Not financial advice. Mortgage FV Calculator is a software calculator, not a personal-finance product or advisory service. It computes standard financial functions and displays the results for your convenience. Nothing here constitutes, or is intended to constitute, financial, investment, tax, legal, mortgage, credit, or insurance advice. Always consult a qualified professional before making any financial decision.
North Dakota mortgage costs
What a typical North Dakota (ND) purchase actually costs each month once property tax, insurance and PMI are included — and how to model your own numbers.
| Median home price | $260,000 |
|---|---|
| 10% down payment | $26,000 |
| Loan amount | $234,000 |
| Principal & interest (30yr @ 6.75%) | $1,518/mo |
| Property tax (0.98%) | $212/mo |
| Homeowners insurance | $175/mo |
| PMI (until 20% equity) | $98/mo |
| Estimated total monthly | $2,003/mo |
Illustrative only, at a 6.75% sample rate with 10% down. Your rate, tax assessment and insurance premium will differ.
What makes North Dakota different
Stable prices and low income tax; the invest-the-difference alternative usually wins on short holds.
A top state income tax rate of 2.5% makes mortgage interest and property tax deductions worth more here than in a no-income-tax state — though the $10,000 SALT cap limits how much of the $2,548 annual property tax bill actually reduces what you owe.
Entry prices are among the country's more forgiving: a median $260,000 is the 14th lowest in the country, $82,500 below the national median, so a 20% deposit is roughly $52,000.
At $260,000 to buy against $1,150 a month to rent, the price-to-rent ratio is 18.8 — the 17th highest in the country, close enough to the middle that the answer turns on your holding period and what a down payment would earn invested instead.
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