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Nelson County Conventional Mortgage Calculator

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

Loan Details

Nelson County, ND Benchmarks

Conventional averages
Typical Property Value$178,500
Average Down Payment24.4%
Average Interest Rate6.880%
Effective Tax Rate0.61%
Median Tax Paid$1,044/yr
Tax Growth (Historical)+10.2%
Based on 20 regional loans totaling $1,640,000 (HMDA database).
$
%

$43,554 down · $134,946 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$91 / month

$

Annual premium

$

Per month

%

Not required at 20%+ down

Estimated Monthly Payment

$1,128/mo

  • Principal & Interest$887
  • Property Tax$91
  • Home Insurance$150
Amortization · Remaining Balance

Loan Amount

$134,946

Total Interest

$184,356

Total of Payments

$319,302

Local Market Insights

Nelson County Conventional Mortgage Overview

In Nelson County, the 24.43% average down payment on a Conventional loan significantly exceeds the 20% threshold, allowing most buyers to avoid Private Mortgage Insurance (PMI). With a low 75.57% Loan-to-Value ratio, these owner-occupants already hold strong equity. The 0.61% effective property tax rate is modest, but the recent 10.2% inflation-adjusted tax increase will raise monthly costs. For a $178,500 home with a 6.88% rate, factoring in these rising taxes is critical when using a Conventional mortgage tool with property taxes in Nelson County, ND.

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.