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Walworth County FHA Loan Calculator

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

Walworth County, SD Benchmarks

FHA averages
Typical Property Value$151,667
Average Down Payment5.0%
Average Interest Rate6.708%
Effective Tax Rate1.12%
$
%

$7,583 down · $144,084 financed

Estimated Monthly Payment

$1,300/mo

  • Principal & Interest$947
  • Property Tax$142
  • Home Insurance$150
  • FHA MIP$61
Amortization · Remaining Balance

Financed Loan Amount

$146,605

Total Interest

$194,309

Total of Payments

$340,914

*Includes financed FHA Upfront MIP of $2,521

Local Market Insights

Walworth County FHA Mortgage Overview

In Walworth County, the 4.96% average down payment for FHA loans provides accessible entry, but the mandatory Mortgage Insurance Premium (MIP) lasts the loan’s life due to the 95.04% LTV ratio. This structure suits buyers with sub-620 credit scores seeking primary residences. The 1.12% effective property tax rate, with a -6.8% inflation-adjusted decrease, slightly improves monthly affordability. When evaluating an FHA loan with PMI and taxes in Walworth County, SD, note that the average property value of $151,666.67 and 6.708% interest rate shape true costs. Understanding Walworth County FHA loan limits and property taxes is essential for accurate budgeting.

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.