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

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

Jones County, SD Benchmarks

FHA averages

Typical Property Value$171,667

Average Down Payment4.7%

Average Interest Rate5.750%

Effective Tax Rate0.99%

Home Price

Down Payment

$8,068 down · $163,599 financed

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.