South Dakota mortgage calculator

30-year fixed mortgage calculator with South Dakota-specific defaults. Median home price $295,000 · property tax effective rate 1.17%. All inputs update live; share your scenario as a URL.

Median home price reconciled 2026-04-22. Source: Zillow Home Value Index, state-level.

Your loan

Home price

$100k$2M

Down payment$59,000

Interest rate30-yr avg: 6.875%

Loan term

Taxes & insurance

(optional, but realistic)

State

South Dakota

State pre-set for this page. Switch state

Property tax rate

~$288 per month

Homeowner insurance

HOA dues (if any)

PMI required. With 20% down (LTV 80.0%), private mortgage insurance is added at 0.50% of the loan annually — that's $98/month. PMI auto-removes at month 28 (78% LTV, per the Homeowners Protection Act).

Extra payments

(optional — accelerate payoff)

Biweekly paymentsPay half the monthly amount every two weeks (26 half-payments per year ≈ 13 monthly equivalents). Typically saves 4-7 years and tens of thousands in interest on a 30-year loan.

Extra each month

Applied as additional principal every month.

One-time lump sum

Single payment toward principal at the specified month (e.g. tax refund or bonus).

Estimated monthly payment

For a $295,000 home, 20% down, 6.875% APR, 30-year fixed in South Dakota.

Where your payment goes

Principal & interest$1,550

Property tax$288

Homeowner insurance$145

PMI$98

Loan amount

$236,000

Total interest

$322,127

Total paid

$558,127

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How your balance falls over time

The crossover point — where more of each payment goes to principal than interest — is at year 20.

BalanceInterest paidPrincipal paid

Amortization schedule

Year-by-year breakdown of every payment.

Period	Payment	Principal	Interest	Total interest paid	Balance
Y01Year 1	$18,604	$2,456	$16,149	$16,149	$233,544
Y02Year 2	$18,604	$2,630	$15,974	$32,123	$230,914
Y03Year 3	$18,604	$2,817	$15,788	$47,911	$228,098
Y04Year 4	$18,604	$3,016	$15,588	$63,498	$225,082
Y05Year 5	$18,604	$3,230	$15,374	$78,872	$221,851
Y06Year 6	$18,604	$3,460	$15,145	$94,017	$218,392
Y07Year 7	$18,604	$3,705	$14,899	$108,916	$214,686
Y08Year 8	$18,604	$3,968	$14,636	$123,552	$210,718
Y09Year 9	$18,604	$4,250	$14,355	$137,907	$206,469
Y10Year 10	$18,604	$4,551	$14,053	$151,960	$201,918
Y11Year 11	$18,604	$4,874	$13,730	$165,690	$197,044
Y12Year 12	$18,604	$5,220	$13,384	$179,074	$191,824
Y13Year 13	$18,604	$5,590	$13,014	$192,088	$186,233
Y14Year 14	$18,604	$5,987	$12,617	$204,706	$180,246
Y15Year 15	$18,604	$6,412	$12,192	$216,898	$173,835
Y16Year 16	$18,604	$6,867	$11,737	$228,635	$166,968
Y17Year 17	$18,604	$7,354	$11,250	$239,886	$159,614
Y18Year 18	$18,604	$7,876	$10,728	$250,614	$151,738
Y19Year 19	$18,604	$8,435	$10,169	$260,783	$143,303
Y20Year 20	$18,604	$9,033	$9,571	$270,354	$134,270
Y21Year 21	$18,604	$9,674	$8,930	$279,284	$124,596
Y22Year 22	$18,604	$10,361	$8,244	$287,528	$114,235
Y23Year 23	$18,604	$11,096	$7,508	$295,036	$103,139
Y24Year 24	$18,604	$11,883	$6,721	$301,757	$91,256
Y25Year 25	$18,604	$12,726	$5,878	$307,635	$78,530
Y26Year 26	$18,604	$13,629	$4,975	$312,610	$64,900
Y27Year 27	$18,604	$14,597	$4,008	$316,618	$50,303
Y28Year 28	$18,604	$15,632	$2,972	$319,589	$34,671
Y29Year 29	$18,604	$16,742	$1,863	$321,452	$17,930
Y30Year 30	$18,604	$17,930	$675	$322,127	$0

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South Dakota — related

South Dakota income tax

Top marginal — · No income tax

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Compare scenarios

Up to three mortgage scenarios side-by-side with a differential row.

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National 30-year fixed

Same calculator with cross-state defaults; manually pick any state.

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Last updated 2026-05-13