Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>South Dakota>Union County (FHA)

Union County FHA Loan Calculator

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

Loan Details

Union County, SD Benchmarks

FHA averages
Typical Property Value$294,556
Average Down Payment9.0%
Average Interest Rate6.261%
Effective Tax Rate1.12%
Median Tax Paid$3,317/yr
Tax Growth (Historical)+7.4%
Based on 45 regional loans totaling $11,865,000 (HMDA database).
$
%

$26,510 down · $268,046 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$275 / month

$

Annual premium

$

Per month

%

$114 / month

Estimated Monthly Payment

$2,220/mo

  • Principal & Interest$1,681
  • Property Tax$275
  • Home Insurance$150
  • FHA MIP$114
Amortization · Remaining Balance

Financed Loan Amount

$272,737

Total Interest

$332,445

Total of Payments

$605,182

*Includes financed FHA Upfront MIP of $4,691

Local Market Insights

Union County FHA Mortgage Overview

In Union County, the 9.02% down payment on an FHA loan provides accessible entry for buyers, especially those with sub-620 credit scores. However, this FHA loan down payment analysis in Union County, South Dakota, confirms mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan due to the high 90.98% LTV ratio. For an accurate Union County FHA mortgage outlook with property taxes, note the 1.12% effective tax rate and a 7.4% inflation-adjusted tax increase, which raises monthly affordability costs. All 100% of buyers are owner-occupants, not investors.

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.