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Marshall County FHA Loan Calculator

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

Loan Details

Marshall County, SD Benchmarks

FHA averages
Typical Property Value$170,833
Average Down Payment10.3%
Average Interest Rate5.998%
Effective Tax Rate0.67%
Median Tax Paid$1,359/yr
Tax Growth (Historical)-1.3%
Based on 12 regional loans totaling $1,720,000 (HMDA database).
$
%

$17,596 down · $153,237 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$95 / month

$

Annual premium

$

Per month

%

$65 / month

Estimated Monthly Payment

$1,245/mo

  • Principal & Interest$935
  • Property Tax$95
  • Home Insurance$150
  • FHA MIP$65
Amortization · Remaining Balance

Financed Loan Amount

$155,919

Total Interest

$180,614

Total of Payments

$336,532

*Includes financed FHA Upfront MIP of $2,682

Local Market Insights

Marshall County FHA Mortgage Overview

For Marshall County homebuyers using an FHA loan, the 10.25% down payment on a $170,833 property offers accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan due to the 89.75% loan-to-value ratio. The effective property tax rate of 0.67%, combined with a recent -1.3% inflation-adjusted tax decrease, slightly reduces monthly carrying costs. When evaluating an FHA loan with PMI and taxes in Marshall County, SD, this low tax burden improves true affordability, making it ideal for primary residence buyers with sub-620 credit scores who plan to stay long-term.

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.