South Dakota closing cost calculator

South Dakota buyers pay no transfer or mortgage tax.

South Dakota’s rules checked September 30, 2026Runs in your browser. Nothing you type is saved.

State Closing date

South Dakota: Transfer fee: 0.1% of the price, and the seller usually pays it. Owner’s title is usually paid by the seller.

Purchase price

$

The loan

Loan type

Down payment

Interest rate

%

Term

Estimated cash to close $63,726

2%closing costs

Purchase price$290,000
Down payment (20%)$58,000
- Loan amount$232,000
Loan costs+$3,020
- Origination and lender feesest.+$2,320
- Appraisalest.+$700
Title and closing+$1,350
- Lender’s title insuranceest.+$500
- Settlement or escrow feeest.+$600
- Recording feesest.+$250
Taxes−$2,685
- Property tax credit from the sellerest.−$2,685
Prepaids and escrow+$3,591
- Homeowner’s insurance, first yearest.+$1,500
- Prepaid interest (27 days)est.+$1,116
- Property tax escrow (3 months)est.+$725
- Insurance escrow (2 months)est.+$250
Other costs+$450
- Home inspectionest.+$450
Cash to close$63,726

Estimated monthly payment$1,833

Principal and interest$1,466
Mortgage insurance$0
Property taxes$242
Insurance$125
HOA dues$0

An estimate, not a Loan Estimate or Closing Disclosure. Your lender's Loan Estimate and the title or escrow company give the final figures. Rates, fees and insurance vary by lender and property.

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A South Dakota purchase, worked out

The calculator opens on $290,000, about the median value of an owner-occupied home in South Dakota ($289,600, 2024 Census estimate), with 20% down on a 30-year conventional loan and a closing on December 5, 2026.

The buyer brings about $63,726: $58,000 down and $5,726 in closing costs, 2% of the price. South Dakota charges the buyer no state transfer or mortgage tax. The monthly payment comes to about $1,833, with property tax and insurance.

Cash to close on $290,000, 20% down
Down payment	$58,000
Origination and lender feesest.	+$2,320
Appraisalest.	+$700
Lender’s title insuranceest.	+$500
Settlement or escrow feeest.	+$600
Recording feesest.	+$250
Property tax credit from the sellerest.	−$2,685
Homeowner’s insurance, first yearest.	+$1,500
Prepaid interest (27 days)est.	+$1,116
Property tax escrow (3 months)est.	+$725
Insurance escrow (2 months)est.	+$250
Home inspectionest.	+$450
Cash to close	$63,726

Estimates are tagged “est.”; South Dakota’s taxes follow its rules. A “−” is a credit, like the seller’s share of this year’s property tax where it’s paid after the year ends.

At other prices

South Dakota has no state tax of its own on the buyer. Each row has 20% down on a conventional loan.

Price	South Dakota’s buyer taxes	Closing costs	Cash to close	Monthly payment
$250,000	—	$5,522	$55,522	$1,597
$500,000	—	$7,960	$107,960	$3,153
$750,000	—	$10,850	$160,850	$4,730
$1,000,000	—	$13,800	$213,800	$6,307
$2,000,000	—	$25,599	$425,599	$12,613

Buying in South Dakota: what to know

No buyer’s taxes

South Dakota has no buyer-paid transfer or mortgage tax.

Transfer fee

South Dakota’s real estate transfer fee is $0.50 per $500 of value (0.1%), rounded up to the next $500, and the law says the seller pays it.

Title insurance

The seller customarily provides and pays for the owner’s policy in South Dakota.

Who runs the closing

Title companies close South Dakota sales. An attorney isn’t required.

Property taxes and escrow

South Dakota taxes for a year are generally payable the following year, with the first half due April 30 and the second half October 31, so they are paid in arrears and the seller credits the buyer.

Buying in South Dakota: questions

What taxes does a buyer pay in South Dakota?

None on the transfer or the loan. South Dakota buyers pay recording fees only.

When are property taxes due in South Dakota?

Generally in halves on April 30 and October 31 of the year after the tax year.

Who closes a home sale in South Dakota?

Title companies close most South Dakota sales; an attorney isn’t required.

How much are closing costs in South Dakota?

On a $290,000 home with 20% down on a conventional loan, the calculator’s estimates put a South Dakota buyer’s closing costs at about $5,726, or 2% of the price, and cash to close at $63,726. South Dakota charges the buyer no state transfer or mortgage tax. Lender fees, insurance and the rate vary, so put in your lender’s Loan Estimate for a closer number.

Is anything I type saved?

No. The calculator runs in your browser and sends nothing to us. A copied link carries the numbers in the address itself, so only people you share it with can open them.