North Dakota Mortgage Calculator

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Estimates only. Not financial advice.

Financial Disclaimer: Estimates only. Not financial advice.

This calculator provides estimates for informational purposes only. Actual financial outcomes depend on market conditions, personal circumstances, and decisions. Not financial advice. Consult a certified financial planner before making financial decisions affecting your future.

Frequently Asked Questions

How much is a mortgage on a $250,000 North Dakota home?

With 20% down at 6.5% over 30 years, principal and interest run about $1,264/month, before North Dakota's 0.98% property tax and insurance.

What is the property tax rate in North Dakota?

North Dakota's effective property tax rate is about 0.98% of home value per year.

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What drives a North Dakota mortgage payment

On the $250,000 median home with 20% down ($50,000), you'd finance about $200,000. At an illustrative 6.5% 30-year fixed rate, the principal-and-interest payment is roughly $1,264/month.

North Dakota's 0.98% effective property tax adds about $204/month, and homeowners insurance plus any PMI push the all-in payment higher still. Enter your real price, rate, and down payment above for an exact figure.

About taxes and housing in North Dakota

North Dakota has one of the lowest top income tax rates in the country, with a top marginal rate around 2.5%.

North Dakota's effective property tax rate is near 0.98%, with median home values around $250,000.

North Dakota's economy is strongly tied to oil and gas production in the Bakken formation along with large-scale agriculture.

North Dakota Mortgage Calculator

Frequently Asked Questions

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