South Dakota Mortgage Calculator (2026)
Median home price in South Dakota: $285,000. With a 15% down payment, your estimated monthly payment is $2,030/mo all-in.
Payment breakdown for South Dakota
Based on median home price of $285,000, 15% down ($42,000), at 6.95% rate.
| Item | 30-Year | 15-Year |
|---|---|---|
| Loan amount | $243,000 | $243,000 |
| Monthly P&I | $1,609 | $2,177 |
| Monthly property tax | $278 | $278 |
| Monthly insurance (est.) | $143 | $143 |
| All-in monthly | $2,030 | $2,598 |
| Total interest paid | $336,240 | $148,860 |
Buying a home in South Dakota
South Dakota’s median home price of $285,000 puts it near the national median. At the current average rate of 6.95%, a buyer putting 15% down would pay $1,609/month in principal and interest — plus an estimated $278/month in property taxes, based on South Dakota’s effective tax rate of 1.17%.
Choosing a 15-year loan in South Dakota instead of a 30-year would save $187,380 in total interest, but increases your monthly P&I payment by $568. Whether that trade-off makes sense depends on your income stability, other financial goals, and how long you plan to stay in the home.
South Dakota’s property tax rate of 1.17% is one of the mid-range in the country. This means property taxes represent a moderate portion of your all-in monthly cost. First-time buyers often underestimate this line item — the calculator above includes it in the all-in monthly estimate so you see the true cost of ownership, not just the loan payment.
Use the main calculator to customize your South Dakota mortgage scenario with your exact home price, down payment, and loan term.
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