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.
Bismarck mortgage calculator
A median-priced Bismarck, ND home at 6.75% over 30 years, with North Dakota property tax of 0.98% and $2,100 a year of homeowners insurance. Every figure below is computed on our amortising engine — nothing is estimated in the browser.
$1,920 a month, all in
Principal and interest are $1,442; escrow and PMI add the rest. Over the full term the loan costs $296,760 in interest. Discounted at 5%, buying here has a net present value of $11,557 ($160,631 in today’s dollars).
Within North Dakota, Bismarck is 2nd of the 3 North Dakota markets covered here, between Fargo at the top and Grand Forks at the bottom of a 1.18x spread. A state-level median hides most of that.
A price-to-rent ratio of 18.8 puts Bismarck in the middle of the range, where the rent-vs-buy answer is decided by how long you stay and what the deposit would otherwise earn.
Bismarck is cheaper than North Dakota as a whole — $247,000 against a state median of $260,000, roughly 5% below. On a 20% deposit that is $2,600 less to find up front.
Monthly cost in Bismarck vs comparable rent
Owning is stacked by component; renting is the local median asking rent.
The monthly breakdown
| Median home price | $247,000 |
|---|---|
| Down payment (10%) | $24,700 |
| Loan amount | $222,300 |
| Principal & interest | $1,442/mo |
| Property tax (0.98%) | $202/mo |
| Homeowners insurance | $175/mo |
| PMI while above 80% LTV | $102/mo |
| Total monthly payment | $1,920/mo |
| Comparable rent | $1,093/mo |
What a rate move does to the Bismarck payment
| Rate | Principal & interest |
|---|---|
| 5.5% | $1,262/mo |
| 6% | $1,333/mo |
| 6.5% | $1,405/mo |
| 7% | $1,479/mo |
| 7.5% | $1,554/mo |
| 8% | $1,631/mo |
Rent or buy in Bismarck?
Against $1,093 a month in rent, over 7 years renting leaves you about $53,694 better off — $45,171 once 2.5% inflation is stripped out. See the North Dakota rent-vs-buy page.
Where these numbers come from
North Dakota medians come from editorial and are refreshed weekly. The Bismarck figures index those state medians to the local market, so they track the same feed rather than going stale. Insurance and the state income tax rate are editorial. Treat everything here as a planning estimate, not a quote.