North Carolina Mortgage Calculator (2026)

Rates as of Oct 22 2026 · county tax data: ACS 2020–2024, released 2026-01-29

Statewide avg. effective tax rate
0.66%
Median home value
$407,000
Home insurance (est.)
$1,800/yr

Estimated PITI at the North Carolina median home price of $407,000, 20% down, 30-year fixed at 7.32%: $2,627/mo. The tax line uses Mecklenburg County (Charlotte)'s effective rate of 0.71% and insurance of $1,800/yr — the calculator's default county. Buyer's transfer tax: usually paid by seller (0.2%).

Payment calculator

Loan type
$
%
$81,400 cash
%
30-yr fixed base 7.32% · credit adj +0.00% → 7.32% · PMMS Oct 22 2026
Loan term
Credit score
sets local tax & insurance
Picking a county updates the local property tax rate and insurance estimate — your home price stays as entered.
Advanced — HOA & extra payments
$
$
Estimated monthly payment
$2,627.45/mo
$2,627/mo
Principal & interest$2,236.65
Property tax$240.81
Home insurance$150.00
Covers principal & interest, property tax, insurance and mortgage insurance (when it applies). HOA counts only if entered above — left blank it is $0.
Loan amount$325,600
Down payment$81,400
LTV80%
Total interest$479,593
Payoff date…
Cash to close (estimate)
Down payment$81,400
Closing costs (2%–5%)$8,140 – $20,350
Est. cash needed$89,540 – $101,750
Transfer tax: 0.2%usually paid by seller
North Carolina puts the transfer tax on the seller, so it isn't part of your cash to close.
Using Mecklenburg County (Charlotte) effective rate 0.71% · insurance $1,800/yr
Amortization
Year 12
Principal paid
$57,515
Interest paid
$264,563
Still owed
$268,085
$500k$375k$250k$125k$0
08152330

All three lines are running totals since the loan started — not a breakdown of the monthly payment.

What local costs matter in North Carolina?

Effective property tax rate ~0.66%, below the U.S. average
Excise tax $2.00/$1,000 (0.2%), paid by the seller
Homestead exclusions for homeowners 65 and older
Coastal hurricane and flood zones need extra coverage
All 100 North Carolina counties — property tax rates
CountyEffective tax rateProperty tax /moInsurance (est.)
Mecklenburg County (Charlotte)0.71%$$241$1,800/yr
Wake County (Raleigh)0.71%$$241$1,700/yr
Guilford County (Greensboro)0.84%$$285$1,650/yr
Forsyth County (Winston-Salem)0.79%$$268$1,600/yr
Durham County0.79%$$268$1,700/yr
Alamance County0.62%$$210$1,800/yr
Alexander County0.6%$$204$1,800/yr
Alleghany County0.57%$$193$1,800/yr
Anson County0.77%$$261$1,800/yr
Ashe County0.49%$$166$1,800/yr
Avery County0.38%$$129$1,800/yr
Beaufort County0.67%$$227$1,800/yr
Show all 100 counties
CountyEffective tax rateProperty tax /moInsurance (est.)
Bertie County0.79%$$268$1,800/yr
Bladen County0.91%$$309$1,800/yr
Brunswick County0.54%$$183$1,800/yr
Buncombe County0.57%$$193$1,800/yr
Burke County0.68%$$231$1,800/yr
Cabarrus County0.73%$$248$1,800/yr
Caldwell County0.6%$$204$1,800/yr
Camden County0.58%$$197$1,800/yr
Carteret County0.43%$$146$1,800/yr
Caswell County0.69%$$234$1,800/yr
Catawba County0.58%$$197$1,800/yr
Chatham County0.64%$$217$1,800/yr
Cherokee County0.46%$$156$1,800/yr
Chowan County0.71%$$241$1,800/yr
Clay County0.43%$$146$1,800/yr
Cleveland County0.64%$$217$1,800/yr
Columbus County0.77%$$261$1,800/yr
Craven County0.63%$$214$1,800/yr
Cumberland County0.93%$$315$1,800/yr
Currituck County0.46%$$156$1,800/yr
Dare County0.52%$$176$1,800/yr
Davidson County0.6%$$204$1,800/yr
Davie County0.63%$$214$1,800/yr
Duplin County0.69%$$234$1,800/yr
Edgecombe County1.04%$$353$1,800/yr
Franklin County0.65%$$220$1,800/yr
Gaston County0.75%$$254$1,800/yr
Gates County0.76%$$258$1,800/yr
Graham County0.57%$$193$1,800/yr
Granville County0.67%$$227$1,800/yr
Greene County0.89%$$302$1,800/yr
Halifax County1.15%$$390$1,800/yr
Harnett County0.69%$$234$1,800/yr
Haywood County0.57%$$193$1,800/yr
Henderson County0.52%$$176$1,800/yr
Hertford County0.98%$$332$1,800/yr
Hoke County0.67%$$227$1,800/yr
Hyde County0.79%$$268$1,800/yr
Iredell County0.61%$$207$1,800/yr
Jackson County0.34%$$115$1,800/yr
Johnston County0.62%$$210$1,800/yr
Jones County0.74%$$251$1,800/yr
Lee County0.74%$$251$1,800/yr
Lenoir County0.84%$$285$1,800/yr
Lincoln County0.58%$$197$1,800/yr
Macon County0.43%$$146$1,800/yr
Madison County0.48%$$163$1,800/yr
Martin County1.06%$$360$1,800/yr
McDowell County0.53%$$180$1,800/yr
Mitchell County0.52%$$176$1,800/yr
Montgomery County0.64%$$217$1,800/yr
Moore County0.53%$$180$1,800/yr
Nash County0.71%$$241$1,800/yr
New Hanover County0.54%$$183$1,800/yr
Northampton County1.08%$$366$1,800/yr
Onslow County0.64%$$217$1,800/yr
Orange County0.91%$$309$1,800/yr
Pamlico County0.56%$$190$1,800/yr
Pasquotank County0.67%$$227$1,800/yr
Pender County0.63%$$214$1,800/yr
Perquimans County0.59%$$200$1,800/yr
Person County0.62%$$210$1,800/yr
Pitt County0.83%$$282$1,800/yr
Polk County0.54%$$183$1,800/yr
Randolph County0.67%$$227$1,800/yr
Richmond County0.89%$$302$1,800/yr
Robeson County0.87%$$295$1,800/yr
Rockingham County0.75%$$254$1,800/yr
Rowan County0.65%$$220$1,800/yr
Rutherford County0.58%$$197$1,800/yr
Sampson County0.75%$$254$1,800/yr
Scotland County0.93%$$315$1,800/yr
Stanly County0.57%$$193$1,800/yr
Stokes County0.6%$$204$1,800/yr
Surry County0.6%$$204$1,800/yr
Swain County0.41%$$139$1,800/yr
Transylvania County0.45%$$153$1,800/yr
Tyrrell County0.81%$$275$1,800/yr
Union County0.57%$$193$1,800/yr
Vance County0.78%$$265$1,800/yr
Warren County0.71%$$241$1,800/yr
Washington County0.99%$$336$1,800/yr
Watauga County0.39%$$132$1,800/yr
Wayne County0.7%$$237$1,800/yr
Wilkes County0.59%$$200$1,800/yr
Wilson County0.79%$$268$1,800/yr
Yadkin County0.67%$$227$1,800/yr
Yancey County0.48%$$163$1,800/yr
North Carolina state average0.66%$$224$1,800/yr
Monthly tax is estimated on a $407,000 home — the price in the calculator above. Effective rates — U.S. Census Bureau, ACS 2024 (5-yr).

