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Mortgage Calculator North Carolina — 2026 Payment Estimates
Pre-filled with North Carolina's estimated median home price of $325,000 and 0.77% effective property tax rate. Adjust any input for your specific situation. All calculations run in your browser.
Reviewed for accuracy June 2026 by Gary Sing
Median home price
$325,000
Monthly P&I (30yr)
$1,643.38
Property tax/month
$208.54
Est. total PITI/month
$1,973.79
Optional — unlocks affordability analysis
Enter gross income to check affordability
At the 28% front-end guideline, this payment requires ~$70,430/year in gross income. The monthly shown is principal and interest only — add ~$25 for taxes, insurance.
- ›A 15-year term saves $183,937 in total interest but raises the payment by $622/month
- ›Total interest ($331,616) exceeds the loan itself ($260,000) — every extra principal payment saves its full remaining interest
⚡ Total interest ($331,616) exceeds the loan principal — consider extra principal payments or a shorter term
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North Carolina mortgage payment scenarios — $325,000 home at 6.5%
Monthly P&I and estimated total PITI (principal, interest, tax, insurance) at three down payment levels. Property tax uses North Carolina's 0.77% effective rate; insurance estimated at 0.45% of home value annually.
| Down payment | Down amount | P&I (30yr) | P&I (15yr) | Total PITI (30yr) |
|---|---|---|---|---|
| 10% down | $32,500 | $1,848.80 | $2,547.99 | $2,179.22 |
| 15% down | $48,750 | $1,746.09 | $2,406.43 | $2,076.50 |
| 20% down | $65,000 | $1,643.38 | $2,264.88 | $1,973.79 |
P&I only (30yr and 15yr). PITI adds property tax (0.77%) and estimated homeowners insurance (0.45% annually). Does not include PMI — required when down payment is below 20%.
Property tax and insurance in North Carolina
North Carolina's 0.77% effective property tax rate is below the national average — a competitive advantage for buyers comparing with Northeast or Midwest markets at similar price points.
North Carolina property tax
Effective rate: 0.77%. On a $325,000 home, annual property taxes are approximately $2,503 — or $208.54/month. Many lenders collect this monthly into an escrow account.
Homeowners insurance
Estimated at 0.45% of home value annually — roughly $121.88/month on a $325,000 home. Rates vary by coverage, age of home, and local risk factors. Get quotes from multiple insurers before closing.
PMI (if under 20% down)
Private Mortgage Insurance is required on conventional loans with less than 20% down, typically costing 0.5–1.5% of the loan amount per year. On a $260,000 loan, PMI adds roughly $195.00–$325.00/month.
Income needed
The 28% front-end DTI guideline requires approximately $84,591/year in gross income to qualify for the median North Carolina home with 20% down. This is principal, interest, tax, and insurance — not counting other debt.
North Carolina housing market 2026
North Carolina is one of the most active relocation destinations in the US. Charlotte and Raleigh–Durham lead in appreciation and new construction. The Research Triangle has strong tech and pharmaceutical employment. Asheville in the mountains attracts lifestyle buyers.
Key numbers for North Carolina buyers
- Median home price: $325,000 (2026 estimate)
- Down payment (20%): $65,000
- Loan amount (80% LTV): $260,000
- Monthly P&I at 6.5% / 30yr: $1,643.38
- Est. PITI (with tax + insurance): $1,973.79/month
- Income needed (28% DTI): $84,591/year
Compare mortgage payments by state
📍 California
Median $750,000 · ~$3,793/mo P&I · 0.73% tax
📍 Texas
Median $315,000 · ~$1,593/mo P&I · 1.6% tax
📍 Florida
Median $405,000 · ~$2,048/mo P&I · 0.89% tax
📍 New York
Median $415,000 · ~$2,099/mo P&I · 1.4% tax
📍 Georgia
Median $325,000 · ~$1,643/mo P&I · 0.83% tax
📍 Arizona
Median $365,000 · ~$1,846/mo P&I · 0.6% tax
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Mortgage calculator North Carolina — frequently asked questions
What is the average mortgage payment in North Carolina?
Based on North Carolina's median home price of $325,000, a 30-year mortgage at 6.5% with 20% down produces a monthly principal and interest payment of $1,643.38. Adding property tax (~$208.54/month at 0.77%) and homeowners insurance (~$121.88/month) gives an estimated total PITI of approximately $1,973.79/month.
What is the median home price in North Carolina in 2026?
The estimated median home price in North Carolina in 2026 is approximately $325,000. Prices vary significantly by metro area — use this as a benchmark and enter the specific price you are evaluating in the calculator above.
How much income do I need to afford a house in North Carolina?
Using the 28% front-end DTI guideline, an estimated total monthly payment (PITI) of $1,973.79 on the median North Carolina home requires approximately $84,591/year in gross income. This assumes 20% down, 6.5% rate, 30-year term, and 0.77% property tax.
What are property taxes in North Carolina?
North Carolina's effective property tax rate is approximately 0.77%. On a $325,000 home, that is roughly $208.54/month or $2,503/year. North Carolina's 0.77% effective property tax rate is below the national average — a competitive advantage for buyers comparing with Northeast or Midwest markets at similar price points.
Is a 15-year or 30-year mortgage better in North Carolina?
At 6.5% on a $325,000 home with 20% down: the 30-year P&I is $1,643.38/month; the 15-year P&I is $2,264.88/month — $621.50/month more. The 15-year saves $183,937 in total interest. If the higher payment is affordable, the 15-year is almost always the better long-term financial choice.