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.
Sioux Falls mortgage calculator
A median-priced Sioux Falls, 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.
$2,387 a month, all in
Principal and interest are $1,751; escrow and PMI add the rest. Over the full term the loan costs $360,437 in interest. Discounted at 5%, buying here has a net present value of $-81 ($175,648 in today’s dollars).
Within South Dakota, Sioux Falls is the most expensive of the 3 South Dakota markets covered here. Prices here run 1.25x those in Aberdeen, the cheapest market listed, so a statewide average badly understates what a purchase costs on this side of the state.
A price-to-rent ratio of 19.0 puts Sioux Falls 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.
Rents here are high relative to prices — a rent index of 1.05 against a price index of 1.00. That combination favours buying sooner, because the payment you avoid is larger relative to the price you pay.
Monthly cost in Sioux Falls vs comparable rent
Owning is stacked by component; renting is the local median asking rent.
The monthly breakdown
| Median home price | $300,000 |
|---|---|
| Down payment (10%) | $30,000 |
| Loan amount | $270,000 |
| Principal & interest | $1,751/mo |
| Property tax (1.08%) | $270/mo |
| Homeowners insurance | $242/mo |
| PMI while above 80% LTV | $124/mo |
| Total monthly payment | $2,387/mo |
| Comparable rent | $1,313/mo |
What a rate move does to the Sioux Falls payment
| Rate | Principal & interest |
|---|---|
| 5.5% | $1,533/mo |
| 6% | $1,619/mo |
| 6.5% | $1,707/mo |
| 7% | $1,796/mo |
| 7.5% | $1,888/mo |
| 8% | $1,981/mo |
Rent or buy in Sioux Falls?
Against $1,313 a month in rent, over 7 years renting leaves you about $73,177 better off — $61,562 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 Sioux Falls 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.