South Dakota closing cost calculator

When the sale wraps up, these fees and prepaid bills come due and add to your down payment. Our South Dakota starting figure is $317,874, the September 2026 reading in the Zillow Home Value Index The example uses $63,600 down and a $254,400 mortgage after rounding the figure to $318,000.

For the buyer, those charges total $6,655, roughly 2.1% of the sale price. The down payment brings your cash at closing to $70,255.

The $2,544 lender setup fee is the largest charge, and it covers what the lender charges to arrange your mortgage. You won't see the $318 transfer fee on your side, since the seller pays it.

This example won't match your figures; enter the price and down payment now to get a total of your own before making an offer.

South Dakota sets the charge at 50 cents for every $500 of value, and any leftover part of a $500 counts too. That works out to roughly 0.1% of the sale price, so a $100,000 sale involves a fee of about $100. State law puts the seller in charge of it, which keeps this charge off the buyer's side.

A sale of $400,000 results in a $400 fee. South Dakota ranks 34th from the top among the 36 states that charge a transfer tax (DC included), which puts the fee near the bottom of the list.

Ownership issues might affect the property, and title insurance covers them; an old claim that appears later is one example. No single rate is set by the state for this coverage. Each insurer submits rates by county, so where the home is located affects the premium.

Called an abstracter, a local title professional approves the policy and may charge as much as half of the premium, plus $75 for every extra ownership history they search. In this example, the owner's title policy comes to $1,336.

At the county register of deeds, recording a deed or a mortgage costs $30, covering the first 50 pages. Each page past that limit adds $2, so a 52-page document has a cost of $34. The Fall River County schedule sets these amounts. To be accepted for recording, documents must also meet the state's format standards

In September 2026, South Dakota's least expensive third of homes was about $184,541, and its priciest third reached $530,996. For a home at either end, a 20% down payment leaves buyer closing costs ranging from $4,327 to $9,760.

Put in the price of the home you're considering to see an estimate for your purchase.

Nationally, Redfin says buyers' agents made 2.42% of the sale price on average. Enter a rate and the calculator adds commission, giving you a complete view of the costs in your deal.

Broker commissions in South Dakota face a 4.2% state sales tax, plus local sales tax of 1% to 2%. In South Dakota, broker commissions are taxed when the broker gets paid, usually at closing; check whether that tax is included in the commission costs you review.

According to the US Census, the median property tax bill each year for owner-occupied homes in South Dakota is $2,724, a figure that comes to roughly 1.06% of the median value of homes.

Although a Michigan Bar Journal article names South Dakota among the states that don't require an attorney at closing, the article isn't South Dakota law itself.