Mortgage on a $600K house in South Dakota
$4,047 a month with 20% down — $3,229 principal and interest plus $518 property tax and $300 insurance.
South Dakota's typical property tax is 1.04% of the home's value a year (U.S. average 0.9%), which adds $518 a month on a $600K home. The typical home in South Dakota is worth $317,874, so $600K is 89% above the typical price.
$600K home in South Dakota: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $120,000 | $480,000 | $3,229 | $0 | $818 | $4,047 | $173,400 |
| 10% down | $60,000 | $540,000 | $3,633 | $225 | $818 | $4,676 | $200,400 |
| 5% down | $30,000 | $570,000 | $3,834 | $238 | $818 | $4,890 | $209,600 |
| 3.5% down (FHA) | $21,000 | $589,133 | $3,963 | $265 | $818 | $5,046 | $216,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.04% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Where in South Dakota does $600K buy a typical home?
No South Dakota county has a typical home value within 15% of $600K.
50 of 50 South Dakota counties tracked by Zillow have a typical home value at or below $600K. See all South Dakota home prices.
Other prices in South Dakota
Frequently asked questions
What is the mortgage on a $600K house in South Dakota?
About $4,047 a month with 20% down at 7.11%: $3,229 principal and interest, $518 property tax and $300 insurance.
How much do I need to make to buy a $600K house in South Dakota?
About $173,400 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $600K house in South Dakota?
At South Dakota's typical effective rate of 1.04%, about $6,215 a year. Rates vary by county and city — see the county pages.