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North Dakota mortgage calculator

The median home in North Dakota runs about $250,000. With 20% down that's a loan near $200,000 — the calculator is pre-filled with that figure. North Dakota has near-average property taxes and affordable homes, with a state homestead credit for older and disabled owners. Hail and wind exposure raises insurance costs.

$1,298.53 / month

Total interest
$267,466
Total paid
$467,466
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$50k$100k$150k$200k0612182430Year

How it works

A full North Dakota payment is more than principal and interest. At the state's 0.98% effective property tax rate, a $250,000 home owes about $2,450 a year in tax, and homeowners insurance averages roughly $2,400 a year here. Together those add about $404 to the monthly payment before any HOA dues or PMI.

North Dakota's median household income is about $76,000, or $6,333 a month. Lenders generally want the full housing payment under about 28% of that — roughly $1,773 — which is why a median-priced home is comfortable in some metros and a stretch in others. Homes in North Dakota sell in about 45 days on average.

Frequently asked questions

What is a typical mortgage payment in North Dakota?
On the state's roughly $250,000 median home with 20% down, the loan is about $200,000. Principal and interest depend on your rate; on top of that, North Dakota's 0.98% effective property tax rate and about $2,400 a year in homeowners insurance add roughly $404 per month to the payment.
How much are property taxes on a home in North Dakota?
North Dakota's effective property tax rate averages about 0.98% of market value — roughly $2,450 a year on the $250,000 median home. Your county sets the actual rate and may assess below market value.
Is homeowners insurance expensive in North Dakota?
The average North Dakota homeowners policy runs about $2,400 a year. North Dakota has near-average property taxes and affordable homes, with a state homestead credit for older and disabled owners. Hail and wind exposure raises insurance costs.
Can I afford a home in North Dakota on the median income?
North Dakota's median household income is about $76,000 a year, or $6,333 a month. Lenders generally want the full housing payment under about 28% of that — roughly $1,773 — so a median-priced home is a stretch in the pricier metros.
How fast do homes sell in North Dakota?
A for-sale home in North Dakota spends about 45 days on the market on average, though this varies widely by metro and season.

Learn more: Understanding your mortgage payment

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