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Douglas County FHA Loan Calculator

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

Loan Details

Douglas County, SD Benchmarks

FHA averages
Typical Property Value$220,714
Average Down Payment19.8%
Average Interest Rate7.625%
Effective Tax Rate0.84%
Median Tax Paid$1,653/yr
Tax Growth (Historical)+9.4%
Based on 7 regional loans totaling $1,225,000 (HMDA database).
$
%

$43,701 down · $177,013 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$154 / month

$

Annual premium

$

Per month

%

$75 / month

Estimated Monthly Payment

$1,655/mo

  • Principal & Interest$1,275
  • Property Tax$154
  • Home Insurance$150
  • FHA MIP$75
Amortization · Remaining Balance

Financed Loan Amount

$180,110

Total Interest

$279,044

Total of Payments

$459,155

*Includes financed FHA Upfront MIP of $3,098

Local Market Insights

Douglas County FHA Mortgage Overview

In Douglas County, the average 19.78% down payment on an FHA loan provides accessible entry, yet this loan type mandates Mortgage Insurance Premiums (MIP) for the loan's life, even with this equity level. The 80.22% loan-to-value (LTV) ratio confirms most buyers are owner-occupants. While the 0.84% effective property tax rate is moderate, a 9.4% inflation-adjusted tax increase will notably raise monthly costs. For those seeking an FHA loan down payment analysis in Douglas County, South Dakota, or evaluating Douglas County FHA loan limits and tax impacts, this MIP permanence is a critical factor for long-term affordability.

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.