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Miner County FHA Loan Calculator

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

Loan Details

Miner County, SD Benchmarks

FHA averages
Typical Property Value$165,000
Average Down Payment-3.0%
Average Interest Rate5.375%
Effective Tax Rate0.70%
Median Tax Paid$1,306/yr
Tax Growth (Historical)+0.2%
Based on 1 regional loans totaling $155,000 (HMDA database).
$
%

-$4,950 down · $169,950 financed

FHA loans require a minimum of 3.5% down payment (or matching dollar amount).

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$96 / month

$

Annual premium

$

Per month

%

$79 / month

Estimated Monthly Payment

$1,294/mo

  • Principal & Interest$969
  • Property Tax$96
  • Home Insurance$150
  • FHA MIP$79
Amortization · Remaining Balance

Financed Loan Amount

$172,924

Total Interest

$175,867

Total of Payments

$348,791

*Includes financed FHA Upfront MIP of $2,974

Local Market Insights

Miner County FHA Mortgage Overview

For Miner County homebuyers using an FHA loan, the -2.97% weighted average down payment reflects a market where financing nearly 103% of the property value is common. This low entry point, ideal for those with sub-620 credit scores, comes with mandatory Mortgage Insurance Premiums (MIP) for the life of the loan, unlike conventional loans. With a 0.70% effective property tax rate and a slight 0.2% inflation-adjusted increase, monthly affordability remains modest on the $165,000 average property, though FHA loan limits and tax impacts should be carefully factored into your budget.

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.