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Lawrence County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Lawrence 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

Lawrence County, SD Benchmarks

FHA averages
Typical Property Value$348,115
Average Down Payment9.3%
Average Interest Rate5.999%
Effective Tax Rate0.77%
$
%

$32,375 down · $315,740 financed

Estimated Monthly Payment

$2,433/mo

  • Principal & Interest$1,926
  • Property Tax$223
  • Home Insurance$150
  • FHA MIP$134
Amortization · Remaining Balance

Financed Loan Amount

$321,266

Total Interest

$372,148

Total of Payments

$693,414

*Includes financed FHA Upfront MIP of $5,525

Local Market Insights

Lawrence County FHA Mortgage Overview

For Lawrence County homebuyers, the 9.26% average down payment with an FHA loan provides accessible entry, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life—ideal for those with sub-620 credit. The 90.74% Loan-to-Value ratio confirms this, as you cannot cancel MIP. The effective property tax rate of 0.77% and recent -0.3% inflation-adjusted shift offer modest monthly affordability relief. When evaluating an FHA loan with PMI and taxes in Lawrence County, SD, or exploring FHA loan down payment strategies here, remember these figures apply to owner-occupied primary residences only, 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.