South Dakota mortgage calculator with property tax and insurance
Median home price in South Dakota: $300,000. Effective property tax 1.11%/yr, homeowners insurance ≈ $2,000/yr. Rates updated Oct 8, 2026.
Payment by loan term
| Term | P&I | All-in | Total interest |
|---|---|---|---|
| 10 yr | $2,849 | $3,293 | $101,861 |
| 15 yr | $2,225 | $2,669 | $160,469 |
| 20 yr | $1,933 | $2,378 | $224,022 |
| 30 yr | $1,678 | $2,122 | $364,121 |
Adjust the numbers
Monthly breakdown
Total interest $364,121 · total PMI $0 · paid off in 30 years
Compare loan terms
| Term | Monthly (P&I) | Total monthly | Total interest |
|---|---|---|---|
| 10 years | $2,849 | $3,293 | $101,861 |
| 15 years | $2,225 | $2,669 | $160,469 |
| 20 years | $1,933 | $2,378 | $224,022 |
| 30 years | $1,678 | $2,122 | $364,121 |
Amortization schedule
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 1 | $17,925 | $2,212 | $237,788 |
| 2 | $17,753 | $2,384 | $235,403 |
| 3 | $17,568 | $2,569 | $232,834 |
| 4 | $17,369 | $2,769 | $230,065 |
| 5 | $17,154 | $2,984 | $227,082 |
| 6 | $16,922 | $3,215 | $223,867 |
| 7 | $16,672 | $3,465 | $220,402 |
| 8 | $16,404 | $3,734 | $216,668 |
| 9 | $16,114 | $4,024 | $212,644 |
| 10 | $15,801 | $4,336 | $208,308 |
| 11 | $15,465 | $4,673 | $203,635 |
| 12 | $15,102 | $5,035 | $198,600 |
| 13 | $14,711 | $5,426 | $193,173 |
| 14 | $14,290 | $5,848 | $187,326 |
| 15 | $13,836 | $6,302 | $181,024 |
| 16 | $13,347 | $6,791 | $174,233 |
| 17 | $12,819 | $7,318 | $166,915 |
| 18 | $12,251 | $7,886 | $159,029 |
| 19 | $11,639 | $8,498 | $150,531 |
| 20 | $10,979 | $9,158 | $141,372 |
| 21 | $10,268 | $9,869 | $131,503 |
| 22 | $9,502 | $10,635 | $120,868 |
| 23 | $8,676 | $11,461 | $109,407 |
| 24 | $7,787 | $12,351 | $97,056 |
| 25 | $6,828 | $13,309 | $83,747 |
| 26 | $5,795 | $14,343 | $69,404 |
| 27 | $4,681 | $15,456 | $53,948 |
| 28 | $3,481 | $16,656 | $37,292 |
| 29 | $2,188 | $17,949 | $19,343 |
| 30 | $795 | $19,343 | $0 |
Showing 360 payments. Schedule assumes a fixed rate and constant home value for PMI cancellation.
Down payment scenarios in South Dakota
| Down | Cash needed | PMI | Monthly |
|---|---|---|---|
| 3% | $9,000 | $133 | $2,612 |
| 5% | $15,000 | $131 | $2,568 |
| 10% | $30,000 | $124 | $2,456 |
| 15% | $45,000 | $117 | $2,344 |
| 20% | $60,000 | $0 | $2,122 |
| 25% | $75,000 | $0 | $2,017 |
Around the South Dakota median price
| Home price | P&I | All-in monthly |
|---|---|---|
| $225,000 | $1,259 | $1,633 |
| $300,000 | $1,678 | $2,122 |
| $375,000 | $2,098 | $2,611 |
| $450,000 | $2,517 | $3,100 |
Detailed payment examples
FAQ
What is the average property tax rate in South Dakota?
South Dakota's effective property tax rate is about 1.11% of home value per year, which is $278 per month on a $300,000 home. Rates vary by county and by exemptions, so treat this as a planning estimate.
How much is homeowners insurance in South Dakota?
A typical South Dakota policy runs around $2,000 per year ($167 per month). Coastal and hail-prone areas can be significantly higher.
Is a $300,000 home affordable in South Dakota?
At 7.50% with 20% down, the estimated all-in payment is $2,122 per month. Using the 28% rule that implies a household income near $91,000 per year before other debts.