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South Dakota mortgage calculator

Pre-filled for South Dakota: the median home value ($290,000) and the state's effective property tax rate of 1.01%. Change anything to match your home.

Home price
Down payment$58,000
%
Interest rateAPR, fixed
%
Loan term
Extra monthly paymenttoward principal
/ mo

Estimated monthly payment

$1,860.48

Loan $232,000 · 20% down

  • Principal & interest$1,466.40
  • Property tax$244.08
  • Home insurance$150.00
See the month-by-month schedule →
Total interest
$295,902
Total cost
$669,770
Payoff time
30 yr
PMI paid
None

Principal vs. interest by year

1: Principal 2,593, Interest 15,00412: Principal 2,767, Interest 14,8303: Principal 2,952, Interest 14,6454: Principal 3,150, Interest 14,44745: Principal 3,361, Interest 14,2366: Principal 3,586, Interest 14,0117: Principal 3,826, Interest 13,7718: Principal 4,082, Interest 13,51589: Principal 4,356, Interest 13,24110: Principal 4,647, Interest 12,94911: Principal 4,959, Interest 12,63812: Principal 5,291, Interest 12,3061213: Principal 5,645, Interest 11,95214: Principal 6,023, Interest 11,57415: Principal 6,426, Interest 11,17016: Principal 6,857, Interest 10,7401617: Principal 7,316, Interest 10,28118: Principal 7,806, Interest 9,79119: Principal 8,329, Interest 9,26820: Principal 8,887, Interest 8,7102021: Principal 9,482, Interest 8,11522: Principal 10,117, Interest 7,48023: Principal 10,794, Interest 6,80324: Principal 11,517, Interest 6,0802425: Principal 12,288, Interest 5,30826: Principal 13,111, Interest 4,48527: Principal 13,990, Interest 3,60728: Principal 14,926, Interest 2,6702829: Principal 15,926, Interest 1,67130: Principal 16,990, Interest 60430
PrincipalInterest

Amortization schedule by year

YearPrincipalInterestBalance
1$2,593$15,004$229,407
2$2,767$14,830$226,640
3$2,952$14,645$223,688
4$3,150$14,447$220,538
5$3,361$14,236$217,177
Monthly payment$1,860.48

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South Dakota at a glance

Effective property tax
1.01%
Rank (1 = highest)
18th of 51
Median home value
$289,600
Median tax bill
$2,940/yr

On the same $400,000 home, property tax in South Dakota adds about $336.67/month, versus $296.67/month at the national rate.

South Dakota mortgage payments by home price

Home pricePrincipal & interestProperty taxTotal / month
$150,000$758.48$126.25$1,034.73
$225,000$1,137.72$189.38$1,477.10
$300,000$1,516.96$252.50$1,919.46
$425,000$2,149.03$357.71$2,656.74
$575,000$2,907.51$483.96$3,541.47

20% down, 6.5% 30-year fixed (example rate), 1.01% property tax, $1,800/yr insurance, no HOA. Also see: how much house you can afford in South Dakota.

Mortgage calculators for other states

Assumptions

  • Fixed interest rate for the full term.
  • Property tax, insurance and HOA stay constant (in reality they usually rise over time).
  • PMI applies only when the loan is over 80% of the home price, and stops once the balance reaches 78% of the original price.
  • Extra payments go entirely to principal.
  • South Dakota figures: Effective rate = ACS median real estate taxes paid ÷ ACS median value, owner-occupied housing units, by state. Source: US Census Bureau ACS 2024.

Frequently asked questions

What is the property tax rate in South Dakota?+

The effective property tax rate in South Dakota is about 1.01% of home value a year (median taxes paid $2,940 on a median home worth $289,600). That's the 18th highest of 50 states and DC, and higher than the national 0.89%. Your actual bill depends on your county, city and exemptions.

What's the mortgage payment on a median-priced home in South Dakota?+

For a $290,000 home with 20% down at an example 6.5% 30-year rate, the payment is about $1,860.48 a month, including $244.08 of property tax and $150.00 of insurance.

How much income do I need to buy a home in South Dakota?+

To afford the median South Dakota home ($290,000) under the 28/36 guideline with 10% down and no other debts, you'd need roughly $93,000 a year in gross income at a 6.5% rate.

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Last reviewed October 14, 2026. Calculator version 1.0.0. Sources: US Census Bureau, ACS 2024 1-year, Table B25103 (Median Real Estate Taxes Paid) · US Census Bureau, ACS 2024 1-year, Table B25077 (Median Value, Owner-Occupied). Results are estimates for educational purposes, not financial, tax or lending advice. How we check our numbers.