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Todd County FHA Loan Calculator

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

Loan Details

Todd County, SD Benchmarks

FHA averages
Typical Property Value$315,000
Average Down Payment43.4%
Average Interest Rate5.750%
Effective Tax Rate0.74%
Median Tax Paid$975/yr
Tax Growth (Historical)-6.0%
Based on 1 regional loans totaling $85,000 (HMDA database).
$
%

$136,710 down · $178,290 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$194 / month

$

Annual premium

$

Per month

%

Not required at 20%+ down

Estimated Monthly Payment

$1,478/mo

  • Principal & Interest$1,059
  • Property Tax$194
  • Home Insurance$150
  • FHA MIP$76
Amortization · Remaining Balance

Financed Loan Amount

$181,410

Total Interest

$199,708

Total of Payments

$381,118

*Includes financed FHA Upfront MIP of $3,120

Local Market Insights

Todd County FHA Mortgage Overview

In Todd County, the FHA market reveals a unique risk profile. Despite a 43.43% down payment—far exceeding the typical 3.5% minimum—the 56.57% Loan-to-Value (LTV) ratio means mandatory Mortgage Insurance Premiums (MIP) remain for the life of the loan, a critical factor for those using an FHA loan down payment tool in Todd County. This structure is ideal for buyers with sub-620 credit scores seeking primary residence financing. The 0.74% effective property tax rate, coupled with a -6.0% inflation-adjusted tax decline, slightly improves monthly affordability for those evaluating a Todd County FHA mortgage with property taxes. While the $315,000 average value aligns with local FHA loan limits, the permanent MIP underscores that this data reflects standard 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.