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North Carolina mortgage calculator

Pre-filled for North Carolina: the median home value ($335,000) and the state's effective property tax rate of 0.61%. Change anything to match your home.

Home price
Down payment$67,000
%
Interest rateAPR, fixed
%
Loan term
Extra monthly paymenttoward principal
/ mo

Estimated monthly payment

$2,014.23

Loan $268,000 · 20% down

  • Principal & interest$1,693.94
  • Property tax$170.29
  • Home insurance$150.00
See the month-by-month schedule →
Total interest
$341,821
Total cost
$725,125
Payoff time
30 yr
PMI paid
None

Principal vs. interest by year

1: Principal 2,995, Interest 17,33212: Principal 3,196, Interest 17,1313: Principal 3,410, Interest 16,9174: Principal 3,639, Interest 16,68945: Principal 3,882, Interest 16,4456: Principal 4,142, Interest 16,1857: Principal 4,420, Interest 15,9088: Principal 4,716, Interest 15,61289: Principal 5,031, Interest 15,29610: Principal 5,368, Interest 14,95911: Principal 5,728, Interest 14,59912: Principal 6,112, Interest 14,2161213: Principal 6,521, Interest 13,80614: Principal 6,958, Interest 13,37015: Principal 7,423, Interest 12,90416: Principal 7,921, Interest 12,4071617: Principal 8,451, Interest 11,87618: Principal 9,017, Interest 11,31019: Principal 9,621, Interest 10,70620: Principal 10,265, Interest 10,0622021: Principal 10,953, Interest 9,37422: Principal 11,686, Interest 8,64123: Principal 12,469, Interest 7,85824: Principal 13,304, Interest 7,0232425: Principal 14,195, Interest 6,13226: Principal 15,146, Interest 5,18227: Principal 16,160, Interest 4,16728: Principal 17,242, Interest 3,0852829: Principal 18,397, Interest 1,93030: Principal 19,631, Interest 69830
PrincipalInterest

Amortization schedule by year

YearPrincipalInterestBalance
1$2,995$17,332$265,005
2$3,196$17,131$261,808
3$3,410$16,917$258,398
4$3,639$16,689$254,760
5$3,882$16,445$250,878
Monthly payment$2,014.23

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North Carolina at a glance

Effective property tax
0.61%
Rank (1 = highest)
37th of 51
Median home value
$333,000
Median tax bill
$2,044/yr

On the same $400,000 home, property tax in North Carolina adds about $203.33/month, versus $296.67/month at the national rate.

North Carolina mortgage payments by home price

Home pricePrincipal & interestProperty taxTotal / month
$175,000$884.90$88.96$1,123.86
$250,000$1,264.14$127.08$1,541.22
$325,000$1,643.38$165.21$1,958.59
$500,000$2,528.27$254.17$2,932.44
$675,000$3,413.17$343.12$3,906.29

20% down, 6.5% 30-year fixed (example rate), 0.61% property tax, $1,800/yr insurance, no HOA. Also see: how much house you can afford in North Carolina.

Mortgage calculators for other states

Assumptions

  • Fixed interest rate for the full term.
  • Property tax, insurance and HOA stay constant (in reality they usually rise over time).
  • PMI applies only when the loan is over 80% of the home price, and stops once the balance reaches 78% of the original price.
  • Extra payments go entirely to principal.
  • North Carolina figures: Effective rate = ACS median real estate taxes paid ÷ ACS median value, owner-occupied housing units, by state. Source: US Census Bureau ACS 2024.

Frequently asked questions

What is the property tax rate in North Carolina?+

The effective property tax rate in North Carolina is about 0.61% of home value a year (median taxes paid $2,044 on a median home worth $333,000). That's the 37th highest of 50 states and DC, and lower than the national 0.89%. Your actual bill depends on your county, city and exemptions.

What's the mortgage payment on a median-priced home in North Carolina?+

For a $335,000 home with 20% down at an example 6.5% 30-year rate, the payment is about $2,014.23 a month, including $170.29 of property tax and $150.00 of insurance.

How much income do I need to buy a home in North Carolina?+

To afford the median North Carolina home ($335,000) under the 28/36 guideline with 10% down and no other debts, you'd need roughly $101,000 a year in gross income at a 6.5% rate.

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Last reviewed October 14, 2026. Calculator version 1.0.0. Sources: US Census Bureau, ACS 2024 1-year, Table B25103 (Median Real Estate Taxes Paid) · US Census Bureau, ACS 2024 1-year, Table B25077 (Median Value, Owner-Occupied). Results are estimates for educational purposes, not financial, tax or lending advice. How we check our numbers.