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Brown County FHA Loan Calculator

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

Loan Details

Brown County, SD Benchmarks

FHA averages
Typical Property Value$235,833
Average Down Payment6.0%
Average Interest Rate6.188%
Effective Tax Rate1.07%
Median Tax Paid$2,598/yr
Tax Growth (Historical)-1.3%
Based on 96 regional loans totaling $20,190,000 (HMDA database).
$
%

$14,150 down · $221,683 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$210 / month

$

Annual premium

$

Per month

%

$94 / month

Estimated Monthly Payment

$1,834/mo

  • Principal & Interest$1,380
  • Property Tax$210
  • Home Insurance$150
  • FHA MIP$94
Amortization · Remaining Balance

Financed Loan Amount

$225,562

Total Interest

$271,251

Total of Payments

$496,813

*Includes financed FHA Upfront MIP of $3,879

Local Market Insights

Brown County FHA Mortgage Overview

Brown County’s FHA market reveals a clear path to homeownership with a 6.04% weighted average down payment, well below the conventional 20% threshold. This low entry point, combined with a 93.96% loan-to-value ratio, mandates Mortgage Insurance Premium (MIP) for the loan’s life—ideal for buyers with sub-620 credit. The 1.07% property tax rate, adjusted down 1.3% for inflation, slightly lowers monthly costs. For an FHA loan with PMI and taxes in Brown County, SD, the $235,833 average property value and 6.188% rate define true affordability. This data reflects owner-occupied purchases only, 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.