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South Dakota Mortgage Calculator

Your monthly mortgage payment in South Dakota, with South Dakota's effective property tax rate (1.06%) built in, at this week's average rate. The calculator starts at the state's median home value, $257,400.

A $257,000 home with 20% down ($205,600 borrowed) at 7.28% over 30 years costs about $1,800 a month: $1,407 principal and interest plus $393 of tax, insurance and dues.

Monthly payment
$1,800.00
Principal and interest
$1,406.74
Tax, insurance, PMI and HOA
$393.26
Total interest over the loan
$300,827
Loan balance and interest paid over 30 years at 7.28%$0$100k$200k$300k$400k051015202530Years━Balance owed━Interest paid so far
Download the schedule (CSV)
Amortization by year: $205,600 at 7.28%
YearInterestPrincipalBalance
1$14,902.53$1,978.35$203,621.65
2$14,753.61$2,127.28$201,494.37
3$14,593.47$2,287.42$199,206.95
4$14,421.27$2,459.61$196,747.34
5$14,236.12$2,644.77$194,102.57
6$14,037.02$2,843.87$191,258.70
7$13,822.94$3,057.95$188,200.75
8$13,592.74$3,288.15$184,912.61
9$13,345.21$3,535.68$181,376.93
10$13,079.05$3,801.84$177,575.09
11$12,792.85$4,088.04$173,487.06
12$12,485.11$4,395.78$169,091.28
13$12,154.20$4,726.69$164,364.59
14$11,798.38$5,082.51$159,282.08
15$11,415.77$5,465.11$153,816.97
16$11,004.36$5,876.52$147,940.45
17$10,561.99$6,318.90$141,621.55
18$10,086.31$6,794.58$134,826.97
19$9,574.82$7,306.07$127,520.91
20$9,024.83$7,856.06$119,664.85
21$8,433.43$8,447.45$111,217.39
22$7,797.52$9,083.37$102,134.03
23$7,113.73$9,767.16$92,366.87
24$6,378.47$10,502.42$81,864.45
25$5,587.86$11,293.03$70,571.43
26$4,737.73$12,143.15$58,428.27
27$3,823.61$13,057.28$45,371.00
28$2,840.67$14,040.21$31,330.79
29$1,783.74$15,097.14$16,233.64
30$647.24$16,233.64$0.00

This week's mortgage rates →

Monthly payment in South Dakota by home price (20% down, 7%, 30 years, 1.06% tax, $2,000 insurance)

Home pricePrincipal and interestProperty taxTotal
$130,000$692$115$973
$190,000$1,011$168$1,345
$260,000$1,384$229$1,780
$390,000$2,076$344$2,586
$510,000$2,714$450$3,331

How this calculator works

As the mortgage calculator, with South Dakota's effective property tax rate from the Census Bureau's American Community Survey 2020–2024 5-year estimates: median taxes $2,724 ÷ median value $257,400.

What it assumes

  • Home insurance varies a lot by state and area; enter your quote.
  • County property tax rates differ from the state figure; see the county pages.

Questions people ask

What is the mortgage payment on a median home in South Dakota?

On $257,400 with 20% down at 7% over 30 years: about $1,370 principal and interest and $227 of property tax, $1,764 a month with $2,000 a year of insurance.

What is the median home value in South Dakota?

$257,400 for owner-occupied homes (Census American Community Survey 2020–2024 5-year estimates), against $332,700 nationally.

How much is property tax in South Dakota?

The effective rate is 1.06%, a median $2,724 a year. See South Dakota's property tax page for every county we cover.

How much income do I need for a median South Dakota home?

Under the 28% guideline, about $75,583 a year for the payment above; South Dakota's median household income is $75,081.

Mortgage calculator by state

Related calculators

  • Mortgage CalculatorYour full monthly mortgage payment: principal and interest, property tax, insurance, PMI and HOA dues, at this week's average rate, with a yearly amortization schedule.
  • South Dakota Property Tax CalculatorSouth Dakota homeowners pay a median $2,724 a year in property tax, 1.06% of a median $257,400 home: the 18th highest effective rate of the 50 states and DC.
  • Home Affordability CalculatorThe home price your income supports under the 28/36 guideline lenders use, counting your other debts, down payment, taxes and insurance, at this week's average rate.

Sources

Updated by the RateHerald team. The maths is tested against worked examples; report a problem.