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Cash-Out Refinance Rates in South Dakota

See current cash-out refinance rates in SD, estimate how much cash you could take out of your home, and compare a cash-out refinance with a HELOC or home equity loan.

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Current South Dakota Cash-Out Refinance Rates

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Rates as of November 3, 2026 · Typical South Dakota home price: $371,400 · Avg South Dakota property tax: 1.12% · Avg annual home insurance: $3,432

Cash-out refinances in South Dakota: Lower’s 30-year fixed cash-out rate today is 7.375% (7.762% APR) with 2.293 discount points, quoted at 70% of your home’s value. On a typical South Dakota home worth $371,400, that’s a new loan of about $259,980. These figures use a typical South Dakota home price: the average of the median prices in its largest cities (details at the bottom of the page). What you could borrow and pay depends on your own home’s value, what you owe and your credit.

How much equity have South Dakota homeowners gained?

+1.1%South Dakota home prices, past year
+35.3%South Dakota home prices, past 5 years
$96,800Est. equity from price growth over 5 years on a $371,400 home

South Dakota home prices rose 35.3% over the five years through the second quarter of 2026 and rose 1.1% over the past year, according to the Federal Housing Finance Agency’s House Price Index. That ranks South Dakota 37th among the 50 states and Washington, DC for price growth over the past year. If a home worth South Dakota’s typical home price of $371,400 kept pace with the index, it was worth about $274,600 five years ago. That’s about $96,800 in equity from price growth alone, before counting any mortgage payments.

A cash-out refinance is based on your home’s current appraised value, so price growth can increase how much cash you may be able to take out. It’s a statewide index, so prices in your area, and your home’s value, may have changed more or less.

How much cash could you take out in South Dakota?

A cash-out refinance replaces your mortgage with a larger loan, and you get the difference in cash. Here’s how that works out on a typical South Dakota home worth $371,400, depending on what you still owe.

Estimated cash before closing costs on a $371,400 home with a new loan at 70% of its value, by how much you still owe on your mortgage (shown as a share of the home’s value).

If you still oweCash with a new loan of $259,980 (70% of value)
20% of value ($74,000)$185,980
30% of value ($111,000)$148,980
40% of value ($149,000)$110,980
50% of value ($186,000)$73,980

With a new loan of $259,980 at 7.375% (7.762% APR), your estimated monthly housing cost would be about $2,428: $1,795 principal and interest, $347 property taxes and $286 homeowners insurance.

Try your own numbers

New loan at 70% of value: $259,980

Estimated cash before closing costs: $110,980

Estimated monthly principal and interest at 7.375% (7.762% APR): $1,795

Estimated property taxes and insurance (local South Dakota estimates): $633

Estimated total monthly housing cost: $2,428

How we got these numbers: The home value is the typical South Dakota home price (sources below). The new loan is 70% of that value, the loan-to-value Lower’s cash-out rate is quoted on. Monthly costs add local South Dakota property taxes of about 1.12% of value a year and homeowners insurance of about $3,432 a year. Borrowing more, up to the 80% limit that generally applies to a one-unit primary home, may mean a higher rate. Each estimate is the new loan amount minus what you owe, before closing costs and any discount points. A “—” means the new loan wouldn’t cover what you owe. These are examples, not an offer: your actual amount depends on your appraisal, your credit, your debt-to-income ratio and the property. See how much you can cash out on a refinance.

Cash-out refinance estimates in South Dakota’s largest cities

Home prices, property taxes and insurance vary from city to city across South Dakota. Here’s a cash-out refinance at 70% of value on a median-priced home in South Dakota’s 2 largest cities, using Movoto market trends data for September 2026.

Estimates for a median-priced home in each city, with a new loan at 70% of its value.

CityMedian home priceNew loan at 70%Principal and interestTaxes and insuranceTotal per month
Sioux Falls$342,900$240,030$1,657$617$2,274
Rapid City†$399,900$279,930$1,933$646$2,579

How we got these numbers: Median prices are from Movoto market trends data for September 2026. The new loan is 70% of the city’s median price, the loan-to-value Lower’s cash-out rate is quoted on. Principal and interest is at 7.375% (7.762% APR) over 30 years. Taxes and insurance use each city’s property tax rate and homeowners insurance estimate. † Uses the South Dakota average where a city tax or insurance figure isn’t available. The cash you’d get is the new loan minus what you still owe, before closing costs.

South Dakota cash-out refinance payment examples

Estimated monthly principal and interest on a 30-year fixed cash-out refinance at today’s South Dakota rate of 7.375% (7.762% APR), by new loan amount.

Monthly principal and interest by new loan amount, at 7.375% (7.762% APR), rates as of November 3, 2026.

New loan amount30-year fixed at 7.375% (7.762% APR)
$200,000$1,381
$300,000$2,072
$400,000$2,762
$500,000$3,453

Payments don’t include property taxes, insurance or mortgage insurance. The quoted rate assumes 2.293 discount points, or about $6,879 on a $300,000 loan, paid at closing. A cash-out refinance applies the new rate to your whole balance, not just the cash you take out, so compare it with your current rate. See whether a cash-out refinance is a good idea.

Cash-out refinance basics

A cash-out refinance replaces your current mortgage with a larger loan, and you get the difference in cash at closing. The new rate applies to your whole balance and closing costs apply, so if your current rate is lower than today’s, a HELOC or home equity loan may cost less.

Learn more: how a cash-out refinance works · HELOC vs. cash-out refinance · cash-out refinance vs. home equity loan · South Dakota HELOC rates · cash-out refinance rates in every state.

Frequently Asked Questions

Can I get a cash-out refinance in South Dakota?

