Not financial advice. Mortgage FV Calculator is a software calculator, not a personal-finance product or advisory service. It computes standard financial functions and displays the results for your convenience. Nothing here constitutes, or is intended to constitute, financial, investment, tax, legal, mortgage, credit, or insurance advice. Always consult a qualified professional before making any financial decision.
Aberdeen mortgage calculator
A median-priced Aberdeen, SD home at 6.75% over 30 years, with South Dakota property tax of 1.08% and $2,900 a year of homeowners insurance. Every figure below is computed on our amortising engine — nothing is estimated in the browser.
$1,958 a month, all in
Principal and interest are $1,401; escrow and PMI add the rest. Over the full term the loan costs $288,350 in interest. Discounted at 5%, buying here has a net present value of $-5,794 ($132,995 in today’s dollars).
Within South Dakota, Aberdeen is the cheapest of the 3 South Dakota markets covered here — Sioux Falls runs about 1.25x these prices. Buyers priced out of the expensive end of the state often end up comparing exactly this pair.
Aberdeen is cheaper than South Dakota as a whole — $240,000 against a state median of $300,000, roughly 20% below. On a 20% deposit that is $12,000 less to find up front.
A price-to-rent ratio of 18.8 puts Aberdeen in the middle of the range, where the rent-vs-buy answer is decided by how long you stay and what the deposit would otherwise earn.
Monthly cost in Aberdeen vs comparable rent
Owning is stacked by component; renting is the local median asking rent.
The monthly breakdown
| Median home price | $240,000 |
|---|---|
| Down payment (10%) | $24,000 |
| Loan amount | $216,000 |
| Principal & interest | $1,401/mo |
| Property tax (1.08%) | $216/mo |
| Homeowners insurance | $242/mo |
| PMI while above 80% LTV | $99/mo |
| Total monthly payment | $1,958/mo |
| Comparable rent | $1,063/mo |
What a rate move does to the Aberdeen payment
| Rate | Principal & interest |
|---|---|
| 5.5% | $1,226/mo |
| 6% | $1,295/mo |
| 6.5% | $1,365/mo |
| 7% | $1,437/mo |
| 7.5% | $1,510/mo |
| 8% | $1,585/mo |
Rent or buy in Aberdeen?
Against $1,063 a month in rent, over 7 years renting leaves you about $62,654 better off — $52,709 once 2.5% inflation is stripped out. See the South Dakota rent-vs-buy page.
Where these numbers come from
South Dakota medians come from editorial and are refreshed weekly. The Aberdeen figures index those state medians to the local market, so they track the same feed rather than going stale. Insurance and the state income tax rate are editorial. Treat everything here as a planning estimate, not a quote.