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Mortgage Calculator /With Taxes and PMI /North Dakota

North Dakota Mortgage Calculator

Set to North Dakota’s own property tax rate of 0.96% and its median home price, so the payment below reflects what owning here actually costs — not a national average.

$
% ($53,200)
years
%
$/year
$/year
$/month
%
$/month
Amortization schedule
$1,647
Monthly payment
$1,356
Principal & interest
$213
Taxes
$78
Insurance
$0
HOA fees

Loan balance over time

Balance Principal paid $212,800 Interest paid $275,452
20262056
Total of 360 payments$592,802
Principal$212,800
Interest$275,452
Taxes$76,620
Insurance$27,930
HOA fees$0
P&I 82.4% Taxes 12.9% Insurance 4.7%
15- vs 30-year term at 6.58%
15-year
$1,863/mo P&I
$122,556 total interest
30-year · current
$1,356/mo P&I
$275,452 total interest
The 15-year term saves $152,896 in interest. Which term is right for you?

What these numbers come from

Median home value
$266,100
Median tax bill
$2,550
Effective tax rate
0.96%
Rank of 51
20th highest

North Dakota taxes property at about 0.96% of value against 0.89% nationally. On a $266,000 home that is $16 a month more than the same house would cost in taxes at the national rate. Rates are set by counties, cities and school districts, so your own bill will differ from the state median — put your actual figure in the property tax field and the payment updates.

Tax and home value figures: U.S. Census Bureau, American Community Survey 2024 1-year estimates. Insurance is estimated at 0.35% of home value per year — there is no comparable public per-state dataset, so treat it as a placeholder and replace it with your own quote. The interest rate is the national Freddie Mac 30-year average of 6.58%; this site does not publish state-level rate quotes.

Monthly cost across North Dakota home prices

20% down, 30-year fixed at 6.58%, with North Dakota property tax of 0.96% and estimated insurance.

Home price Loan P&I Tax/mo Full payment
$160,000 $128,000 $816 $128 $990
$213,000 $170,400 $1,086 $170 $1,319
$266,000 median $212,800 $1,356 $213 $1,647
$333,000 $266,400 $1,698 $266 $2,061
$399,000 $319,200 $2,034 $319 $2,470

The gap between the P&I column and the last one is what a mortgage quote leaves out. In North Dakota taxes alone add $213 a month on a median-priced home.

Amortization schedule

Date Principal Interest Tax, Ins. & HOA Balance
Aug $189 $1,167 $290 $212,611
Sep $190 $1,166 $290 $212,420
Oct $191 $1,165 $290 $212,229
Nov $193 $1,164 $290 $212,036
Dec $194 $1,163 $290 $211,843
2026 $957 $5,824 $1,452 $211,843
Jan $195 $1,162 $290 $211,648
Feb $196 $1,161 $290 $211,452
Mar $197 $1,159 $290 $211,255
Apr $198 $1,158 $290 $211,058
May $199 $1,157 $290 $210,859
Jun $200 $1,156 $290 $210,658

Refinancing in North Dakota

The arithmetic is the same everywhere: refinancing pays off when the monthly saving clears the closing costs before you sell or refinance again. What differs by state is the cost of getting there — recording fees, transfer and mortgage taxes, and whether an existing tax assessment survives the new loan.

Work the break-even with the refinance calculator, or check this week’s national average rates.

North Dakota home loans in detail

North Dakota Mortgage Overview

North Dakota is sparsely populated which is great for people who want space in beautiful land. The cost of living is low in North Dakota with the average home price around $310,000. With less than 1 million people living there and 62 percent of homes owner-occupied, there are plenty of options to buy a home in North Dakota.

If you're thinking of becoming a North Dakota homeowner, here are your options:

North Dakota conventional loans

You need 'good credit' for a conventional loan, but that means 660 or higher. With a 36 percent debt ratio, you can be on your way to owning a home with low interest rates. First-time buyers need 3 percent down. If you've owned a home before, you need 5 percent. All loans with an LTV higher than 80 percent require PMI, but only until you pay the balance down to less than 80 percent of the value.

North Dakota FHA loans

Borrowers with less than perfect credit need just a 580 credit score and a 3.5 percent down payment for an FHA loan. If you have a 500 - 579 score, you can get a loan with 10 percent down. FHA loans allow higher debt ratios up to 50 percent, but you'll pay mortgage insurance for the life of the loan. The rates are affordable, and it's a great way to own a home if you don't qualify for conventional financing.

North Dakota VA loans

Veterans don't need a down payment for a VA loan from a North Dakota VA lender. With a 620 credit score and proof you can afford the new mortgage plus your existing debts and the cost of living, you're on your way to homeownership. VA loans don't have mortgage insurance, but veterans pay an upfront funding fee.

North Dakota USDA loans

North Dakota has plenty of rural areas to live. If you make less than 115 percent of the median income for your area, the USDA loan may be what you need. Borrowers need a 640+ credit score and a max 41 percent debt ratio. There's no down payment needed, but you'll pay mortgage insurance for the loan's term.

First-Time Homebuyer

Programs in North Dakota

FirstHome program

The FirstHome program is for borrowers who meet certain income guidelines. It's a first mortgage program with low interest rates, making it easier to buy your first home. You may combine the program with a down payment assistance program if needed.

DCA

The Down Payment and Closing Cost Assistance Program provides money to get you into a home when you don't have the down payment. You must qualify for a loan program including the FirstHome program to qualify.

START

The START program is for low-to-moderate income families who can afford a loan payment with down payment and closing cost assistance. The program has low interest rates and fixed terms. You may not combine it with any other down payment assistance program.

North Dakota mortgage FAQ

How much is property tax on a home in North Dakota?
North Dakota homeowners pay an effective property tax rate of about 0.96 percent of home value — the 20th highest of the 50 states and DC. On the state's median home value of $266,100 that works out to roughly $2,554 a year, or $213 a month added to the mortgage payment. The figures come from the Census Bureau's American Community Survey 2024 1-year estimates; your own bill depends on the county and city rates where the home sits.
What is the monthly payment on a median-priced North Dakota home?
At $266,000 with 20 percent down and the current 6.58 percent national 30-year fixed average, principal and interest come to about $1,356 a month. Adding North Dakota property tax of roughly $213 a month and an estimated $78 of homeowner insurance brings the full payment to around $1,647.
Which home loans can you qualify for in North Dakota?
In North Dakota, conventional loans require a credit score of 660 or higher, a 36 percent debt ratio, and 3 percent down for first-time buyers or 5 percent for repeat buyers. FHA loans accept a 580 score with 3.5 percent down, or 500 to 579 with 10 percent down. VA loans need no down payment for veterans with a 620 score, and USDA loans offer zero-down rural financing at 640 or higher.
Does North Dakota offer first-time homebuyer assistance?
Yes. The FirstHome program gives income-eligible first-time buyers a first mortgage at low interest rates and can be combined with down payment help. The Down Payment and Closing Cost Assistance program, or DCA, provides funds toward the down payment when paired with a qualifying loan like FirstHome. The START program serves low to moderate-income families with fixed-rate financing plus down payment and closing cost assistance.
How much of a down payment do you need in North Dakota?
It ranges from nothing to 10 percent. VA and USDA loans require no down payment for eligible veterans and rural buyers. Conventional first-time buyers need 3 percent, repeat buyers 5 percent, and FHA borrowers need 3.5 percent with a 580 credit score or 10 percent with a score between 500 and 579. State programs like DCA and START can help cover these amounts.

Property tax in every state

Effective rate on owner-occupied value, highest bills first in each column.