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Jackson County FHA Loan Calculator

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

Loan Details

Jackson County, SD Benchmarks

FHA averages
Typical Property Value$295,000
Average Down Payment3.5%
Average Interest Rate5.875%
Effective Tax Rate0.69%
Median Tax Paid$760/yr
Tax Growth (Historical)%
Based on 1 regional loans totaling $285,000 (HMDA database).
$
%

$10,325 down · $284,675 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$170 / month

$

Annual premium

$

Per month

%

$133 / month

Estimated Monthly Payment

$2,167/mo

  • Principal & Interest$1,714
  • Property Tax$170
  • Home Insurance$150
  • FHA MIP$133
Amortization · Remaining Balance

Financed Loan Amount

$289,657

Total Interest

$327,511

Total of Payments

$617,168

*Includes financed FHA Upfront MIP of $4,982

Local Market Insights

Jackson County FHA Mortgage Overview

For Jackson County homebuyers, the FHA loan’s 3.50% down payment on a $295,000 property offers accessible entry, but the 96.50% loan-to-value ratio means mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan—ideal for those with sub-620 credit scores. This data exclusively reflects primary residence purchases. The 0.69% effective property tax rate, with no recent inflation-adjusted shift, keeps monthly costs stable. When evaluating an FHA loan with PMI and taxes in Jackson County, SD, or reviewing Jackson County FHA loan limits and tax impacts, this low tax burden slightly offsets the permanent MIP requirement.

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.