North Dakota mortgage calculator

Use our free mortgage calculator to estimate your monthly mortgage payment, your principal and interest, taxes, insurance, and PMI in North Dakota. See how your monthly payment changes by making updates to your home price, down payment, interest rate, and loan term.

North Dakota housing market

North Dakota, the Peace Garden State, saw home values rise by 1.3% last year, but i...t has seen an increasingly strong and expensive housing market driven by the fracking boom. However, North Dakota is still relatively inexpensive with residents spending less than 18% of their monthly income on housing and with homes typically around the national average. North Dakota is well known for its beautiful International Peace Garden on the border with Canada right off highway 281.

Your monthly payment
30 year fixed loan term
Monthly payment
Principal & interest


Property taxes

Homeowners insurance

Homeowners association (HOA) fees

Compare common loan types
Total principal: $240,000
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,599$2,006$1,445
Mortgage Rate4.125%2.233%*2.983%*
Total interest paid
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,599$2,006$1,445
Mortgage Rate4.125%2.233%*2.983%*
Total interest paid

See how your payments change over time for your 30 year fixed loan term

At year 0

30 year fixed loan term

Principal Paid
Interest Paid
Year 0
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We’ll share an interesting insight here for key milestones in your payoff schedule.

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Principal & interest


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North Dakota mortgage and refinance rates today (APR)

ProductInterest rateAPR
30-year fixed-rate2.885%2.946%
20-year fixed-rate2.642%2.723%
15-year fixed-rate2.096%2.200%
7/1 ARM2.488%3.084%
5/1 ARM2.417%3.179%
30-year fixed-rate FHA2.333%3.032%
30-year fixed-rate VA2.526%2.803%

Data source: ©Zillow, Inc. 2006 – 2021. Use is subject to the Terms of Use

Today's rate

30-year fixed

Today’s mortgage rates in North Dakota are 2.946% for a 30-year fixed, 2.200% for a 15-year fixed, and 3.179% for a 5/1 adjustable-rate mortgage (ARM).

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First-time home buyer programs in North Dakota

There are several national first-time home buyer programs that may be able to help you get into a home in North Dakota.

Conventional mortgage

National program

What you need to know

Best for home buyers with good credit looking for low down payments or limited mortgage insurance premiums. A conventional mortgage is a home loan that isn’t guaranteed or insured by the federal government. Conventional mortgages that conform to the requirements set forth by Fannie Mae and Freddie...

See full article

Average property tax in North Dakota counties

Taking U.S. Census data, NerdWallet has crunched the numbers to help you understand what property tax rate you can expect to pay on your future home in North Dakota. Because assessed values aren’t frequently updated, you may pay a higher rate at first but eventually you’ll pay a similar rate.

Avg. property tax rate
Avg. home value
Adams County0.83%$144,900
Barnes County0.91%$117,200
Benson County0.55%$68,900
Billings County0.64%$185,300
Bottineau County0.66%$140,500
Bowman County0.71%$149,600
Burke County0.57%$115,300
Burleigh County0.88%$266,000
Cass County1.27%$224,800
Cavalier County0.89%$95,500
Dickey County1.01%$110,400
Divide County0.46%$150,800
Dunn County0.41%$168,800
Eddy County1.08%$74,200
Emmons County0.81%$92,200
Foster County0.86%$125,600
Golden Valley County0.49%$119,900
Grand Forks County1.25%$205,100
Grant County0.63%$79,800
Griggs County0.82%$91,800
Hettinger County0.7%$108,200
Kidder County0.64%$104,400
LaMoure County0.69%$91,100
Logan County0.86%$79,000
McHenry County0.74%$116,700
McIntosh County0.88%$72,300
McKenzie County0.43%$213,600
McLean County0.63%$159,300
Mercer County0.81%$166,200
Morton County1.05%$187,600
Mountrail County0.5%$169,800
Nelson County0.69%$78,700
Oliver County0.56%$171,800
Pembina County0.93%$85,500
Pierce County0.85%$110,400
Ramsey County0.92%$130,400
Ransom County0.94%$120,600
Renville County0.74%$125,900
Richland County1.19%$116,000
Rolette County0.39%$73,700
Sargent County1.03%$96,400
Sheridan County0.57%$84,900
Sioux County0.3%$76,300
Slope County0.27%$89,300
Stark County0.78%$228,200
Steele County0.8%$72,000
Stutsman County1.16%$130,900
Towner County0.87%$73,000
Traill County0.83%$127,200
Walsh County0.96%$83,700
Ward County0.92%$206,600
Wells County0.93%$84,200
Williams County0.7%$238,900

Source: American Communities Survey 2016, U.S. Census

Under "Home price," enter the price (if you're buying) or the current value (if you're refinancing). NerdWallet also has a .

Under "Down payment," enter the amount of your down payment (if you’re buying) or the amount of equity you have (if refinancing). A  is the cash you pay upfront for a home, and  is the value of the home, minus what you owe.

On desktop, under "Interest rate" (to the right), enter the rate. Under "Loan term," click the plus and minus signs to adjust the length of the mortgage in years.

On mobile devices, tap "Refine Results" to find the field to enter the rate and use the plus and minus signs to select the "Loan term."

You may enter your own figures for  and , if you don’t wish to use NerdWallet’s estimates. Edit these figures by clicking on the amount currently displayed.

The mortgage calculator lets you click "Compare common loan types" to view a comparison of different loan terms. Click "Amortization" to see how the principal balance, principal paid (equity) and total interest paid change year by year. On mobile devices, scroll down to see "Amortization."

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The mortgage payment calculation looks like this: M = P [ i(1 + i)^n ] / [ (1 + i)^n – 1]

The variables are as follows:

Determining what your monthly house payment will be is an important part of figuring out how much house you can afford. That monthly payment is likely to be the biggest part of your cost of living.

Using NerdWallet’s mortgage calculator lets you estimate your mortgage payment when you buy a home or refinance. You can change loan details in the calculator to run scenarios. The calculator can help you decide:

Mortgage lenders are required to assess your ability to repay the amount you want to borrow. A lot of factors go into that assessment, and the main one is debt-to-income ratio.

Your  is the percentage of pretax income that goes toward monthly debt payments, including the mortgage, car payments, student loans, minimum credit card payments and child support. Lenders look most favorably on debt-to-income ratios of 36% or less — or a maximum of $1,800 a month on an income of $5,000 a month before taxes.

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If your mortgage payment included just principal and interest, you could use a bare-bones mortgage calculator. But most mortgage payments include other charges as well. Here are the key components of the monthly mortgage payment:

Typically, when you belong to a homeowners association, the dues are billed directly, and it's not added to the monthly mortgage payment. Because HOA dues can be easy to forget, they're included in NerdWallet's mortgage calculator.

The mortgage calculator lets you test scenarios to see how you can reduce the monthly payments:

Your monthly payment can go up over time if: