VA Loan Calculator — South Dakota
An eligible VA borrower can buy the typical South Dakota home ($322,000) with no down payment. The 2.15% first-use funding fee ($6,923) is rolled into a $328,923 loan, and there is no monthly mortgage insurance — saving about $144 a month versus FHA MIP on the same home.
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.
Loan Parameters
Total Monthly Payment
$2,777
Principal & Interest + Taxes + Insurance · no mortgage insurance
APR 7.242%
Total Interest
$461,267
Total Cost
$999,588
Advanced Parameters
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
N/A
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | PMI | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $26,340 | $3,322 | $23,018 | — | $325,601 | -$3,601 |
| Year 2 | $26,340 | $3,563 | $22,776 | — | $322,038 | -$38 |
| Year 3 | $26,340 | $3,822 | $22,518 | — | $318,216 | $3,784 |
| Year 4 | $26,340 | $4,099 | $22,240 | — | $314,117 | $7,883 |
| Year 5 | $26,340 | $4,397 | $21,943 | — | $309,720 | $12,280 |
| Year 6 | $26,340 | $4,716 | $21,623 | — | $305,004 | $16,996 |
| Year 7 | $26,340 | $5,059 | $21,281 | — | $299,945 | $22,055 |
| Year 8 | $26,340 | $5,426 | $20,914 | — | $294,519 | $27,481 |
| Year 9 | $26,340 | $5,820 | $20,520 | — | $288,699 | $33,301 |
| Year 10 | $26,340 | $6,243 | $20,097 | — | $282,456 | $39,544 |
| Year 11 | $26,340 | $6,696 | $19,644 | — | $275,760 | $46,240 |
| Year 12 | $26,340 | $7,182 | $19,157 | — | $268,578 | $53,422 |
| Year 13 | $26,340 | $7,704 | $18,636 | — | $260,875 | $61,125 |
| Year 14 | $26,340 | $8,263 | $18,077 | — | $252,612 | $69,388 |
| Year 15 | $26,340 | $8,863 | $17,477 | — | $243,749 | $78,251 |
| Year 16 | $26,340 | $9,506 | $16,833 | — | $234,243 | $87,757 |
| Year 17 | $26,340 | $10,197 | $16,143 | — | $224,046 | $97,954 |
| Year 18 | $26,340 | $10,937 | $15,403 | — | $213,109 | $108,891 |
| Year 19 | $26,340 | $11,731 | $14,608 | — | $201,378 | $120,622 |
| Year 20 | $26,340 | $12,583 | $13,757 | — | $188,795 | $133,205 |
| Year 21 | $26,340 | $13,497 | $12,843 | — | $175,298 | $146,702 |
| Year 22 | $26,340 | $14,477 | $11,863 | — | $160,822 | $161,178 |
| Year 23 | $26,340 | $15,528 | $10,812 | — | $145,294 | $176,706 |
| Year 24 | $26,340 | $16,655 | $9,684 | — | $128,639 | $193,361 |
| Year 25 | $26,340 | $17,865 | $8,475 | — | $110,774 | $211,226 |
| Year 26 | $26,340 | $19,162 | $7,178 | — | $91,612 | $230,388 |
| Year 27 | $26,340 | $20,553 | $5,787 | — | $71,059 | $250,941 |
| Year 28 | $26,340 | $22,045 | $4,294 | — | $49,014 | $272,986 |
| Year 29 | $26,340 | $23,646 | $2,693 | — | $25,368 | $296,632 |
| Year 30 | $26,344 | $25,368 | $977 | — | $0 | $322,000 |
VA Loan numbers for South Dakota
- Typical South Dakota home value
- $322,000
- 0% down ($0) · Zillow, August 31, 2026
- Loan amount
- $328,923
- Includes $6,923 financed funding fee
- Estimated monthly payment
- $2,777
- APR 7.242%
- South Dakota property tax
- 1.00%
- $268/mo
- Homeowners insurance
- $3,760/yr
- $313/mo
- VA funding fee (first use)
- 2.15% · $6,923
- Financed; exempt with VA disability compensation
- Monthly savings vs FHA MIP
- $144/mo
- Same $322,000 home, FHA at 3.5% down
How much house can you afford in South Dakota with a va loan?
Highest price where principal, interest, South Dakota property tax and insurance, with the 2.15% VA funding fee financed and no monthly mortgage insurance stay within 28% of gross income —0% 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 | $111,000 | $0 | 35% |
| $75,000 | $1,750 | $187,000 | $0 | 58% |
| $100,000 | $2,333 | $264,000 | $0 | 82% |
| $125,000 | $2,917 | $340,000 | $0 | 106% |
| $150,000 | $3,500 | $416,000 | $0 | 129% |
| $200,000 | $4,667 | $569,000 | $0 | 177% |
| $250,000 | $5,833 | $721,000 | $0 | 224% |
VA vs other loan types 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 payment on a $322,000 home with a va loan in South Dakota?
Estimated $2,777 per month ($2,195 principal & interest, $268 property tax, $313 insurance) at 7.03% for 30 years, with 0% down. APR 7.242%.
How much is the VA funding fee on a $322,000 South Dakota home?
$6,923 (2.15%) for a first-time user with no down payment. Putting 5% down lowers it to 1.5%, and 10% down to 1.25%.
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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
- 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
- VA — Funding fee and closing costs
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.