Mortgage on a $400K house in North Dakota
$2,660 a month with 20% down — $2,153 principal and interest plus $308 property tax and $200 insurance.
North Dakota's typical property tax is 0.92% of the home's value a year (U.S. average 0.9%), which adds $308 a month on a $400K home. The typical home in North Dakota is worth $290,657, so $400K is 38% above the typical price.
$400K 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 | $80,000 | $320,000 | $2,153 | $0 | $508 | $2,660 | $114,000 |
| 10% down | $40,000 | $360,000 | $2,422 | $150 | $508 | $3,079 | $132,000 |
| 5% down | $20,000 | $380,000 | $2,556 | $158 | $508 | $3,222 | $138,100 |
| 3.5% down (FHA) | $14,000 | $392,755 | $2,642 | $177 | $508 | $3,327 | $142,600 |
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 $400K buy a typical home?
In these counties the typical home value is within 15% of $400K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| McKenzie County | $376,216 | 0.43% | $2,495 |
| Burleigh County | $370,274 | 0.88% | $2,647 |
| Dunn County | $367,789 | 0.61% | $2,554 |
| Williams County | $348,966 | 0.68% | $2,580 |
43 of 43 North Dakota counties tracked by Zillow have a typical home value at or below $400K. See all North Dakota home prices.
Other prices in North Dakota
Frequently asked questions
What is the mortgage on a $400K house in North Dakota?
About $2,660 a month with 20% down at 7.11%: $2,153 principal and interest, $308 property tax and $200 insurance.
How much do I need to make to buy a $400K house in North Dakota?
About $114,000 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $400K house in North Dakota?
At North Dakota's typical effective rate of 0.92%, about $3,692 a year. Rates vary by county and city — see the county pages.