South Dakota Mortgage Calculator
South Dakota has the 18th-highest effective property tax rate of the 50 states at 1.00% — $290 more a year than the 0.91% state average on a $322,000 home. Homeowners insurance averages $3,760 a year, the 10th-highest premium nationally and $1,040 more than the typical state.
All 66 South Dakota counties use the $832,750 baseline conforming limit for 2026, so any one-unit loan above it is a jumbo loan. FHA limits run from $541,287 to $832,750 by county.
On a $322,000 home, property tax and insurance add $582 a month in South Dakota, compared with $315 in Wyoming, $432 in Montana, $495 in North Dakota, $496 in Minnesota, $599 in Iowa, $766 in Nebraska.
Loan Parameters
Total Monthly Payment
$2,689
Principal & Interest + Taxes + Insurance
APR 7.488%
Total Interest
$406,399
Total Cost
$922,985
Advanced Parameters
Private Mortgage Insurance (PMI)
Your down payment is below 20%. PMI is estimated at 0.72% annually and is removed here when your LTV reaches 80%.
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
Feb 2035
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | PMI | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $23,207 | $2,927 | $20,280 | $2,087 | $286,873 | $35,127 |
| Year 2 | $23,207 | $3,139 | $20,067 | $2,087 | $283,734 | $38,266 |
| Year 3 | $23,207 | $3,367 | $19,839 | $2,087 | $280,366 | $41,634 |
| Year 4 | $23,207 | $3,612 | $19,595 | $2,087 | $276,755 | $45,245 |
| Year 5 | $23,207 | $3,874 | $19,333 | $2,087 | $272,881 | $49,119 |
| Year 6 | $23,207 | $4,155 | $19,051 | $2,087 | $268,725 | $53,275 |
| Year 7 | $23,207 | $4,457 | $18,750 | $2,087 | $264,268 | $57,732 |
| Year 8 | $23,207 | $4,781 | $18,426 | $2,087 | $259,487 | $62,513 |
| Year 9 | $23,207 | $5,128 | $18,079 | $696 | $254,360 | $67,640 |
| Year 10 | $23,207 | $5,500 | $17,706 | — | $248,859 | $73,141 |
| Year 11 | $23,207 | $5,900 | $17,307 | — | $242,960 | $79,040 |
| Year 12 | $23,207 | $6,328 | $16,879 | — | $236,632 | $85,368 |
| Year 13 | $23,207 | $6,787 | $16,419 | — | $229,845 | $92,155 |
| Year 14 | $23,207 | $7,280 | $15,926 | — | $222,564 | $99,436 |
| Year 15 | $23,207 | $7,809 | $15,398 | — | $214,755 | $107,245 |
| Year 16 | $23,207 | $8,376 | $14,831 | — | $206,380 | $115,620 |
| Year 17 | $23,207 | $8,984 | $14,223 | — | $197,396 | $124,604 |
| Year 18 | $23,207 | $9,636 | $13,570 | — | $187,759 | $134,241 |
| Year 19 | $23,207 | $10,336 | $12,871 | — | $177,423 | $144,577 |
| Year 20 | $23,207 | $11,087 | $12,120 | — | $166,337 | $155,663 |
| Year 21 | $23,207 | $11,892 | $11,315 | — | $154,445 | $167,555 |
| Year 22 | $23,207 | $12,755 | $10,452 | — | $141,690 | $180,310 |
| Year 23 | $23,207 | $13,681 | $9,526 | — | $128,009 | $193,991 |
| Year 24 | $23,207 | $14,674 | $8,532 | — | $113,335 | $208,665 |
| Year 25 | $23,207 | $15,740 | $7,467 | — | $97,595 | $224,405 |
| Year 26 | $23,207 | $16,883 | $6,324 | — | $80,712 | $241,288 |
| Year 27 | $23,207 | $18,109 | $5,098 | — | $62,603 | $259,397 |
| Year 28 | $23,207 | $19,424 | $3,783 | — | $43,179 | $278,821 |
| Year 29 | $23,207 | $20,834 | $2,373 | — | $22,345 | $299,655 |
| Year 30 | $23,205 | $22,345 | $860 | — | $0 | $322,000 |
South Dakota mortgage data
- Typical home value
- $321,574
- Zillow ZHVI, August 31, 2026 (U.S. $368,697)
- Effective property tax rate
- 1.00%
- $3,220/yr on a $322,000 home
- Average homeowners insurance
- $3,760/yr
- $313/mo
- 2026 conforming loan limit
- $832,750
- 66 counties
- High-cost counties
- 0
- None — baseline limit statewide
- 2026 FHA loan limit (1-unit)
- $541,287 – $832,750
- Varies by county — confirm on HUD
- Current 30-yr / 15-yr fixed average
- 7.03% / 6.42%
- Freddie Mac PMMS, September 24, 2026
South Dakota calculators by loan type
How much house can you afford in South Dakota?
