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Kingsbury County FHA Loan Calculator

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

Loan Details

Kingsbury County, SD Benchmarks

FHA averages
Typical Property Value$185,833
Average Down Payment13.9%
Average Interest Rate6.018%
Effective Tax Rate0.93%
Median Tax Paid$1,704/yr
Tax Growth (Historical)+4.1%
Based on 12 regional loans totaling $1,790,000 (HMDA database).
$
%

$25,831 down · $160,002 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$144 / month

$

Annual premium

$

Per month

%

$68 / month

Estimated Monthly Payment

$1,340/mo

  • Principal & Interest$978
  • Property Tax$144
  • Home Insurance$150
  • FHA MIP$68
Amortization · Remaining Balance

Financed Loan Amount

$162,802

Total Interest

$189,341

Total of Payments

$352,143

*Includes financed FHA Upfront MIP of $2,800

Local Market Insights

Kingsbury County FHA Mortgage Overview

For Kingsbury County homebuyers using an FHA loan, the 13.88% average down payment provides accessible entry, but note that the 6.018% rate and mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life due to the 86.12% LTV ratio—ideal for those with sub-620 credit. The 0.93% effective property tax rate, adjusted upward by 4.1% for inflation, modestly impacts monthly affordability. This data reflects 100% owner-occupied purchases, ensuring accurate local insights for an FHA loan with PMI and taxes in Kingsbury County, SD.

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.