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Sioux County FHA Loan Calculator

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

Loan Details

Sioux County, ND Benchmarks

FHA averages
Typical Property Value$140,000
Average Down Payment12.2%
Average Interest Rate5.500%
Effective Tax Rate0.26%
Median Tax Paid$420/yr
Tax Growth (Historical)-0.6%
Based on 2 regional loans totaling $210,000 (HMDA database).
$
%

$17,080 down · $122,920 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$30 / month

$

Annual premium

$

Per month

%

$52 / month

Estimated Monthly Payment

$943/mo

  • Principal & Interest$710
  • Property Tax$30
  • Home Insurance$150
  • FHA MIP$52
Amortization · Remaining Balance

Financed Loan Amount

$125,071

Total Interest

$130,579

Total of Payments

$255,650

*Includes financed FHA Upfront MIP of $2,151

Local Market Insights

Sioux County FHA Mortgage Overview

In Sioux County, the typical FHA homebuyer leverages a 12.16% down payment on a $140,000 property, resulting in a high 87.84% loan-to-value ratio. This low down payment provides accessible entry but mandates Mortgage Insurance Premiums (MIP) for the loan’s life, ideal for those with sub-620 credit scores. While property taxes are minimal at 0.26%, the recent -0.6% inflation-adjusted tax change offers slight relief. When evaluating an FHA loan with PMI and taxes in Sioux County, ND, the true monthly cost is driven by the permanent MIP, not taxes. This owner-occupied market shows 100% primary residency, confirming these are standard homebuyers, not investors.

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.