How much are closing costs in South Dakota?
A buyer in South Dakota pays about $5,691 in closing costs on a $290,000 home. That is 2% of the price, plus about $3,432 of prepaids. A seller pays about $1,131 (0.4%) before commission, or $15,631 with a 5% commission.
Below is each buyer and seller cost in South Dakota, line by line, and who pays it by custom. Rates checked 2026-09-29.
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| Real estate commission (5%) | −$14,500 |
| First mortgage payoff | −$175,000 |
| Real estate transfer fee | −$290 |
| Release / satisfaction recording | −$30 |
| Title insurance and settlement | −$771 |
| Other closing fees | −$40 |
| Estimated net to seller | $99,369 |
Who pays closing costs in South Dakota?
Each side pays its own costs. Owner's policy commonly split 50/50. In South Dakota, each title insurer files its own rates. So prices differ between title companies. The net sheet uses typical rates. The title company that runs the closing gives the final quote. A title company usually runs the closing. The table shows a $290,000 sale at statewide rates. The contract can change who pays.
| Cost | Paid by | Seller | Buyer |
|---|---|---|---|
| Real estate transfer fee | Seller | $290 | – |
| Owner's title insurance policy | Split | $521 | $521 |
| Lender's title insurance policy | Buyer | – | $200 |
| Lender-required endorsements | Buyer | – | $150 |
| Settlement / closing fee | Split | $250 | $250 |
| Survey | Buyer | – | $450 |
| Deed recording fee | Buyer | – | $30 |
| Release / satisfaction recording | Seller | $30 | – |
| Mortgage recording fee | Buyer | – | $60 |
| Wire / courier / payoff processing | Seller | $40 | – |
| Loan origination (1%) | Buyer | – | $2,320 |
| Appraisal | Buyer | – | $550 |
| Credit report | Buyer | – | $60 |
| Underwriting / processing | Buyer | – | $995 |
| Flood certification | Buyer | – | $25 |
| Tax service fee | Buyer | – | $80 |
How much do buyers pay at closing in South Dakota?
A South Dakota buyer pays about $5,691 in closing costs on a $290,000 home with 20% down. That covers lender fees, the lender's title policy and recording. Prepaid interest, insurance and escrow add about $3,432. The seller's property tax credit takes off $3,199. With the $58,000 down payment, cash to close is about $63,924. That is for a July 1 closing, the same as the calculator.
How much are seller closing costs in South Dakota?
A South Dakota seller pays about $1,131 before commission on a $290,000 sale. The costs are: real estate transfer fee, owner's title insurance policy, settlement / closing fee, release / satisfaction recording, wire / courier / payoff processing. With a 5% commission, the total is about $15,631. The loan payoff and the property tax proration also come out of the proceeds.
How do South Dakota closing costs change with price?
They go up with the price. On a $1,000,000 home, a buyer pays about $12,313. A seller pays about $2,783 before commission.
| Sale price | Buyer closing costs | Seller costs before commission | Transfer tax |
|---|---|---|---|
| $250,000 | $5,306 | $1,026 | $250 |
| $290,000 typical home | $5,691 | $1,131 | $290 |
| $500,000 | $7,713 | $1,683 | $500 |
| $1,000,000 | $12,313 | $2,783 | $1,000 |
Do closing costs in South Dakota change by county?
No. Closing costs are the same in all 66 South Dakota counties on a $290,000 sale. The buyer pays $5,691 and the seller $1,131 before commission. No county or city adds its own transfer tax or changes who pays for title.
Are closing costs high in South Dakota?
No. South Dakota is on the low side. It ranks 12 of 51 for buyer plus seller closing costs as a share of the price, where 1 is the lowest. They come to 2.4% of the typical home value. See closing costs in every state.
South Dakota closing cost questions
How much are closing costs in South Dakota?
A buyer in South Dakota pays about $5,691 in closing costs on a $290,000 home. That is 2% of the price, plus about $3,432 of prepaids. A seller pays about $1,131 (0.4%) before commission, or $15,631 with a 5% commission. Taxes, title and lender fees change with the price and the county.
Who pays closing costs in South Dakota?
Each side pays its own. Owner's policy commonly split 50/50. The buyer pays the lender's fees, the lender's title policy and most recording fees. Transfer tax: Real estate transfer fee, paid by the seller. The contract can change any of this.
How much are closing costs for a buyer in South Dakota?
About $5,691 on a $290,000 home with 20% down. That is 2% of the price. Prepaid interest, insurance and escrow add about $3,432. The seller's property tax credit takes off $3,199. With the $58,000 down payment, cash to close is about $63,924.
How much are seller closing costs in South Dakota?
About $1,131 on a $290,000 sale before commission (0.4%). With a 5% commission, the total is about $15,631. The loan payoff and the property tax proration also come out of the seller's proceeds.
Does South Dakota have a transfer tax?
Yes. On a $290,000 home, the transfer tax is about $290 at statewide rates. Some counties and cities differ. The South Dakota transfer tax calculator lists every rate.
Is there a free closing cost calculator for South Dakota?
Yes. The calculator on this page uses South Dakota rates and local customs, for a seller or a buyer. The full NetSheet.org calculator adds prorations, credits and a PDF. Both are free.
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