1.2%
Average Interest Rate6.208%
Effective Tax Rate0.83%
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FHA loans require a minimum 3.5% down payment.

Estimated Monthly Payment

$1,174/mo

  • Principal & Interest$863
  • Property Tax$97
  • Home Insurance$150
  • FHA MIP$65
Amortization · Remaining Balance

Financed Loan Amount

$140,741

Total Interest

$169,906

Total of Payments

$310,646

*Includes financed FHA Upfront MIP of $2,421

Local Market Insights

Jerauld County FHA Mortgage Overview

In Jerauld County, the 1.18% weighted average down payment combined with an FHA loan and a 98.82% Loan-to-Value ratio signals an extremely accessible entry point for owner-occupants. This low down payment requires mandatory Mortgage Insurance Premiums (MIP) for the life of the loan, which is ideal for buyers with sub-620 credit scores. The effective property tax rate of 0.83% and the 1.2% inflation-adjusted tax change add roughly $97 per month to an FHA loan payment with PMI and taxes in Jerauld County, SD. Understanding Jerauld County FHA loan limits and tax impacts is critical for accurate budgeting.

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.