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Billings County Conventional Mortgage Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Billings County, North Dakota based on real HMDA transaction records.

Loan Details

Billings County, ND Benchmarks

Conventional averages
Typical Property Value$523,333
Average Down Payment26.8%
Average Interest Rate6.771%
Effective Tax Rate0.47%
Median Tax Paid$1,211/yr
Tax Growth (Historical)-1.2%
Based on 6 regional loans totaling $2,260,000 (HMDA database).
$
%

$140,253 down · $383,080 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$205 / month

$

Annual premium

$

Per month

%

Not required at 20%+ down

Estimated Monthly Payment

$2,845/mo

  • Principal & Interest$2,490
  • Property Tax$205
  • Home Insurance$150
Amortization · Remaining Balance

Loan Amount

$383,080

Total Interest

$513,228

Total of Payments

$896,307

Local Market Insights

Billings County Conventional Mortgage Overview

In Billings County, the 26.83% average down payment on Conventional loans signals strong buyer equity and creditworthiness, allowing most to avoid Private Mortgage Insurance (PMI) from the start. With a low 73.17% loan-to-value ratio and 100% primary occupancy, buyers already hold over 20% equity. The 0.47% effective property tax rate is modest, and the recent -1.2% inflation-adjusted tax reduction further improves monthly affordability. For those exploring a conventional loan with taxes in Billings County, ND, this data suggests a stable, low-risk market where PMI is rarely a factor, making a conventional mortgage with taxes here particularly cost-effective.

Disclaimer: This calculator provides estimates for educational purposes only and does not constitute a loan offer or financial advice. Actual rates, taxes, insurance, and fees will vary.