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Tripp County FHA Loan Calculator

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

Loan Details

Tripp County, SD Benchmarks

FHA averages
Typical Property Value$192,778
Average Down Payment5.0%
Average Interest Rate6.059%
Effective Tax Rate0.69%
Median Tax Paid$1,262/yr
Tax Growth (Historical)-1.0%
Based on 9 regional loans totaling $1,625,000 (HMDA database).
$
%

$9,639 down · $183,139 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$111 / month

$

Annual premium

$

Per month

%

$78 / month

Estimated Monthly Payment

$1,463/mo

  • Principal & Interest$1,124
  • Property Tax$111
  • Home Insurance$150
  • FHA MIP$78
Amortization · Remaining Balance

Financed Loan Amount

$186,344

Total Interest

$218,449

Total of Payments

$404,793

*Includes financed FHA Upfront MIP of $3,205

Local Market Insights

Tripp County FHA Mortgage Overview

For a Tripp County homebuyer using an FHA loan, the 4.99% down payment on a $192,778 property provides accessible entry, but the 95.01% Loan-to-Value (LTV) ratio means mandatory Mortgage Insurance Premiums (MIP) are required for the loan’s entire term. This is ideal for buyers with a sub-620 credit score. The 0.69% effective property tax rate, with a -1.0% inflation-adjusted decline, slightly reduces monthly costs. When evaluating an FHA loan with PMI and taxes in Tripp County, SD, note that the low down payment and tax relief improve true affordability for primary residences, though MIP remains a permanent cost.

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.