In the past decade, there has been a 40.4% increase in average home values in North Dakota. Today, the average home value in the state is $210,000, and prices have been predicted to appreciate by 3.8% within a year. The average mortgage payment in North Dakota is $107 less than the national average.
Taking out a mortgage loan is a huge financial step and it comes with an additional set of responsibilities. Therefore, it’s smart to do some research and planning before you apply. Factors such as your down payment, interest rates and loan terms affect your costs.
MoneyGeek’s North Dakota mortgage calculator lets you look at interest rates, prices, taxes and other factors related to your financial situation. Our calculator can help you get a tailor-made estimate of your potential costs.