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Roberts County FHA Loan Calculator

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

Loan Details

Roberts County, SD Benchmarks

FHA averages
Typical Property Value$157,222
Average Down Payment16.5%
Average Interest Rate6.523%
Effective Tax Rate0.69%
Median Tax Paid$1,492/yr
Tax Growth (Historical)-0.9%
Based on 9 regional loans totaling $1,055,000 (HMDA database).
$
%

$25,942 down · $131,280 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$90 / month

$

Annual premium

$

Per month

%

$56 / month

Estimated Monthly Payment

$1,142/mo

  • Principal & Interest$846
  • Property Tax$90
  • Home Insurance$150
  • FHA MIP$56
Amortization · Remaining Balance

Financed Loan Amount

$133,578

Total Interest

$171,004

Total of Payments

$304,582

*Includes financed FHA Upfront MIP of $2,297

Local Market Insights

Roberts County FHA Mortgage Overview

In Roberts County, the 16.48% average down payment on an FHA loan provides accessible entry for buyers, though it triggers mandatory Mortgage Insurance Premiums (MIP) for the loan’s life—ideal for those with sub-620 credit. With a median 83.52% LTV ratio, this data reflects owner-occupied purchases only. The 0.69% effective property tax rate and recent -0.9% inflation-adjusted tax shift slightly reduce monthly costs, improving affordability when using an FHA loan down payment estimate in Roberts County, South Dakota. For true monthly budgeting, consider an FHA mortgage tool with property taxes and PMI in Roberts County, SD, alongside local FHA loan limits.

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.