Home and mortgage

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.

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Home priceDown paymentInterest rateStarts at this week's national averageLoan termProperty taxA year, as a share of the price; about 1% is typical, varying widely by countyHome insurance a yearMortgage insurance (PMI)A year, on the loan, only below 20% downHOA dues a month

Monthly payment$1,786.06The answer

Monthly payment

$1,786.06

A $257,000 home with 20% down ($205,600 borrowed) at 7.18% over 30 years costs about $1,786 a month: $1,393 principal and interest plus $393 of tax, insurance and dues.

Principal and interest: $1,392.81
Tax, insurance, PMI and HOA: $393.26
Total interest over the loan: $295,810

Amortization by year: $205,600 at 7.18%

Year	Interest	Principal	Balance
1	$14,696.56	$2,017.11	$203,582.89
2	$14,546.87	$2,166.81	$201,416.08
3	$14,386.07	$2,327.61	$199,088.48
4	$14,213.33	$2,500.34	$196,588.14
5	$14,027.78	$2,685.89	$193,902.25
6	$13,828.46	$2,885.21	$191,017.04
7	$13,614.35	$3,099.32	$187,917.71
8	$13,384.35	$3,329.33	$184,588.38
9	$13,137.27	$3,576.40	$181,011.99
10	$12,871.87	$3,841.80	$177,170.18
11	$12,586.76	$4,126.91	$173,043.27
12	$12,280.50	$4,433.17	$168,610.11
13	$11,951.52	$4,762.16	$163,847.95
14	$11,598.11	$5,115.56	$158,732.39
15	$11,218.49	$5,495.19	$153,237.21
16	$10,810.68	$5,902.99	$147,334.22
17	$10,372.62	$6,341.05	$140,993.17
18	$9,902.05	$6,811.63	$134,181.54
19	$9,396.55	$7,317.12	$126,864.42
20	$8,853.54	$7,860.13	$119,004.29
21	$8,270.24	$8,443.43	$110,560.86
22	$7,643.65	$9,070.02	$101,490.84
23	$6,970.56	$9,743.12	$91,747.72
24	$6,247.51	$10,466.16	$81,281.56
25	$5,470.81	$11,242.86	$70,038.71
26	$4,636.48	$12,077.20	$57,961.51
27	$3,740.22	$12,973.45	$44,988.06
28	$2,777.45	$13,936.22	$31,051.84
29	$1,743.24	$14,970.44	$16,081.40
30	$632.27	$16,081.40	$0.00

Download the schedule (CSV)

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 price	Principal and interest	Property tax	Total
$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.

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.

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Updated Sep 30, 2026 by the RateHerald team. The maths is tested against worked examples; report a problem.