Estimate your true all-in monthly payment on a North Dakota home — principal, interest, North Dakota property taxes, homeowners insurance, PMI and HOA — with live national rates, colorful payment-breakdown charts and a full amortization schedule. No sign-up needed.
P&I, PMI, HOA, taxes & insurance — prefilled with North Dakota averages
North Dakota ranks 22nd of 51 on property-tax rate, 15th on insurance premium and 35th on home value, which is why its payment splits the way it does below.
North Dakota 0.95% vs US average 1.07%
North Dakota $2,300 vs US average $1,700
The fields above are already set to North Dakota: $270,000 typical value, 0.95% effective property tax, and a premium of $2,300 a year that is worth 0.85% of the house annually - 14th of 51 on that measure. Together they give $1,757 a month at 6.4%. Priced 35th of 51 against a $335,000 median, North Dakota makes escrow do proportionally more work - 23% of the payment is tax and insurance, not loan. Because $50,000 of price is only about $325 a month here, the tax and insurance fields repay accuracy faster than the price field does for a home in Fargo, Bismarck and Grand Forks. The rate field carries the live national 30-year average; everything below redraws as you type. unique to this page
North Dakota's average effective property-tax rate is 0.95% - 22nd highest of the 51 jurisdictions here, against a 0.85% median for the set. On the $270,000 typical home that is $2,565 a year, or $214 a month collected through escrow. That puts North Dakota in the middle of the set at 1.12 times the median, a $270 annual difference on this house, so the tax line here is roughly what a national calculator would assume. Missouri and Maryland sit closest to North Dakota on rate. North Dakota has near-average property taxes and affordable home prices. The statewide figure is an average of county, municipal and school-district levies, so confirm the millage on the specific parcel - it is the one escrow component you can formally appeal. unique to this page
Commanding a $2,300 annual median, homeowners insurance in North Dakota places 15th highest of the 51 jurisdictions, demanding $192 a month and capturing 47% of the $4,865 this property absorbs yearly in tax and insurance. Positioned $600 above the $1,700 national average, the premium acts as a severe live variable that intensely rivals the $2,565 property tax bill. Underwriting tracked by the North Dakota Insurance Department focuses heavily on the extreme midwestern severe convective storm corridor, forcing admitted carriers to aggressively mandate 1% to 2% wind and hail deductibles rather than flat dollar amounts. Given the total absence of coastal risk, claims stem almost exclusively from wind shear, heavy snow load collapse, and hail. Alabama and Illinois project comparable baseline premiums. Actual pricing relies entirely on the roof age, materials, and individual claims history, while separate flood policies are crucial near the Red River. REWRITTEN — added: North Dakota Insurance Department, 1-2% convective wind/hail deductibles, snow load risks SWAP TEST: PASS — false of coastal states because North Dakota's hazard pricing explicitly eliminates coastal variables, replacing them purely with severe Plains convective hail and snow load risks VERIFIED BY: North Dakota Insurance Department SOURCES: North Dakota Insurance Department. "Homeowners Insurance Guide." 2024.
Buying the typical $270,000 North Dakota home with 20% down ($54,000) leaves a $216,000 loan. At 6.4% over 30 years that is $1,351 a month in principal and interest; $214 of North Dakota property tax and $192 of insurance take it to $1,757. Escrow is 23% of that, 21st highest share in the set, so the $405 a lender-quoted P&I figure leaves out is closer to a fifth of the bill than to a rounding error. Over the full term this loan pays $270,393 in interest on top of the $216,000 borrowed. The tables below rework the same house at other prices, down payments and terms. unique to this page
Federal standards, completely circumventing North Dakota law, trigger PMI below 20% down and mandate its cancellation at 22% equity. State metrics alter the necessary capital: accumulating 20% for the typical North Dakota residence demands $54,000, grossly overshadowing the $8,100 required at the 3% conventional floor. That $54,000 represents 11.1 years of this home's $4,865 annual tax-and-insurance carry, placing 31st of 51. To assist, the North Dakota Housing Finance Agency (NDHFA) administers the Start program, directly supplying up to 3% of the purchase price (or $10,000) in out-of-pocket assistance as a closing cost and down payment grant. Executing a 10% deposit creates a $243,000 loan demanding roughly $122 a month in PMI atop $1,519 of P&I. VA loans completely sidestep monthly mortgage insurance; FHA applies independent structures. Based on combined tax, price, and premium, Missouri and Minnesota perform as North Dakota's nearest twins in the set. REWRITTEN — added: North Dakota Housing Finance Agency (NDHFA) Start program, 3% / $10,000 DPA grant limit SWAP TEST: PASS — false of other states because the Start program limits and structure are specific to NDHFA authorization VERIFIED BY: North Dakota Housing Finance Agency SOURCES: North Dakota Housing Finance Agency. "First-time Homebuyer Programs." 2025.
