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Jones County FHA Loan Calculator

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

Loan Details

Jones County, SD Benchmarks

FHA averages
Typical Property Value$171,667
Average Down Payment4.7%
Average Interest Rate5.750%
Effective Tax Rate0.99%
Median Tax Paid$1,313/yr
Tax Growth (Historical)-6.1%
Based on 3 regional loans totaling $485,000 (HMDA database).
$
%

$8,068 down · $163,599 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$142 / month

$

Annual premium

$

Per month

%

$76 / month

Estimated Monthly Payment

$1,339/mo

  • Principal & Interest$971
  • Property Tax$142
  • Home Insurance$150
  • FHA MIP$76
Amortization · Remaining Balance

Financed Loan Amount

$166,462

Total Interest

$183,251

Total of Payments

$349,713

*Includes financed FHA Upfront MIP of $2,863

Local Market Insights

Jones County FHA Mortgage Overview

For Jones County homebuyers using an FHA loan, the 4.65% down payment on a $171,667 property provides accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the loan's life—ideal for those with sub-620 credit. The 95.35% Loan-to-Value (LTV) ratio confirms minimal equity, so the MIP cannot be canceled. The 0.99% effective property tax rate is moderate, yet the recent -6.1% inflation-adjusted tax change lowers monthly costs, improving true affordability. When evaluating an FHA loan with PMI and taxes in Jones County, SD, or reviewing Jones County FHA loan limits and tax impacts, this data reflects 100% owner-occupied purchases, not investments.

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.