Yes. Lower offers cash-out refinances in South Dakota. How much cash you can take out depends on your home’s value, what you owe and your credit.

What are cash-out refinance rates in South Dakota today?

Lower’s 30-year South Dakota cash-out refinance rate as of November 3, 2026 is 7.375% (7.762% APR) with 2.293 discount points, based on a $300,000 loan at 70% of the home’s value. Your rate depends on your credit, how much of your home’s value you borrow and the property.

How much cash can I take out with a cash-out refinance in South Dakota?

Conventional cash-out refinances on a one-unit primary home generally top out at 80% of the home’s value. For example, on a $371,400 home where you owe $149,000, a new loan at 70% of the value ($259,980) would leave about $110,980 before closing costs. Lower’s quoted rate assumes a loan at 70% of value; borrowing more may mean a higher rate. Your actual amount depends on your appraisal, credit and debt-to-income ratio.

Sources: home values from Movoto market trends data for September 2026; the typical South Dakota home price of $371,400 is the average of the median sale prices in South Dakota’s 2 largest cities, rounded to the nearest $100: Sioux Falls ($342,900) and Rapid City ($399,900). Largest cities are by Census Bureau population estimates among cities with enough Movoto sales data; where a state has too few, the busiest markets by homes sold fill in. Property tax estimates use local effective tax rates and homeowners insurance estimates are average annual premiums, averaged across those cities; your quote will vary. Home price growth: FHFA House Price Index (purchase-only, seasonally adjusted), the second quarter of 2026. Rates: Lower, as of November 3, 2026. Examples only; not an offer of credit. Lower, LLC, NMLS #1124061.

Find Out Why South Dakota Loves Lower

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5.0

Mike was absolutely great to work with! He made the refinance process easy and stress-free, was very professional, responsive, and always took the time to answer my questions. I truly appreciate his help and highly recommend Mike to anyone look…ing for someone trustworthy and knowledgeable.

Kris G.

Verified Customer

September 10, 2026

5.0

Awesome experience. So thankful for this opportunity we had to get our house refinanced. Thank you Erik!!

Sarah B.

Verified Customer

September 5, 2026

5.0

Great experience! Cindy was amazing to work with. She is very knowlegable and led us through the process. Everything flowed smothly all the way through the refi process. Would recommend her highly!

Cliff H.

Verified Customer

September 16, 2026

5.0

Very kind and straight forward. Kept up communication and let us know everything we needed. Highly recommend and would go through her again if we ever need to refinance again.

Charles E.

Verified Customer

September 25, 2026

5.0

I have worked with Ms. Bergen for the last 24 years, from buy a home to refinancing . She is wonderful, knowledgeable and has always been about our best interest. Will be looking forward to working with her again …on our retirement home. Thank you again!

David D.

Verified Customer

September 1, 2026

5.0

Sean was incredibly professional and friendly throughout our entire process. I was a FIRST time buyer and had an immense amount of questions that Sean was able to answer to put me at ease. For any of your mortgage questions or concerns I’d hi…ghly recommend working with Sean. I’ll be using him again the next time I buy or refinance!

Charles F.

Verified Customer

October 12, 2026

5.0

I have used Katie Lepley twice- for a loan to purchase a home and to refinance my condo. She is quick and efficient, very professional and really knows this business. She made the process (both times) so seamless and easy. She and her team kep…t me informed every step of the way. I would use her again and highly recommend her for all your loan needs.

Cindy G.

Verified Customer

October 9, 2026

5.0

I would highly recommend this company to anyone looking to refinance their home. Choosing to do a cash-out refinance on my home turned out to be an incredibly challenging situation filled with numerous roadblocks and an emotional roller coaster… of ups and downs. However, working with Taylor and Anita made all the difference in the world. Throughout the entire process, they provided constant reassurance, deep comfort, and kept my anxiety levels at a manageable level during moments when I felt completely overwhelmed. Their professionalism, empathy, and dedication went far beyond just processing a loan; they truly cared about my peace of mind. I am incredibly grateful for their unwavering support and couldn't have crossed the finish line without them.

Tami T.

Verified Customer

October 9, 2026

5.0

Tyler was great to work with throughout the entire process. He was very responsive, knowledgeable, and always took the time to answer my questions and keep me updated. The whole refinance process was smooth and straightforward. I really appreci…ate his help and would definitely recommend him. Thank you, Tyler!

Fouad Z.

Verified Customer

August 24, 2026

5.0

Cam did an amazing job explaining everything from day 1 and guiding us every step of the way. He was on top of things and ensured we never missed a task or action item or deadline. I appreciated how prompt Cam was in responding to any question,… even if it was after work hours. I would highly recommend Cam to anyone looking for a mortgage and if I ever feel the need to refinance, I'll reach out to Cam without any hesitation.

Atif M.

Verified Customer

August 14, 2026

5.0

TJ was the ultimate professional. She was timely, knowledgeable, extremely patient as I struggled through the process of refinancing my home. Her persistence & ongoing support was much needed & appreciated. She was reassuring reminding me to ta…ke things a step at a time . She listened to my concerns, answered my questions, never pressured me, encouraged me to make decisions based on what I needed most. I would highly recommend her to anyone.

Irma Z.

Verified Customer

October 27, 2026

5.0

Rayma was so wonderful to work with! She was very professional, kind, and went above and beyond to provide us with information when asked, even if it meant working after hours. She answered all of our questions quickly. She was ensured every de…tail was taken care of from the beginning all the way to closing. She made this process as stress free as possible. When it is time to refinance or purchase, we will call on her again.

Jerry I.

Verified Customer

October 3, 2026

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