Mortgage on a $300K house in North Dakota
$1,995 a month with 20% down — $1,614 principal and interest plus $231 property tax and $150 insurance.
North Dakota's typical property tax is 0.92% of the home's value a year (U.S. average 0.9%), which adds $231 a month on a $300K home. The typical home in North Dakota is worth $290,657, so $300K is 3% above the typical price.
$300K 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 | $60,000 | $240,000 | $1,614 | $0 | $381 | $1,995 | $85,500 |
| 10% down | $30,000 | $270,000 | $1,816 | $113 | $381 | $2,310 | $99,000 |
| 5% down | $15,000 | $285,000 | $1,917 | $119 | $381 | $2,417 | $103,600 |
| 3.5% down (FHA) | $10,500 | $294,566 | $1,982 | $133 | $381 | $2,495 | $106,900 |
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 $300K buy a typical home?
In these counties the typical home value is within 15% of $300K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Grand Forks County | $300,182 | 1.15% | $2,051 |
| Ward County | $281,678 | 1.07% | $2,032 |
| Stark County | $323,057 | 0.89% | $1,986 |
| Morton County | $323,186 | 1.02% | $2,019 |
| Cass County | $339,508 | 1.2% | $2,063 |
| Oliver County | $256,771 | 0.62% | $1,920 |
35 of 43 North Dakota counties tracked by Zillow have a typical home value at or below $300K. See all North Dakota home prices.
Other prices in North Dakota
Frequently asked questions
What is the mortgage on a $300K house in North Dakota?
About $1,995 a month with 20% down at 7.11%: $1,614 principal and interest, $231 property tax and $150 insurance.
How much do I need to make to buy a $300K house in North Dakota?
About $85,500 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $300K house in North Dakota?
At North Dakota's typical effective rate of 0.92%, about $2,769 a year. Rates vary by county and city — see the county pages.