Can I Afford a $100K Home in North Dakota?
Complete mortgage breakdown for a $100,000 home in North Dakota, including monthly payments, property taxes, insurance, and the salary you need to qualify.
Estimated Monthly Payment (20% down)
$766/mo
P&I: $526 + Tax: $82 + Insurance: $158
Monthly Payment by Down Payment
| Down Payment | Amount | Monthly | Income Needed |
|---|---|---|---|
| 3% | $3,000 | $918 | $39,327 |
| 5% | $5,000 | $904 | $38,729 |
| 10% | $10,000 | $869 | $37,232 |
| 20% | $20,000 | $766 | $32,809 |
Monthly Cost Breakdown (North Dakota)
Principal & Interest
$526/mo
Property Tax (0.98%)
$82/mo
Homeowners Insurance
$158/mo
Total Interest (30-yr)
$109,195
Affordability Rules of Thumb
28% Rule (Housing)
$32,809/yr
Minimum gross income
36% Rule (All Debt)
$25,518/yr
If no other debt
3Ã Income Rule
$33,333/yr
Conservative target
Buying a $100K Home in North Dakota
A $100,000 home in North Dakota is at or below the national median home price. With a 20% down payment of $20,000, your estimated monthly payment of $766 is achievable on a salary of $32,809 or more. North Dakota's property tax rate of 0.98% is near the national average.
These estimates assume a 6.875% 30-year fixed mortgage rate. Use our mortgage calculator for custom scenarios, or check what salary you can afford in North Dakota.