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Dewey County Conventional Mortgage Calculator

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

Loan Details

Dewey County, SD Benchmarks

Conventional averages
Typical Property Value$245,000
Average Down Payment33.3%
Average Interest Rate6.375%
Effective Tax Rate0.95%
Median Tax Paid$1,050/yr
Tax Growth (Historical)+0.9%
Based on 3 regional loans totaling $455,000 (HMDA database).
$
%

$81,585 down · $163,415 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

$1,364/mo

  • Principal & Interest$1,020
  • Property Tax$194
  • Home Insurance$150
Amortization · Remaining Balance

Loan Amount

$163,415

Total Interest

$203,796

Total of Payments

$367,211

Local Market Insights

Dewey County Conventional Mortgage Overview

In Dewey County, the 33.25% weighted average down payment for a Conventional loan signals strong buyer equity and creditworthiness. This high down payment immediately eliminates the need for Private Mortgage Insurance (PMI), as you have surpassed the 20% equity threshold from day one. With a median Loan-to-Value (LTV) of 66.75% and 100% owner-occupancy, this market shows low risk. The effective property tax rate of 0.95% on a $245,000 property means a monthly tax burden of approximately $194, while the 0.9% inflation-adjusted tax change adds minimal long-term cost. For anyone using a Dewey County conventional mortgage calculator with property taxes, this low LTV and high down payment ensure strong affordability and no PMI costs.

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.