North Dakota Mortgage Calculator & Rates Guide (2026)
Estimate your monthly payment on a North Dakota home with North Dakota-specific property tax, insurance, PMI, and HOA. Median home price in North Dakota is roughly $270,000, and the average effective property tax rate is about 0.97%.
North Dakota pairs no-transfer-tax closings with low home prices, but severe-weather insurance premiums are above the national average due to hail and wind exposure. The calculator below is pre-filled with North Dakota's median home price and an estimated property tax bill of roughly $2,619 per year (about 0.97% of $270,000). Adjust the home price, down payment, and rate to match your real-world North Dakota scenario — your monthly payment updates instantly.
Loan details
Payment breakdown
- Principal & Interest$1,401
- Property Tax$218
- Home Insurance$175
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North Dakota mortgage and housing snapshot
| Median home price | $270,000 |
|---|---|
| Average effective property tax rate | 0.97% of home value |
| Estimated annual property tax on median home | $2,619 (~$218/mo escrowed) |
| Average homeowners insurance premium | $2,100 / year |
| 2026 conforming loan limit (most counties) | $806,500 |
| Transfer / recording tax | North Dakota has no state real estate transfer tax — only standard county recording fees apply. |
| Homestead / property tax cap | North Dakota's Homestead Property Tax Credit reduces property tax by up to 100% for qualifying seniors 65+ or permanently disabled homeowners, scaled by income and home value. |
Figures are 2025/2026 approximations from public data (Census, NAR, FHFA, NAIC, Tax Foundation). Use them for planning; confirm exact tax bills, insurance, and conforming limits with your lender, insurer, and county assessor.
Why North Dakota's housing math is different
Property tax burden. North Dakota's average effective property tax rate of about 0.97% of home value sits near the U.S. national average of roughly 1.0%. North Dakota's Homestead Property Tax Credit reduces property tax by up to 100% for qualifying seniors 65+ or permanently disabled homeowners, scaled by income and home value. On the median North Dakota home, that translates to roughly $2,619 a year — money that's escrowed into your mortgage payment whether you notice it or not.
Insurance and disaster risk. The typical North Dakota homeowners policy runs about $2,100 per year. That tracks the national average, with regional variation depending on weather exposure and proximity to coast or wildfire-urban-interface zones.
Closing-cost reality. North Dakota has no state real estate transfer tax — only standard county recording fees apply. Add roughly 2-3% of the price for typical lender fees (origination, appraisal, title, escrow), and North Dakota buyers should plan for total closing costs in the 3-5% range on top of the down payment.
Loan-limit context. The 2026 conforming loan limit for most counties in North Dakota is $806,500. The median North Dakota home price sits comfortably below this ceiling, so most buyers can use a standard conforming loan rather than a jumbo.
Common loan types in North Dakota
The default for most North Dakota buyers with 5%+ down and a 620+ credit score. Loans up to $806,500 (most counties) avoid jumbo pricing. PMI is required under 20% down and auto-cancels at 22% equity.
Backed by the Federal Housing Administration. Low 3.5% down with credit scores down to 580. Popular with first-time North Dakota buyers, but FHA mortgage insurance (MIP) usually stays for the life of the loan unless you put 10%+ down.
Zero-down loans for eligible active-duty service members, veterans, and qualifying surviving spouses. No PMI and competitive rates. North Dakota veterans should compare VA pricing against conventional — the no-PMI advantage often wins below 20% down.
Zero-down loans for buyers in USDA-designated rural and many suburban areas with moderate incomes. Many North Dakota markets fit USDA's price and income limits — worth checking eligibility on the USDA map.
Run any of these scenarios in the calculator above by adjusting the down payment and rate. For a side-by-side, see our FHA vs. conventional, VA loan, and USDA loan guides.
North Dakota mortgage FAQ
What are typical mortgage rates in North Dakota in 2026?
Mortgage rates in North Dakota closely track national averages because most home loans are sold to Fannie Mae, Freddie Mac, or government-backed agencies that price loans on a national basis. Your actual rate depends far more on your credit score, down payment, loan term, and discount points than on the state you live in. Use the calculator above with your target rate to see how a small rate move changes your North Dakota monthly payment.
How much is property tax on a typical home in North Dakota?
North Dakota's average effective property tax rate is approximately 0.97% of home value. On a median $270,000 home in North Dakota, that works out to roughly $2,619 per year, or about $218 per month escrowed into your mortgage payment. Actual bills vary by county and city.
What is the 2026 conforming loan limit in North Dakota?
For most counties in North Dakota, the 2026 conforming loan limit for a one-unit home is $806,500. Loans above that are 'jumbo' loans and typically have stricter credit and down-payment requirements. Some high-cost counties in North Dakota may use a higher limit set by the FHFA — check your specific county before locking a rate.
How much homeowners insurance should I budget for in North Dakota?
The average annual homeowners insurance premium in North Dakota is roughly $2,100. Coastal, wildfire, hail, and flood-prone areas can be substantially higher. Your lender will require proof of coverage at closing, and the premium is typically escrowed monthly along with property tax.
Do I have to pay PMI on a North Dakota mortgage?
PMI rules are federal, not state-specific. Most conventional North Dakota mortgages require private mortgage insurance when your down payment is below 20% of the home's price, typically 0.3%-1.5% of the loan amount per year. PMI auto-cancels at 22% equity per the federal Homeowners Protection Act. FHA loans use MIP instead, and VA and USDA loans skip PMI entirely.
What transfer or recording taxes do North Dakota buyers and sellers pay?
North Dakota has no state real estate transfer tax — only standard county recording fees apply.
Is there a homestead exemption in North Dakota?
North Dakota's Homestead Property Tax Credit reduces property tax by up to 100% for qualifying seniors 65+ or permanently disabled homeowners, scaled by income and home value.
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See personalized rate quotes from multiple top lenders in one place.
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- ✓5+ competing rate quotes
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- ✓100% online application
- ✓Pre-approval in minutes
- ✓No origination fees on most loans
America's Largest Mortgage Lender
Established direct lender with a full range of loan products.
- ✓Wide loan-product selection
- ✓Full-service support
- ✓Highly rated for borrower satisfaction
Advertiser disclosure: cards above are sponsored. We may earn a commission when you compare lenders through our partners — at no cost to you. Compensation does not influence which lenders are shown.