Current Avg. Rates: 6.46% 30-yr fixed|5.77% 15-yr fixed
Source: Freddie Mac Primary Mortgage Market Survey
Source: Freddie Mac Primary Mortgage Market Survey
South Dakota Mortgage Calculator
Calculate your estimated mortgage payment for a home in South Dakota. Pre-filled with South Dakota's average home price of $280,000, property tax rate of 1.28%, and typical insurance costs.
$280,000
Avg. Home Price
1.28%
Property Tax Rate
$2,000
Avg. Annual Insurance
Your Monthly Payment (PITI)
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Principal + Interest + Tax + Insurance
Monthly Breakdown
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Property Tax
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Insurance
Loan Overview
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Total Interest
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Payoff Date
Bi-Weekly Option
? Pay half your monthly payment every two weeks — you'll make 26 half-payments (13 full payments) per year instead of 12
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Bi-Weekly Payment
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Total Interest
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Payoff Date
South Dakota Mortgage at a Glance
| Average home price | $280,000 |
| Property tax rate | 1.28% ($3,584/year) |
| Average insurance | $2,000/year |
| Est. monthly PITI | $1,881 (20% down, 6.5%) |
| Total interest (30yr) | $285,700 |
| Income needed (28% rule) | $80,621/year |
South Dakota has no state income tax, and Sioux Falls offers a growing job market with affordable housing relative to national averages.
South Dakota Cities
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