Mortgage on a $150K house in North Dakota
$998 a month with 20% down — $807 principal and interest plus $115 property tax and $75 insurance.
North Dakota's typical property tax is 0.92% of the home's value a year (U.S. average 0.9%), which adds $115 a month on a $150K home. The typical home in North Dakota is worth $290,657, so $150K is 48% below the typical price.
$150K home in North Dakota: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $30,000 | $120,000 | $807 | $0 | $190 | $998 | $42,800 |
| 10% down | $15,000 | $135,000 | $908 | $56 | $190 | $1,155 | $49,500 |
| 5% down | $7,500 | $142,500 | $959 | $59 | $190 | $1,208 | $51,800 |
| 3.5% down (FHA) | $5,250 | $147,283 | $991 | $66 | $190 | $1,247 | $53,500 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.92% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Where in North Dakota does $150K buy a typical home?
In these counties the typical home value is within 15% of $150K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Lamoure County | $152,175 | 1.01% | $1,009 |
| Burke County | $144,525 | 0.54% | $949 |
| Emmons County | $156,341 | 0.91% | $996 |
| Nelson County | $157,031 | 0.75% | $976 |
| Pembina County | $157,472 | 1.01% | $1,009 |
| Hettinger County | $157,940 | 1.12% | $1,022 |
| Benson County | $141,965 | 0.91% | $996 |
| Griggs County | $141,481 | 0.91% | $996 |
| Adams County | $141,117 | 1% | $1,007 |
| McHenry County | $160,662 | 0.66% | $965 |
| Cavalier County | $170,109 | 1.34% | $1,050 |
| Walsh County | $171,502 | 1.07% | $1,016 |
8 of 43 North Dakota counties tracked by Zillow have a typical home value at or below $150K. See all North Dakota home prices.
Other prices in North Dakota
Frequently asked questions
What is the mortgage on a $150K house in North Dakota?
About $998 a month with 20% down at 7.11%: $807 principal and interest, $115 property tax and $75 insurance.
How much do I need to make to buy a $150K house in North Dakota?
About $42,800 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $150K house in North Dakota?
At North Dakota's typical effective rate of 0.92%, about $1,384 a year. Rates vary by county and city — see the county pages.