North Carolina Mortgage Calculator

Your monthly mortgage payment in North Carolina, with North Carolina's effective property tax rate (0.66%) built in, at this week's average rate. The calculator starts at the state's median home value, $288,900.

Home priceDown paymentInterest rateStarts at this week's national averageLoan termProperty taxA year, as a share of the price; about 1% is typical, varying widely by countyHome insurance a yearMortgage insurance (PMI)A year, on the loan, only below 20% downHOA dues a month

A $289,000 home with 20% down ($231,200 borrowed) at 7.28% over 30 years costs about $1,907 a month: $1,582 principal and interest plus $325 of tax, insurance and dues.

Monthly payment: $1,906.55
Principal and interest: $1,581.90
Tax, insurance, PMI and HOA: $324.65
Total interest over the loan: $338,284

Download the schedule (CSV)

Amortization by year: $231,200 at 7.28%

Year	Interest	Principal	Balance
1	$16,758.10	$2,224.68	$228,975.32
2	$16,590.63	$2,392.15	$226,583.16
3	$16,410.55	$2,572.23	$224,010.93
4	$16,216.92	$2,765.87	$221,245.06
5	$16,008.71	$2,974.08	$218,270.98
6	$15,784.82	$3,197.97	$215,073.01
7	$15,544.08	$3,438.70	$211,634.31
8	$15,285.22	$3,697.57	$207,936.74
9	$15,006.87	$3,975.92	$203,960.83
10	$14,707.57	$4,275.22	$199,685.61
11	$14,385.73	$4,597.05	$195,088.56
12	$14,039.67	$4,943.11	$190,145.45
13	$13,667.56	$5,315.22	$184,830.22
14	$13,267.44	$5,715.35	$179,114.87
15	$12,837.19	$6,145.59	$172,969.28
16	$12,374.56	$6,608.23	$166,361.05
17	$11,877.10	$7,105.69	$159,255.36
18	$11,342.19	$7,640.60	$151,614.77
19	$10,767.01	$8,215.77	$143,399.00
20	$10,148.54	$8,834.25	$134,564.75
21	$9,483.51	$9,499.28	$125,065.47
22	$8,768.41	$10,214.37	$114,851.10
23	$7,999.49	$10,983.30	$103,867.80
24	$7,172.68	$11,810.11	$92,057.69
25	$6,283.62	$12,699.16	$79,358.53
26	$5,327.64	$13,655.14	$65,703.39
27	$4,299.70	$14,683.08	$51,020.31
28	$3,194.37	$15,788.41	$35,231.90
29	$2,005.84	$16,976.94	$18,254.95
30	$727.84	$18,254.95	$0.00

This week's mortgage rates →

Monthly payment in North Carolina by home price (20% down, 7%, 30 years, 0.66% tax, $2,000 insurance)

Home price	Principal and interest	Property tax	Total
$140,000	$745	$77	$988
$220,000	$1,171	$120	$1,458
$290,000	$1,544	$159	$1,869
$430,000	$2,289	$235	$2,690
$580,000	$3,087	$317	$3,571

How this calculator works

As the mortgage calculator, with North Carolina's effective property tax rate from the Census Bureau's American Community Survey 2020–2024 5-year estimates: median taxes $1,896 ÷ median value $288,900.

What it assumes

Home insurance varies a lot by state and area; enter your quote.
County property tax rates differ from the state figure; see the county pages.

Questions people ask

What is the mortgage payment on a median home in North Carolina?

On $288,900 with 20% down at 7% over 30 years: about $1,538 principal and interest and $158 of property tax, $1,862 a month with $2,000 a year of insurance.

What is the median home value in North Carolina?

$288,900 for owner-occupied homes (Census American Community Survey 2020–2024 5-year estimates), against $332,700 nationally.

How much is property tax in North Carolina?

The effective rate is 0.66%, a median $1,896 a year. See North Carolina's property tax page for every county we cover.

How much income do I need for a median North Carolina home?

Under the 28% guideline, about $79,811 a year for the payment above; North Carolina's median household income is $72,388.

Related calculators

Sources

Updated Sep 30, 2026 by the RateHerald team. The maths is tested against worked examples; report a problem.