North Dakota Mortgage Calculator
Estimate your monthly mortgage payment in North Dakota based on the state median home price of $255K, a 0.98% property tax rate, and $2K/year homeowners insurance.
Why This Matters in North Dakota
In North Dakota, property taxes average 0.98% of assessed value. On the state median home of $255K, that adds $208/month to your mortgage payment — close to the national average. Combined with $175/month for homeowners insurance, your non-mortgage housing costs in North Dakota total $383/month before you even account for principal and interest.
North Dakota's median home price of $255K is in the moderate range nationally. Most conventional loan programs with 5-10% down are well-suited for this price range.
What to Expect for a Mortgage Payment in North Dakota
On the median North Dakota home priced at $255K, a buyer putting 10% down at a 6.5% rate would face a principal-and-interest payment of roughly $1,451 per month. Add $208/mo in property taxes and $175/mo for homeowners insurance, and the total PITI comes to approximately $1,834 each month. That median price sits about 27% below the national median of roughly $350K, which directly shapes how much house most North Dakota borrowers can realistically target.
At $255K, North Dakota's median home price falls in a moderate range nationally. Buyers have the full spectrum of financing options available: conventional loans at 5–20% down, FHA loans at 3.5%, and VA loans at 0% for eligible veterans. Putting 20% down ($51K) eliminates PMI and drops the monthly payment to roughly $1,673, saving about $161 per month compared to the 10%-down scenario.
Homeowners insurance in North Dakota averages around $2K per year, which adds $175 to the monthly PITI. This is manageable relative to many other states. To bring the total payment down further, consider the NDHFA FirstHome program, which offers dca up to $14,000 for qualifying buyers — reducing the down payment barrier and potentially lowering your loan amount.