Home and mortgage

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.

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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

Monthly payment$1,890.88The answer

Monthly payment

$1,890.88

A $289,000 home with 20% down ($231,200 borrowed) at 7.18% over 30 years costs about $1,891 a month: $1,566 principal and interest plus $325 of tax, insurance and dues.

Principal and interest: $1,566.23
Tax, insurance, PMI and HOA: $324.65
Total interest over the loan: $332,643

Amortization by year: $231,200 at 7.18%

Year	Interest	Principal	Balance
1	$16,526.48	$2,268.27	$228,931.73
2	$16,358.15	$2,436.60	$226,495.13
3	$16,177.33	$2,617.42	$223,877.70
4	$15,983.09	$2,811.66	$221,066.04
5	$15,774.43	$3,020.32	$218,045.72
6	$15,550.29	$3,244.46	$214,801.26
7	$15,309.52	$3,485.23	$211,316.03
8	$15,050.88	$3,743.87	$207,572.15
9	$14,773.04	$4,021.71	$203,550.44
10	$14,474.59	$4,320.16	$199,230.28
11	$14,153.99	$4,640.76	$194,589.52
12	$13,809.59	$4,985.16	$189,604.36
13	$13,439.64	$5,355.11	$184,249.25
14	$13,042.24	$5,752.51	$178,496.74
15	$12,615.34	$6,179.41	$172,317.32
16	$12,156.76	$6,637.99	$165,679.33
17	$11,664.15	$7,130.60	$158,548.74
18	$11,134.99	$7,659.77	$150,888.97
19	$10,566.55	$8,228.20	$142,660.77
20	$9,955.93	$8,838.82	$133,821.95
21	$9,300.00	$9,494.75	$124,327.19
22	$8,595.39	$10,199.37	$114,127.83
23	$7,838.49	$10,956.27	$103,171.56
24	$7,025.41	$11,769.34	$91,402.23
25	$6,152.01	$12,642.75	$78,759.48
26	$5,213.78	$13,580.97	$65,178.51
27	$4,205.93	$14,588.82	$50,589.68
28	$3,123.28	$15,671.47	$34,918.21
29	$1,960.29	$16,834.46	$18,083.75
30	$711.00	$18,083.75	$0.00

Download the schedule (CSV)

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.

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.

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