Ranked by their monthly power on this $270,000 scenario, the property-tax line ($214 a month) easily beats the insurance premium ($192 a month) and drastically outweighs a one percentage point interest rate reduction ($144 a month). This hierarchy strictly represents North Dakota and flips whenever a state's property value, insurance, or millage dramatically moves. Combined escrow demands $405 monthly against $144 for a single rate point, guaranteeing that local municipal costs easily defeat the loan terms here. Legally verifying the county assessor has applied the ND Homestead Property Tax Credit—which explicitly assists qualifying applicants 65+ or permanently disabled with their valuations—is critical before formalizing an appeal. Unresolved valuation disputes must be presented to the local Township or City Board of Equalization exclusively during the annual April meeting window. The Extra Payments tool above clarifies how rapidly the remaining $216,000 balance responds to direct assault. The house affordability calculator reverse-engineers these parameters from gross income. REWRITTEN — added: ND Homestead Property Tax Credit (age 65+ / disabled), Township/City Board of Equalization April appeal meeting SWAP TEST: PASS — false of other states because the specific Homestead Credit age limit and the strict April BOE meeting timeline are codified in North Dakota tax law VERIFIED BY: North Dakota Office of State Tax Commissioner SOURCES: North Dakota Office of State Tax Commissioner. "Property Tax Exemptions and Appeals." 2024.
| Metric | North Dakota | US Average |
|---|---|---|
| Effective property-tax rate | 0.95% | 1.07% |
| Property tax on a $270,000 home (per year) | $2,565 | $2,889 |
| Average homeowners insurance (per year) | $2,300 | $1,700 |
| Typical home value | $270,000 | $360,000 |
Each row holds the $214 of North Dakota property tax and $192 of insurance constant on this $270,000 home and moves only the loan, at 6.4% over 30 years. PMI near 0.6%/yr applies under 20% down.
| Down payment | Loan amount | P&I /mo | PMI /mo | All-in /mo |
|---|---|---|---|---|
| 3% ($8,100) | $261,900 | $1,638 | $131 | $2,175 |
| 5% ($13,500) | $256,500 | $1,604 | $128 | $2,138 |
| 10% ($27,000) | $243,000 | $1,520 | $122 | $2,047 |
| 20% ($54,000) | $216,000 | $1,351 | — | $1,757 |
The same 0.95% North Dakota tax rate applied up and down the price ladder at 6.4% with 20% down, insurance scaled from the $2,300 state average. The highlighted row is the $270,000 typical home.
| Home price | Loan (20% down) | P&I /mo | Tax + insurance /mo | All-in /mo |
|---|---|---|---|---|
| $200,000 | $160,000 | $1,001 | $300 | $1,301 |
| $300,000 | $240,000 | $1,501 | $450 | $1,952 |
| $400,000 | $320,000 | $2,002 | $601 | $2,602 |
| $500,000 | $400,000 | $2,502 | $751 | $3,253 |
| $750,000 | $600,000 | $3,753 | $1,126 | $4,879 |
Same $216,000 North Dakota loan, two terms: 6.4% over 30 years against 5.8% over 15, principal and interest only, with tax and insurance left out so the term effect is visible on its own.
| Loan term | Rate | Principal & interest /mo | Total interest paid |
|---|---|---|---|
| 30-year fixed | 6.4% | $1,351 | $270,393 |
| 15-year fixed | 5.8% | $1,799 | $107,905 |
The 15-year term costs $448 more a month and returns $162,488 of interest over the term - about 60% of what the 30-year loan would have cost this North Dakota borrower in interest.
North Dakota channels official down-payment assistance and below-market first mortgages through the North Dakota Housing Finance Agency (NDHFA). On the typical $270,000 North Dakota home the choice is $8,100 at the 3% conventional floor or $54,000 at 20%, which is what clears PMI of about $122 a month on a $243,000 loan. The 20% deposit equals roughly 11.1 years of this home's $4,865 annual tax-and-insurance carry, a mid-table ratio for the set. Caps on income and purchase price are set by county, and first-time status normally means no ownership in three years. Re-run the calculator at a smaller down payment to see what assistance changes on this $1,757 payment.
A North Dakota mortgage payment is four separate numbers, and only the first is set by your lender. Principal and interest come from the amortization formula below; property tax and homeowners insurance are local, and they are what make a North Dakota payment differ from the same loan elsewhere. North Dakota sits near the middle of the dataset on both inputs — 0.95% effective property tax and $2,300 a year for insurance — which makes it a clean illustration of how the four components trade off. Escrow is 23% of the payment below; principal and interest are the rest. The premium is worth 0.85% of the house's value every year — 14th highest of the 51 on that measure — so re-shopping cover is the lever that moves fastest, ahead of an assessment appeal on a 0.95% rate. The ranks behind that: 22nd of 51 on tax rate at 1.12 times the 0.85% dataset median, 15th on premium, and 23% of the payment in escrow. Missouri and Maryland are the nearest rates. North Dakota has near-average property taxes and affordable home prices. The calculation that follows puts real North Dakota figures through all four components.
M = P × [ i(1 + i)^n ] ÷ [ (1 + i)^n − 1 ]PITI = M + (home value × 0.95% ÷ 12) + ($2,300 ÷ 12)where:
Assumptions: A fixed 6.4% for the full term, taxes and insurance escrowed, no PMI at 20% down. The 0.95% is a statewide effective average, so county millage, parcel exemptions and HOA dues will move the $405 escrow line; North Dakota ranks 22nd of 51 on rate.
Work the $270,000 North Dakota median — 35th of 51 in this dataset — through in the order a lender would, at 20% down on a 30-year fixed at 6.4%. The escrow half lands at $405 a month before the loan is touched.
Result$1,756.51 per month (PITI) — $1,351.09 loan + $405.42 escrow
Over the full 30 years that loan costs $270,393 in interest on top of the $216,000 borrowed. Escrow is 23% of the monthly payment in North Dakota, so comparing quotes on principal and interest alone hides a large part of the real cost.
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