Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>South Dakota>Davison County (FHA)

Davison County FHA Loan Calculator

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

Loan Details

Davison County, SD Benchmarks

FHA averages
Typical Property Value$239,407
Average Down Payment7.8%
Average Interest Rate6.014%
Effective Tax Rate1.14%
Median Tax Paid$2,526/yr
Tax Growth (Historical)+3.8%
Based on 59 regional loans totaling $12,705,000 (HMDA database).
$
%

$18,674 down · $220,733 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$227 / month

$

Annual premium

$

Per month

%

$94 / month

Estimated Monthly Payment

$1,819/mo

  • Principal & Interest$1,348
  • Property Tax$227
  • Home Insurance$150
  • FHA MIP$94
Amortization · Remaining Balance

Financed Loan Amount

$224,596

Total Interest

$260,688

Total of Payments

$485,284

*Includes financed FHA Upfront MIP of $3,863

Local Market Insights

Davison County FHA Mortgage Overview

For Davison County homebuyers leveraging an FHA loan, the 7.84% down payment and 92.16% loan-to-value (LTV) ratio indicate accessible entry but come with a permanent cost—mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan, regardless of equity buildup. This structure is ideal for buyers with sub-620 credit scores seeking owner-occupied financing. The effective property tax rate of 1.14%, compounded by a 3.8% inflation-adjusted tax increase, directly impacts monthly affordability. When evaluating an FHA loan down payment in Davison County, South Dakota, or using an FHA mortgage tool with property taxes, remember that the 6.014% interest rate and tax shift mean true monthly costs exceed principal and interest alone.

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.