North Dakota Mortgage Calculator

Calculate your monthly mortgage payment in North Dakota. Pre-filled with North Dakota's average property tax rate of 0.98%. See principal, interest, PMI, property taxes, and insurance.

$70,000

Monthly Payment Breakdown

Principal & Interest
$1,770
Property Tax
$286
Homeowner's Insurance
$100
Total Monthly Payment
$2,156

Loan Summary

Home Price
$350,000
Down Payment
$70,000
Loan Amount
$280,000
Total Interest
$357,125
Total Cost(P&I + down payment)
$707,124

See how this mortgage fits your financial plan

Your estimated payment is $2,156/month. See how it fits alongside your income, savings, investments, and other expenses over time.

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North Dakota Housing Overview

North Dakota has an average property tax rate of 0.98%. North Dakota's cost of living is about 5% below the national average.

Property Tax: 0.98%Flat 1.95% rate (nearly zero)Strong energy sectorVery low cost of living

Buying a Home in North Dakota

If you're considering buying a home in North Dakota, understanding the local housing market and costs is essential. Property taxes, insurance rates, and home prices vary significantly by area within the state. This calculator pre-fills North Dakota's average property tax rate of 0.98% to give you a more accurate estimate.

North Dakota Property Taxes

North Dakota has an average effective property tax rate of 0.98%. Property taxes are a significant component of your monthly housing cost — on a $350,000 home, a 0.98% rate means approximately $3430 per year, or $286 per month in property taxes alone.

Cost of Living in North Dakota

North Dakota's cost of living is about 5% below the national average. When evaluating whether to buy a home in North Dakota, consider how your mortgage payment plus other housing costs fit within the recommended 28% of gross income guideline.

Financial Tips for North Dakota Homebuyers

  • North Dakota's 1.95% rate is almost negligible — close to having no state income tax
  • North Dakota's energy sector offers competitive salaries
  • The extremely low cost of living stretches your paycheck further
  • North Dakota does not tax Social Security benefits

Key North Dakota Features

  • Flat 1.95% rate (nearly zero)
  • Strong energy sector
  • Very low cost of living
  • No tax on Social Security

See How Your North Dakota Mortgage Fits Your Financial Plan

This calculator shows your North Dakota mortgage payment. Trajectoryy's full simulator shows how that payment fits alongside your income, taxes, savings, investments, and more.

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Compare North Dakota Mortgage Costs with Other States

Montana0.74% property taxSouth Dakota1.13% property taxMinnesota1.07% property taxCalifornia0.71% property taxNew York1.46% property taxNew Jersey2.23% property tax

Frequently Asked Questions

What is the average property tax rate in North Dakota?
The average effective property tax rate in North Dakota is approximately 0.98%. This rate is applied to the assessed value of your property, which may differ from the market value depending on North Dakota's assessment practices. Property tax rates can also vary significantly by county and municipality within the state.
How much does a typical mortgage payment cost in North Dakota?
Your mortgage payment in North Dakota depends on the home price, your down payment, interest rate, and loan term. With North Dakota's average property tax rate of 0.98%, property taxes add a meaningful amount to your monthly payment. Use the calculator above with your specific numbers to get an accurate estimate.
Is North Dakota an affordable state to buy a home?
North Dakota's cost of living is about 5% below the national average. When evaluating affordability in North Dakota, consider not just the home price but also property taxes (0.98% average), homeowner's insurance costs, and any HOA fees common in your area.
How do North Dakota property taxes compare to other states?
North Dakota's average property tax rate of 0.98% can be compared against the national average of roughly 1.1%. States like New Jersey (2.23%) and Illinois (1.97%) have among the highest rates, while Hawaii (0.28%) and Alabama (0.40%) have among the lowest.
What first-time homebuyer programs are available in North Dakota?
Most states, including North Dakota, offer first-time homebuyer programs through their state housing finance agency. These typically include down payment assistance, below-market interest rates, and closing cost grants. Check with North Dakota's housing authority and the FHA, VA, and USDA loan programs for additional options.

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