Typical South Dakota mortgage payment
The median home price in South Dakota is roughly $290,000. Here's the estimated monthly principal & interest payment on that amount, by rate and term:
| Rate | 15-year | 30-year |
|---|---|---|
| 5.00% | $2,293 | $1,557 |
| 5.50% | $2,370 | $1,647 |
| 6.00% | $2,447 | $1,739 |
| 6.50% | $2,526 | $1,833 |
| 7.00% | $2,607 | $1,929 |
| 7.50% | $2,688 | $2,028 |
| 8.00% | $2,771 | $2,128 |
At 6.50% over 30 years, a $290,000 home in South Dakota costs about $1,833/month in principal & interest.
What affects your South Dakota payment?
- Property taxes & insurance vary by county and aren't included above.
- Down payment: 20% down avoids private mortgage insurance (PMI).
- Loan term: a 15-year loan saves enormous interest vs. 30 years.
Median price is an approximate estimate. Figures are principal & interest only and exclude taxes, insurance and fees. Not financial advice.