CALCMONEY // MORTGAGE // ND // MINOT
Calculate your monthly mortgage payment using Minot-specific property tax rates and local market data.
$255,000
6.95%
1.02%
89
| Principal & Interest | $1,350 |
| Property Tax | $217 |
| Homeowners Insurance (est.) | $85 |
| Total Monthly Payment (PITI) | $1,652 |
$51,000
$282,135
$70,805/yr
Minot's median home price sits at $255,000, 39% below the $420,000 national median. On a $62,000 median household income, that puts the price-to-income ratio at 4.1x, or 4.1 years of gross pay for the purchase price alone.
At a 1.02% effective rate, Minot property taxes add $217 to the monthly payment on the median home, $2,601 a year in total.
Unlike the nine no-income-tax states, North Dakota taxes wage income. Worth running your actual take-home pay against the $1,652/month payment here before locking in a target price.
Day-to-day expenses in Minot track at 89 against the national 100 baseline, below average once you look past the mortgage payment itself.
Minot's median home price runs 14% lower than nearby Fargo: $295,000 there versus $255,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $204,000 loan saves $9,180 in interest over 30 years.
Compare Top Minot Mortgage LendersFargo
$295,000 median
NDBismarck
$285,000 median
NDGrand Forks
$245,000 median
NDWest Fargo
$310,000 median