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Sully County FHA Loan Calculator

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

Loan Details

Sully County, SD Benchmarks

FHA averages
Typical Property Value$115,000
Average Down Payment2.1%
Average Interest Rate5.875%
Effective Tax Rate0.86%
Median Tax Paid$1,715/yr
Tax Growth (Historical)-2.0%
Based on 3 regional loans totaling $345,000 (HMDA database).
$
%

$2,415 down · $112,585 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

%

$82 / month

$

Annual premium

$

Per month

%

$53 / month

Estimated Monthly Payment

$963/mo

  • Principal & Interest$678
  • Property Tax$82
  • Home Insurance$150
  • FHA MIP$53
Amortization · Remaining Balance

Financed Loan Amount

$114,555

Total Interest

$129,526

Total of Payments

$244,081

*Includes financed FHA Upfront MIP of $1,970

Local Market Insights

Sully County FHA Mortgage Overview

In Sully County, FHA financing with a 2.15% down payment and a 97.85% loan-to-value ratio provides exceptional entry for owner-occupants, but requires mandatory Mortgage Insurance Premiums (MIP) for the loan’s lifespan—ideal for buyers with sub-620 credit. With a 5.875% rate on a $115,000 property, the effective 0.86% tax rate and recent -2.0% inflation-adjusted tax shift slightly lower monthly costs. This market’s FHA loan limits with property taxes and PMI data confirm affordability remains strong, though borrowers should plan for permanent MIP.

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.