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Stanley County FHA Loan Calculator

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

Loan Details

Stanley County, SD Benchmarks

FHA averages
Typical Property Value$240,000
Average Down Payment8.3%
Average Interest Rate6.088%
Effective Tax Rate1.11%
Median Tax Paid$2,679/yr
Tax Growth (Historical)+7.3%
Based on 8 regional loans totaling $1,740,000 (HMDA database).
$
%

$19,920 down · $220,080 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$222 / month

$

Annual premium

$

Per month

%

$93 / month

Estimated Monthly Payment

$1,821/mo

  • Principal & Interest$1,356
  • Property Tax$222
  • Home Insurance$150
  • FHA MIP$93
Amortization · Remaining Balance

Financed Loan Amount

$223,931

Total Interest

$264,073

Total of Payments

$488,004

*Includes financed FHA Upfront MIP of $3,851

Local Market Insights

Stanley County FHA Mortgage Overview

For Stanley County homebuyers using an FHA loan, the 8.33% average down payment provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life due to the 91.67% loan-to-value ratio. This is ideal for those with sub-620 credit scores purchasing primary residences. The effective 1.11% property tax rate, combined with a 7.3% inflation-adjusted tax increase, notably raises true monthly affordability. When evaluating an FHA loan with PMI and taxes in Stanley County, SD, or reviewing Stanley County FHA loan limits, the low down payment offsets the ongoing MIP cost. This data confirms 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.