Aurora County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Aurora County, SD Benchmarks

FHA averages

Typical Property Value$246,667

Average Down Payment4.9%

Average Interest Rate6.688%

Effective Tax Rate0.97%

Median Tax Paid$1,574/yr

Tax Growth (Historical)+9.6%

Based on 6 regional loans totaling $1,420,000 (HMDA database).

Home Price

Down Payment

$12,087 down · $234,580 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$199 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$109 / month

Estimated Monthly Payment

$1,997/mo

Principal & Interest$1,539
Property Tax$199
Home Insurance$150
FHA MIP$109

Amortization · Remaining Balance

Financed Loan Amount

$238,685

Total Interest

$315,211

Total of Payments

$553,897

*Includes financed FHA Upfront MIP of $4,105

Local Market Insights

Aurora County FHA Mortgage Overview

For Aurora County homebuyers, the 4.87% down payment on an FHA loan provides accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the loan’s life, regardless of the 95.13% LTV ratio. This makes it ideal for those with sub-620 credit scores seeking an FHA loan with PMI and taxes in Aurora County, SD. The effective 0.97% property tax rate, adjusted upward by 9.6% for inflation, directly impacts monthly affordability. When evaluating an FHA loan down payment in Aurora County, South Dakota, remember that the MIP never drops, unlike conventional loans. For an Aurora County FHA mortgage with property taxes, the 100% primary occupancy rate confirms 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.