Finance · North Dakota

North Dakota Mortgage Calculator (2026)

Calculate your monthly payment with North Dakota-specific property tax (0.98%) and average insurance ($1,630/yr).

North Dakota defaults: property tax ≈ 0.98% of home value · homeowners insurance ≈ $1,630/year · median home value ≈ $294,000. The calculator is preset with these — adjust for your situation.
Standard loan; PMI if DP < 20%, drops at 78% LTV.
Annual costs

Monthly payment

$2,246.56
PITI + PMI/MIP

Payment breakdown

Principal & interest
$1,760.39
Property tax
$240.08
Insurance
$135.83
PMI
Drops month 115
$110.25
Total monthly
$2,246.56

Loan summary

Loan amount
90.0% LTV
$264,600
Total interest paid
$369,141

Amortization schedule (first 12 + every 12 months)

MonthPrincipalInterestPMI/MIPBalance
1$216.89$1,543.50$110.25$264,383
2$218.16$1,542.23$110.25$264,165
3$219.43$1,540.96$110.25$263,946
4$220.71$1,539.68$110.25$263,725
5$222.00$1,538.39$110.25$263,503
6$223.29$1,537.10$110.25$263,280
7$224.59$1,535.80$110.25$263,055
8$225.90$1,534.49$110.25$262,829
9$227.22$1,533.17$110.25$262,602
10$228.55$1,531.84$110.25$262,373
11$229.88$1,530.51$110.25$262,143
12$231.22$1,529.17$110.25$261,912
24$247.94$1,512.45$110.25$259,030
36$265.86$1,494.53$110.25$255,940
48$285.08$1,475.31$110.25$252,626
60$305.69$1,454.70$110.25$249,072
72$327.78$1,432.61$110.25$245,262
84$351.48$1,408.91$110.25$241,176
96$376.89$1,383.50$110.25$236,795
108$404.13$1,356.26$110.25$232,097
120$433.35$1,327.04$227,060
132$464.68$1,295.72$221,658
144$498.27$1,262.12$215,866
156$534.29$1,226.10$209,655
168$572.91$1,187.48$202,995
180$614.33$1,146.06$195,854
192$658.74$1,101.66$188,196
204$706.36$1,054.04$179,985
216$757.42$1,002.97$171,181
228$812.17$948.22$161,740
240$870.88$889.51$151,616
252$933.84$826.55$140,761
264$1,001.35$759.04$129,120
276$1,073.73$686.66$116,639
288$1,151.35$609.04$103,255
300$1,234.59$525.80$88,903
312$1,323.83$436.56$73,514
324$1,419.53$340.86$57,013
336$1,522.15$238.24$39,318
348$1,632.19$128.20$20,345
360$1,750.18$10.21$0

What the payment actually costs

North Dakota property tax averages 0.98% of value — 22nd highest of 51 states, against a national average near 1.10%. On a $400,000 home that is about $3,920 a year, or $327 a month added to principal and interest.

Homeowners insurance runs about $1,630 a year in North Dakota, 17th of 51 states and above the $1,552 national average. Together, tax and insurance add roughly $463 a month to the payment before you have paid a dollar of principal.

How this fits the rest of your tax bill

North Dakota taxes both income and property, so neither side offsets the other. Property tax at 0.98% ranks 22nd of 51, and state income tax applies on top. Model both together when comparing against a no-income-tax state, because the comparison flips depending on how much house you buy relative to what you earn.

Housing costs compound with the rate. North Dakota runs about 8% below national-average costs, so the same 0.98% rate applies to a smaller assessed value than it would elsewhere. A percentage rate is only half the number that matters; the base it applies to is the other half.

Property tax rates are effective statewide averages; your county assessor sets the actual figure and it varies widely within a state. See our methodology.

Frequently Asked Questions

What's the average property tax rate in North Dakota?
North Dakota's effective property tax rate is approximately 0.98% of home value per year. On a $294,000 home, that's about $2,881 per year (or $240/month). The calculator above uses this as the default — adjust if your specific county is higher or lower.
What's a typical homeowners insurance cost in North Dakota?
The average annual homeowners insurance premium in North Dakota is around $1,630 for a typical home. High-risk states (Florida, Louisiana, Texas) tend to be higher due to hurricane/flood/wildfire exposure; low-cost states (Oregon, Hawaii, DC) sit at $1,000 or less.
How much do I need to put down on a North Dakota mortgage?
Conventional loans typically require 5-20% down. FHA allows just 3.5% down with a 580+ credit score. VA loans (military) allow 0% down. Putting 20%+ avoids PMI entirely on conventional loans, saving you 0.5-1% of the loan amount per year.
What credit score do I need to buy a home in North Dakota?
Conventional: 620 minimum (740+ for best rates). FHA: 580 with 3.5% down, or 500 with 10% down. VA: most lenders want 620 even though VA itself has no minimum. Higher credit = lower rate = thousands in savings over the life of the loan.
Should I rent or buy in this market?
Generally buying makes sense if you plan to stay 5+ years and your monthly payment (including taxes, insurance, maintenance) is within ~30% of your gross income. Use the calculator above to see your real monthly cost — many buyers underestimate the non-mortgage costs by 30-40%.

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