VA Loan Calculator — North Dakota
An eligible VA borrower can buy the typical North Dakota home ($292,000) with no down payment. The 2.15% first-use funding fee ($6,278) is rolled into a $298,278 loan, and there is no monthly mortgage insurance — saving about $131 a month versus FHA MIP on the same home.
North Dakota has the 22nd-highest effective property tax rate of the 50 states at 0.92% — $29 more a year than the 0.91% state average on a $292,000 home. Homeowners insurance averages $2,982 a year, the 15th-highest premium nationally and $262 more than the typical state.
Loan Parameters
Total Monthly Payment
$2,463
Principal & Interest + Taxes + Insurance · no mortgage insurance
APR 7.242%
Total Interest
$418,293
Total Cost
$886,624
Advanced Parameters
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
N/A
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | PMI | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $23,886 | $3,012 | $20,873 | — | $295,266 | -$3,266 |
| Year 2 | $23,886 | $3,231 | $20,654 | — | $292,034 | -$34 |
| Year 3 | $23,886 | $3,466 | $20,420 | — | $288,569 | $3,431 |
| Year 4 | $23,886 | $3,717 | $20,168 | — | $284,851 | $7,149 |
| Year 5 | $23,886 | $3,987 | $19,898 | — | $280,864 | $11,136 |
| Year 6 | $23,886 | $4,277 | $19,609 | — | $276,587 | $15,413 |
| Year 7 | $23,886 | $4,587 | $19,298 | — | $272,000 | $20,000 |
| Year 8 | $23,886 | $4,920 | $18,965 | — | $267,079 | $24,921 |
| Year 9 | $23,886 | $5,278 | $18,608 | — | $261,802 | $30,199 |
| Year 10 | $23,886 | $5,661 | $18,225 | — | $256,141 | $35,859 |
| Year 11 | $23,886 | $6,072 | $17,814 | — | $250,069 | $41,931 |
| Year 12 | $23,886 | $6,513 | $17,373 | — | $243,556 | $48,444 |
| Year 13 | $23,886 | $6,986 | $16,900 | — | $236,570 | $55,430 |
| Year 14 | $23,886 | $7,493 | $16,392 | — | $229,077 | $62,923 |
| Year 15 | $23,886 | $8,037 | $15,848 | — | $221,040 | $70,960 |
| Year 16 | $23,886 | $8,621 | $15,265 | — | $212,419 | $79,581 |
| Year 17 | $23,886 | $9,247 | $14,639 | — | $203,172 | $88,828 |
| Year 18 | $23,886 | $9,918 | $13,968 | — | $193,254 | $98,746 |
| Year 19 | $23,886 | $10,638 | $13,247 | — | $182,616 | $109,384 |
| Year 20 | $23,886 | $11,411 | $12,475 | — | $171,206 | $120,794 |
| Year 21 | $23,886 | $12,239 | $11,646 | — | $158,967 | $133,033 |
| Year 22 | $23,886 | $13,128 | $10,758 | — | $145,839 | $146,161 |
| Year 23 | $23,886 | $14,081 | $9,805 | — | $131,758 | $160,242 |
| Year 24 | $23,886 | $15,103 | $8,782 | — | $116,654 | $175,346 |
| Year 25 | $23,886 | $16,200 | $7,685 | — | $100,454 | $191,546 |
| Year 26 | $23,886 | $17,376 | $6,509 | — | $83,078 | $208,922 |
| Year 27 | $23,886 | $18,638 | $5,247 | — | $64,440 | $227,560 |
| Year 28 | $23,886 | $19,991 | $3,894 | — | $44,448 | $247,552 |
| Year 29 | $23,886 | $21,443 | $2,443 | — | $23,005 | $268,995 |
| Year 30 | $23,891 | $23,005 | $886 | — | $0 | $292,000 |
VA Loan numbers for North Dakota
- Typical North Dakota home value
- $292,000
- 0% down ($0) · Zillow, August 31, 2026
- Loan amount
- $298,278
- Includes $6,278 financed funding fee
- Estimated monthly payment
- $2,463
- APR 7.242%
- North Dakota property tax
- 0.92%
- $224/mo
- Homeowners insurance
- $2,982/yr
- $249/mo
- VA funding fee (first use)
- 2.15% · $6,278
- Financed; exempt with VA disability compensation
- Monthly savings vs FHA MIP
- $131/mo
- Same $292,000 home, FHA at 3.5% down
How much house can you afford in North Dakota with a va loan?
Highest price where principal, interest, North Dakota property tax and insurance, with the 2.15% VA funding fee financed and no monthly mortgage insurance stay within 28% of gross income —0% down, 30-year fixed at 7.03%. Other debts lower these numbers.
| Household income | Housing budget / mo | Max home price | Down payment | vs typical home |
|---|---|---|---|---|
| $50,000 | $1,167 | $121,000 | $0 | 41% |
| $75,000 | $1,750 | $198,000 | $0 | 68% |
| $100,000 | $2,333 | $274,000 | $0 | 94% |
| $125,000 | $2,917 | $351,000 | $0 | 120% |
| $150,000 | $3,500 | $428,000 | $0 | 146% |
| $200,000 | $4,667 | $582,000 | $0 | 199% |
| $250,000 | $5,833 | $736,000 | $0 | 252% |
VA vs other loan types in North Dakota
$292,000 home, each program's typical minimum or default down payment, current average 30-year rate.
| Loan type | Down | Loan amount | Upfront fee | Monthly MI | Total / month | APR |
|---|---|---|---|---|---|---|
| Conventional | 10% · $29,200 | $262,800 | — | $158 PMI | $2,384 | 7.488% |
| FHA | 3.5% · $10,220 | $286,711 | UFMIP $4,931 | $131 MIP | $2,516 | 7.761% |
| VA | 0% · $0 | $298,278 | Funding fee $6,278 | $0 | $2,463 | 7.242% |
| JumboLoan is conforming (≤ $832,750) | 20% · $58,400 | $233,600 | — | $0 | $2,031 | 7.030% |
Frequently asked questions
What is the monthly payment on a $292,000 home with a va loan in North Dakota?
Estimated $2,463 per month ($1,990 principal & interest, $224 property tax, $249 insurance) at 7.03% for 30 years, with 0% down. APR 7.242%.
How much is the VA funding fee on a $292,000 North Dakota home?
$6,278 (2.15%) for a first-time user with no down payment. Putting 5% down lowers it to 1.5%, and 10% down to 1.25%.
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Data sources & assumptions
- Freddie Mac Primary Mortgage Market Survey (PMMS) — Weekly average as of September 24, 2026
- Zillow Home Value Index (ZHVI), typical home value, all homes — Default home prices; typical value as of August 31, 2026
- FHFA 2026 Conforming Loan Limit Values (one-unit) — 2026 one-unit limits, 56 states & territories
- Effective statewide property tax rate (Tax Foundation, 2026 projections) — Statewide effective rate; county rates vary
- Average annual homeowners premium, $300K dwelling / $1K deductible (industry survey averages) — Statewide average premium
- VA — Funding fee and closing costs
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.