Highest price where principal, interest, South Dakota property tax, insurance and PMI stay within 28% of gross income —10% down, 30-year fixed at 7.03%. Other debts lower these numbers.
| Household income | Housing budget / mo | Max home price | Down payment | vs typical home |
|---|---|---|---|---|
| $50,000 | $1,167 | $115,000 | $11,500 | 36% |
| $75,000 | $1,750 | $194,000 | $19,400 | 60% |
| $100,000 | $2,333 | $273,000 | $27,300 | 85% |
| $125,000 | $2,917 | $352,000 | $35,200 | 109% |
| $150,000 | $3,500 | $431,000 | $43,100 | 134% |
| $200,000 | $4,667 | $589,000 | $58,900 | 183% |
| $250,000 | $5,833 | $748,000 | $74,800 | 233% |
South Dakota mortgage payment by loan amount
30-year fixed at 7.03%, 20% down, with South Dakota property tax and insurance on the matching home price.
| Loan amount | P&I | Total / month | Income needed | Loan type |
|---|---|---|---|---|
| $150,000 mortgage | $1,001 | $1,471 | $64,000 | Conforming |
| $175,000 mortgage | $1,168 | $1,663 | $72,000 | Conforming |
| $200,000 mortgage | $1,335 | $1,856 | $80,000 | Conforming |
| $225,000 mortgage | $1,501 | $2,049 | $88,000 | Conforming |
| $250,000 mortgage | $1,668 | $2,242 | $97,000 | Conforming |
| $275,000 mortgage | $1,835 | $2,435 | $105,000 | Conforming |
| $300,000 mortgage | $2,002 | $2,628 | $113,000 | Conforming |
| $325,000 mortgage | $2,169 | $2,821 | $121,000 | Conforming |
| $350,000 mortgage | $2,336 | $3,014 | $130,000 | Conforming |
| $375,000 mortgage | $2,502 | $3,206 | $138,000 | Conforming |
| $400,000 mortgage | $2,669 | $3,399 | $146,000 | Conforming |
| $425,000 mortgage | $2,836 | $3,592 | $154,000 | Conforming |
| $450,000 mortgage | $3,003 | $3,785 | $163,000 | Conforming |
| $475,000 mortgage | $3,170 | $3,978 | $171,000 | Conforming |
| $500,000 mortgage | $3,337 | $4,171 | $179,000 | Conforming |
| $525,000 mortgage | $3,503 | $4,364 | $188,000 | Conforming |
| $550,000 mortgage | $3,670 | $4,557 | $196,000 | Conforming |
| $575,000 mortgage | $3,837 | $4,749 | $204,000 | Conforming |
| $600,000 mortgage | $4,004 | $4,942 | $212,000 | Conforming |
| $625,000 mortgage | $4,171 | $5,135 | $221,000 | Conforming |
| $650,000 mortgage | $4,338 | $5,328 | $229,000 | Conforming |
| $675,000 mortgage | $4,504 | $5,521 | $237,000 | Conforming |
| $700,000 mortgage | $4,671 | $5,714 | $245,000 | Conforming |
| $725,000 mortgage | $4,838 | $5,907 | $254,000 | Conforming |
| $750,000 mortgage | $5,005 | $6,099 | $262,000 | Conforming |
| $775,000 mortgage | $5,172 | $6,292 | $270,000 | Conforming |
| $800,000 mortgage | $5,339 | $6,485 | $278,000 | Conforming |
| $825,000 mortgage | $5,505 | $6,678 | $287,000 | Conforming |
| $850,000 mortgage | $5,672 | $6,871 | $295,000 | Jumbo |
| $875,000 mortgage | $5,839 | $7,064 | $303,000 | Jumbo |
| $900,000 mortgage | $6,006 | $7,257 | $312,000 | Jumbo |
| $925,000 mortgage | $6,173 | $7,450 | $320,000 | Jumbo |
