Mortgage Calculator North Dakota 2026: Payment, Tax & PMI
This mortgage calculator for North Dakota estimates your full monthly payment — principal & interest, property tax, homeowners insurance and PMI — North Dakota charges no real estate transfer tax. Enter your own rate; everything is calculated privately in your browser.
A mortgage calculator for North Dakota estimates the full monthly cost of a North Dakota home loan: principal and interest from standard amortization, plus property tax, homeowners insurance and private mortgage insurance (PMI) when you put down less than 20%. North Dakota charges no real estate transfer tax, so one-time closing costs are mainly lender, title and recording charges.
How the Mortgage Calculator North Dakota Formula Works (Worked Example)
Principal and interest use the standard amortization formula M = P × r(1+r)n ÷ ((1+r)n − 1), where P is the loan amount, r the monthly rate (annual rate ÷ 12) and n the number of payments. Property tax is the home price × your local rate ÷ 12, insurance is your annual premium ÷ 12, and PMI is the loan amount × your PMI rate ÷ 12. Example: a $300,000 North Dakota home, 10% down, 30-year fixed at a user-entered 6.5% (click Load Example above to reproduce it).
| Item | Inputs | Monthly |
|---|---|---|
| Principal & interest | $270,000 loan, 6.5%, 360 payments | $1,706.58 |
| Property tax | 0.92% of $300,000 ($2,760/yr) | $230.00 |
| Homeowners insurance | $1,500/yr (example — use your quote) | $125.00 |
| PMI | 0.6% of $270,000 ($1,620/yr) | $135.00 |
| Total monthly payment | $2,196.58 | |
| Transfer tax (one-time) | No state or local transfer tax | $0.00 |
Over 30 years this loan pays about $344,370 in interest. Your rate is an input, not an assumption — check the current weekly national average in Freddie Mac’s Primary Mortgage Market Survey and compare lender Loan Estimates.
North Dakota Property Tax Rate and Your Monthly Payment
North Dakota homeowners paid an effective property tax rate of about 0.92% of home value in 2024 Census ACS data, according to the Tax Foundation’s Property Taxes by State and County, 2026. That figure predates 2025 law changes: lawmakers capped annual growth in local property tax collections at 3% and raised the state’s homeowner property tax credit from $500 to $1,600 a year, so an eligible primary residence may now owe less than this estimate. Enter the rate from your own tax statement for the best estimate.
| Local rate | Annual tax on $300,000 | Added to monthly payment |
|---|---|---|
| 0.75% | $2,250 | $187.50 |
| 0.92% (statewide effective average) | $2,760 | $230.00 |
| 1.25% | $3,750 | $312.50 |
North Dakota Closing Costs: No Transfer Tax
North Dakota is one of the states with no real estate transfer tax or deed tax, and its constitution bars the state and local governments from imposing a sales or transfer tax on the transfer of real property. That keeps one-time costs lower: your Loan Estimate will mainly show lender, appraisal, title and recording charges plus the escrow deposits for tax and insurance.
| North Dakota item | Amount | Usually paid by |
|---|---|---|
| Real estate transfer tax | None — barred by the North Dakota constitution | — |
| Escrow deposits for tax and insurance | Set by your lender — see your Loan Estimate | Buyer |
| Lender, appraisal, title and recording charges | Vary by lender, title company and county — compare Loan Estimates | Negotiable |
Some costs are negotiable, and sellers sometimes cover part of a buyer’s closing costs as a concession.
How North Dakota Mortgage Rates Affect Your Payment
Rates in North Dakota follow national mortgage markets and vary by lender, credit score, down payment and loan type. On a $280,000 home with 20% down, an example 6.95% rate produces a monthly principal and interest payment of approximately $1,483. A 0.25% rate increase adds roughly $38 to that payment, so shopping multiple lenders can save thousands over the life of the loan.
Adjustable-rate mortgages (ARMs) often start lower but carry rate-reset risk. Most North Dakota homebuyers choose 30-year fixed loans for payment predictability. FHA loans (3.5% down) and VA loans (0% down for veterans) are also popular in North Dakota.
First-Time Buyer Programs in North Dakota
North Dakota Housing Finance Agency (NDHFA) offers first-time buyer loans and down payment and closing cost assistance. Check current eligibility and limits with the agency or a participating lender.
FHA loans are available nationwide and require only 3.5% down with a 580+ credit score — ideal for first-time buyers in North Dakota who have limited savings. USDA loans offer 0% down for eligible rural properties in North Dakota. VA loans are available to qualified veterans and active-duty service members with no down payment required and no PMI.
If your down payment is below 20%, Private Mortgage Insurance (PMI) on a $224,000 loan adds approximately $112/month at a 0.6% annual rate. The Urban Institute puts typical PMI at roughly 0.46%–1.5% of the loan per year depending on credit score. PMI can be removed once your loan-to-value ratio reaches 80%, so extra payments accelerate the timeline to dropping PMI.
Last updated: October 2026. Estimates only — confirm figures with your lender and local tax office.
Frequently Asked Questions
What is the average mortgage rate in North Dakota in 2026?
North Dakota mortgage rates track national averages and change weekly. Check the Freddie Mac Primary Mortgage Market Survey for the current 30-year fixed average, then compare quotes from several lenders - your rate depends on credit score, down payment and loan type.
What is the average monthly mortgage payment in North Dakota?
For a $280,000 home with 20% down in North Dakota, the estimated PITI (principal, interest, taxes, and insurance) is approximately $1,822/month at an example 6.95% rate, assuming a 0.92% property tax rate and $1,500 a year for insurance.
Do I need PMI in North Dakota?
Yes — if your down payment is less than 20%, lenders in North Dakota require Private Mortgage Insurance (PMI) on conventional loans. The Urban Institute puts typical PMI at about 0.46%–1.5% of the loan amount per year, depending on credit score. PMI is removed once you reach 20% equity.
What is the average home price in North Dakota?
The $280,000 default in this calculator is an example price, not a measured statewide median. Home prices vary widely by city and county in North Dakota, so enter the price of the home you are considering or recent sales from your agent.
What is the property tax rate in North Dakota?
North Dakota homeowners paid an effective property tax rate of about 0.92% of home value in 2024 Census data (Tax Foundation, 2026) - roughly $2,576 a year on a $280,000 home. The 2025 increase in the state homeowner property tax credit to $1,600 can lower the bill for an eligible primary residence.
Does North Dakota have a real estate transfer tax?
No. North Dakota charges no real estate transfer tax or deed tax, and its constitution prohibits the state and any county, city or other political subdivision from imposing a sales or transfer tax on the transfer of real property. Closing costs are mainly lender, title and recording charges.
What is the monthly payment on a $300,000 house in North Dakota?
With 10% down and a 30-year fixed loan at 6.5%, principal and interest is about $1,707 a month. Adding 0.92% property tax ($230), $1,500 a year insurance ($125) and 0.6% PMI ($135) brings the total to about $2,197 a month.