Gregory County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Gregory County, SD Benchmarks

FHA averages

Typical Property Value$209,444

Average Down Payment16.1%

Average Interest Rate6.406%

Effective Tax Rate0.76%

Median Tax Paid$1,428/yr

Tax Growth (Historical)-2.4%

Based on 9 regional loans totaling $1,495,000 (HMDA database).

Home Price

Down Payment

$33,720 down · $175,724 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

$133 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$74 / month

Estimated Monthly Payment

$1,477/mo

Principal & Interest$1,120
Property Tax$133
Home Insurance$150
FHA MIP$74

Amortization · Remaining Balance

Financed Loan Amount

$178,799

Total Interest

$224,246

Total of Payments

$403,044

*Includes financed FHA Upfront MIP of $3,075

Local Market Insights

Gregory County FHA Mortgage Overview

For Gregory County homebuyers, an FHA loan with a 16.09% down payment offers accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the loan's life, even with this equity. The 83.91% loan-to-value (LTV) ratio confirms this, making it ideal for those with sub-620 credit. The effective property tax rate of 0.76% and a -2.4% inflation-adjusted tax change provide slight relief, improving true monthly affordability for an FHA mortgage with PMI and taxes in Gregory County, SD. All 100% of buyers are purchasing primary residences, reinforcing owner-occupied stability.

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.