Calculate the down payment needed for a home and the payment it produces in South Dakota.
Computes the exact down payment for a South Dakota home and the resulting principal-and-interest payment. Below 20% down, most U.S. lenders add private mortgage insurance.
Down payment
Down payment = price × pct; payment = amortized loan
Estimate only.
At least 20% avoids PMI, but many first-time buyers use 3–10% with PMI.
Rates are approximate reference values. Local rates, exemptions and rules can differ, so treat the output as a planning figure only.