North Dakota Mortgage Calculator
Estimate your monthly mortgage payment in North Dakota with state-specific property tax, insurance, and homestead data pre-loaded. Median home value in North Dakota is $290,000 with an effective property tax rate of 0.96%.
Mortgage Calculator
Estimate your monthly payment including taxes, insurance, and PMI.
Optional
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
Year 1 | $17,596.80 | $2,593.14 | $15,003.66 | $229,406.86 |
| 1 | $1,466.40 | $209.73 | $1,256.67 | $231,790.27 |
| 2 | $1,466.40 | $210.87 | $1,255.53 | $231,579.40 |
| 3 | $1,466.40 | $212.01 | $1,254.39 | $231,367.39 |
| 4 | $1,466.40 | $213.16 | $1,253.24 | $231,154.23 |
| 5 | $1,466.40 | $214.31 | $1,252.09 | $230,939.92 |
| 6 | $1,466.40 | $215.48 | $1,250.92 | $230,724.44 |
| 7 | $1,466.40 | $216.64 | $1,249.76 | $230,507.80 |
| 8 | $1,466.40 | $217.82 | $1,248.58 | $230,289.98 |
| 9 | $1,466.40 | $219.00 | $1,247.40 | $230,070.98 |
| 10 | $1,466.40 | $220.18 | $1,246.22 | $229,850.80 |
| 11 | $1,466.40 | $221.37 | $1,245.03 | $229,629.43 |
| 12 | $1,466.40 | $222.57 | $1,243.83 | $229,406.86 |
Year 2 | $17,596.80 | $2,766.82 | $14,829.98 | $226,640.04 |
Year 3 | $17,596.80 | $2,952.11 | $14,644.69 | $223,687.93 |
Year 4 | $17,596.80 | $3,149.82 | $14,446.98 | $220,538.11 |
Year 5 | $17,596.80 | $3,360.77 | $14,236.03 | $217,177.34 |
What is a Mortgage Calculator?
A mortgage calculator helps you estimate your total monthly housing payment, including principal, interest, property taxes, home insurance, and private mortgage insurance (PMI). This gives you a complete picture of what homeownership will cost each month.
Unlike a simple loan calculator, a mortgage calculator accounts for additional costs that come with buying a home. Property taxes and insurance are typically required by lenders to be included in your monthly payment through an escrow account.
All calculations happen in your browser. No financial data is sent to any server, so your information stays completely private.
North Dakota Housing Snapshot
| Median Home Value | $290,000 |
| Effective Property Tax Rate | 0.96% |
| Estimated Annual Property Tax | $2,784 |
| State Income Tax | Up to 2.5% |
| Homestead Exemption | Homestead Credit for seniors/disabled (income-based), and small property tax credit on first $9,000 |
| Avg Homeowners Insurance | $1,665/yr |
| Transfer & Recording Taxes | No state real estate transfer tax |
What Makes Buying in North Dakota Different
North Dakota offers very low state income tax (top rate 2.5%) and moderate property tax (0.96% effective on a median $290,000 home). The state benefits from oil and agricultural revenue that reduces dependence on personal income tax. The housing market is small and stable. Fargo, Bismarck, and Grand Forks are the major markets with medians clustered around $245,000 to $295,000. The state offers a Homestead Credit for senior citizens (65+) and disabled homeowners based on income, with progressive reductions for those earning under $42,000. There is no state real estate transfer tax, keeping closing costs minimal. Insurance averages $1,665 per year, with severe winter weather and hail being the main loss drivers. Some western North Dakota counties (Williston, Watford City) saw boom-and-bust pricing during the Bakken oil boom and remain volatile relative to oil production levels.
Top Cities in North Dakota
| City | Median Home Value |
|---|---|
| Fargo | $285,000 |
| Bismarck | $295,000 |
| Grand Forks | $245,000 |
| Minot | $235,000 |
| West Fargo | $335,000 |
North Dakota's low state income tax (2.5% top rate), Homestead Credit for seniors, no state real estate transfer tax, and reasonable home prices make it attractive for retirees. Social Security benefits are not taxed at the state level. The cold winters are the main offset for many retirees considering the state.
The Homestead Credit reduces property tax for homeowners aged 65+ or totally disabled, based on household income. Maximum credit is up to $5,625 in property tax reduction for those earning under $22,000, with graduated reductions phasing out around $42,000. Apply through your county auditor or treasurer.
Williston, Watford City, and surrounding northwest North Dakota counties experienced massive housing price spikes during the 2010-2014 Bakken oil boom, with medians briefly above $400,000. Prices have normalized as production stabilized but remain higher than pre-boom levels. Buyers in these areas should consider oil-price sensitivity in their long-term financial planning.
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Mortgage Calculator
Estimate monthly mortgage payments including taxes, insurance, and PMI.