| $950,000 mortgage | $6,340 | $7,642 | $328,000 | Jumbo |
| $975,000 mortgage | $6,506 | $7,835 | $336,000 | Jumbo |
| $1,000,000 mortgage | $6,673 | $8,028 | $345,000 | Jumbo |
| $1,100,000 mortgage | $7,341 | $8,800 | $378,000 | Jumbo |
| $1,200,000 mortgage | $8,008 | $9,571 | $411,000 | Jumbo |
| $1,300,000 mortgage | $8,675 | $10,343 | $444,000 | Jumbo |
| $1,400,000 mortgage | $9,342 | $11,114 | $477,000 | Jumbo |
| $1,500,000 mortgage | $10,010 | $11,886 | $510,000 | Jumbo |
Loan programs compared in South Dakota
$322,000 home, each program's typical minimum or default down payment, current average 30-year rate.
| Loan type | Down | Loan amount | Upfront fee | Monthly MI | Total / month | APR |
|---|---|---|---|---|---|---|
| Conventional | 10% · $32,200 | $289,800 | — | $174 PMI | $2,689 | 7.488% |
| FHA | 3.5% · $11,270 | $316,168 | UFMIP $5,438 | $144 MIP | $2,836 | 7.761% |
| VA | 0% · $0 | $328,923 | Funding fee $6,923 | $0 | $2,777 | 7.242% |
| JumboLoan is conforming (≤ $832,750) | 20% · $64,400 | $257,600 | — | $0 | $2,301 | 7.030% |
Frequently asked questions
What is the monthly mortgage payment on a $322,000 home in South Dakota?
$322,000 is the typical South Dakota home value. With 10% down on a conventional loan, the estimated payment is $2,689 per month ($1,934 principal & interest, $268 property tax, $313 insurance, $174 PMI) at 7.03% for 30 years, including South Dakota's 1.00% effective property tax rate.
What is the 2026 conforming loan limit in South Dakota?
$832,750 for a one-unit home in all 66 counties. Larger loans are jumbo loans.
How much income do I need for a $322,000 home in South Dakota?
About $116,000 a year if housing costs stay within 28% of gross income — a common lender guideline. Lenders also look at total debt-to-income, usually capped around 43%–50%.
How much house can I afford in South Dakota on a $100,000 salary?
About $273,000 with 10% down, keeping the payment (including South Dakota property tax, insurance and PMI) within 28% of gross income at 7.03%. The typical South Dakota home ($321,574) needs roughly $116,000 a year.
Explore related calculators
South Dakota calculators by loan type
Data sources & assumptions
- Freddie Mac Primary Mortgage Market Survey (PMMS) — Weekly average as of September 24, 2026
- Zillow Home Value Index (ZHVI), typical home value, all homes — Default home prices; typical value as of August 31, 2026
- FHFA 2026 Conforming Loan Limit Values (one-unit) — 2026 one-unit limits, 56 states & territories
- HUD FHA Mortgage Limits lookup — FHA floor $541,287; high-cost counties follow the conforming limit — confirm on HUD
- Effective statewide property tax rate (Tax Foundation, 2026 projections) — Statewide effective rate; county rates vary
- Average annual homeowners premium, $300K dwelling / $1K deductible (industry survey averages) — Statewide average premium
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.