CALCMONEY // MORTGAGE // ND // FARGO
Calculate your monthly mortgage payment using Fargo-specific property tax rates and local market data.
$295,000
6.95%
1.04%
92
| Principal & Interest | $1,562 |
| Property Tax | $256 |
| Homeowners Insurance (est.) | $98 |
| Total Monthly Payment (PITI) | $1,916 |
$59,000
$326,391
$82,123/yr
$295,000 buys the median home in Fargo right now. With 20% down, that's a $59,000 down payment and a $236,000 loan, set against a $70,000 median household income.
At a 1.04% effective rate, Fargo property taxes add $256 to the monthly payment on the median home, $3,068 a year in total.
Between the $1,916/month mortgage payment and North Dakota's state income tax, your real housing cost calculation needs your after-tax number, not your gross salary.
Beyond housing, Fargo's cost of living index sits at 92 (national average = 100), running below the national baseline for groceries, transportation, and everyday services.
Fargo's median home price runs 4% higher than nearby Bismarck: $285,000 there versus $295,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $236,000 loan saves $10,620 in interest over 30 years.
Compare Top Fargo Mortgage LendersBismarck
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