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Yankton County FHA Loan Calculator

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

Loan Details

Yankton County, SD Benchmarks

FHA averages
Typical Property Value$257,034
Average Down Payment10.6%
Average Interest Rate6.247%
Effective Tax Rate0.99%
Median Tax Paid$2,388/yr
Tax Growth (Historical)-1.3%
Based on 59 regional loans totaling $13,135,000 (HMDA database).
$
%

$27,246 down · $229,788 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$212 / month

$

Annual premium

$

Per month

%

$97 / month

Estimated Monthly Payment

$1,899/mo

  • Principal & Interest$1,440
  • Property Tax$212
  • Home Insurance$150
  • FHA MIP$97
Amortization · Remaining Balance

Financed Loan Amount

$233,810

Total Interest

$284,449

Total of Payments

$518,258

*Includes financed FHA Upfront MIP of $4,021

Local Market Insights

Yankton County FHA Mortgage Overview

For Yankton County homebuyers, the 10.64% down payment on an FHA loan provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan due to the high 89.36% Loan-to-Value ratio. This structure is ideal for those with a sub-620 credit score seeking primary residence financing. The 0.99% effective property tax rate, coupled with a -1.3% inflation-adjusted decline, slightly reduces true monthly affordability. When assessing Yankton County FHA loan limits and property taxes, this low-tax environment offsets the permanent MIP cost, making the market favorable for long-term owner-occupants.

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.