What is the average mortgage rate in North Dakota in 2026?

The average 30-year fixed mortgage rate in North Dakota is approximately 6.95% as of 2026, close to the national average of 6.8%. Rates vary by lender, credit score, 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 $1,815/month at 6.95%.

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). This typically adds 0.5–1% of the loan amount per year to your payment. PMI is removed once you reach 20% equity.

What is the average home price in North Dakota?

The median home price in North Dakota is approximately $280,000 in 2026, based on recent market data. Prices vary significantly by city and county.

What is the property tax rate in North Dakota?

North Dakota's effective property tax rate is approximately 0.89%, which translates to roughly $2,492 per year on a $280,000 home.

North Dakota Mortgage Calculator 2026

Estimate your full monthly mortgage payment in North Dakota — principal & interest, property taxes, homeowner insurance, and PMI if applicable. Uses the 6.95% average 2026 rate and North Dakota-specific costs. Calculated privately in your browser.

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The North Dakota Mortgage Calculator estimates your complete monthly housing cost — principal, interest, property tax, insurance, and PMI — using real 2026 data for North Dakota. Enter any home price, down payment, and rate to get an instant PITI breakdown.

How North Dakota Mortgage Rates Compare in 2026

The average 30-year fixed mortgage rate in North Dakota is approximately 6.95% in 2026 — 0.15 percentage points above the 6.80% national average. Rates in North Dakota are influenced by local housing demand, median credit scores, and the share of conforming versus jumbo loans in the market.

On a $280,000 home with 20% down, a 6.95% rate produces a monthly principal and interest payment of approximately $1,483. A 0.25% rate increase adds roughly $28 to your monthly 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, especially with home prices currently at $280,000. FHA loans (3.5% down) and VA loans (0% down for veterans) are also popular in North Dakota.

Last updated: May 2026. Rates shown are estimates based on national Freddie Mac data adjusted for North Dakota market conditions.

North Dakota-Specific Closing Costs and Fees

Beyond your down payment, North Dakota homebuyers pay closing costs averaging 2–5% of the loan amount. On a $224,000 loan, that is approximately $4,480–$11,200 due at closing. Key fees include:

Origination fee: 0.5–1% of the loan amount for lender processing.
Title insurance: Protects against prior ownership claims. Required by most North Dakota lenders.
Appraisal: $400–$700 to confirm the home value matches the purchase price.
Prepaid property taxes: North Dakota lenders typically collect 2–3 months of property tax at closing into an escrow account. At 0.89%, that is approximately $623 upfront.
Homeowners insurance: First year premium (~$1,500) is usually paid at closing.
Transfer taxes: Vary by county in North Dakota — ask your agent for local rates.

Some of these costs are negotiable. Sellers sometimes cover a portion of buyer closing costs as a concession, particularly in slower North Dakota markets.

First-Time Buyer Programs in North Dakota

North Dakota Housing Finance Agency (NDHFA) HomeAccess and DCA programs. These programs can reduce the cash needed to close by thousands of dollars, making homeownership more accessible in North Dakota's current market.

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) adds approximately $112/month to your payment at a 0.6% annual rate. PMI can be removed once your loan-to-value ratio reaches 80%, so making extra payments accelerates the timeline to dropping PMI.