† Rates marked with ≥ are conservative estimates. ACS suppresses median tax values above $10,001 for privacy, which makes the calculated rate a lower bound — the true rate is higher in Manhattan, parts of Long Island, northern New Jersey and other high-cost areas.

How North Carolina compares

North Carolina's statewide average effective rate is 0.66% — the 36th highest of the 51 covered here (the 50 states and DC), against a median of 0.8%. On the $407,000 home the calculator starts with, that is about $224 a month in property tax before any other cost. Property taxes by state ranks all 51 with median bills attached.

A state average hides the part that changes the bill. The county rows above run from 0.34% in Jackson County to 1.15% in Halifax County — roughly $275 a month apart on the same $407,000 home. That is why the county picker moves the payment more than the state picker does.

Insurance is the other line that follows the address: this page prices $1,800 a year as a state-level estimate, and home insurance by state covers how premiums are set and where they run highest. Below 20% down, PMI adds a third variable until the balance is back to 80% of the value.

The states nearest North Carolina in the ranking are New Mexico (0.7%) and Washington DC (0.58%).

North Carolina mortgage FAQ

How much down payment do I need to buy a house in North Carolina?

Conventional loans start at 3% down, but anything under 20% requires PMI until you reach 20% equity — PMI auto-cancels at 78% of the original home value under the Homeowners Protection Act. FHA loans start at 3.5% down, and VA / USDA loans offer 0% down for eligible borrowers. Those are the national minimums: a lender can set a higher floor for this state or for a given loan size.

Why do property taxes vary so much within North Carolina?

Property taxes are layered by county, city and school district, so the effective rate differs block by block. The North Carolina state average is about 0.66%, but counties in our table above range widely — always confirm the exact bill with the local County Assessor.

When does PMI go away?

Under the Homeowners Protection Act (1998) you can request PMI removal at 80% LTV, and lenders must automatically cancel it when the balance reaches 78% of the original home value. This calculator estimates that month for you and shows the lower payment after PMI drops.

Does this calculator include home insurance for North Carolina?

Yes. The calculator pre-fills a typical North Carolina premium of about $1,800 per year and updates it when you switch counties. Frequent Atlantic hurricanes mean coastal-county wind is often placed through the state Beach Plan (NCJUA/NCPIUA), with tornado and flood risk inland. Get real quotes before budgeting.

More free mortgage tools

affordability calculator — how much house can I afford →refinance calculator — break-even & savings →closing cost calculator — cash to close by state →
Sources

Freddie MacU.S. Census BureauFannie MaeU.S. Department of Housing and Urban Development (HUD)U.S. Department of Veterans AffairsPrivate mortgage insurersNAICState statutes and departments of revenue

Results are estimates for planning only and are not a loan approval. Property tax rates and insurance premiums vary by county, ZIP code, home age and coverage — confirm with the local County Assessor and insurer quotes. Rate default: Freddie Mac PMMS 30-yr fixed (7.32%, Oct 22 2026); the 20-yr default is an estimate derived from the PMMS 30-yr/15-yr spread (PMMS has no 20-yr series). Conventional credit pricing adds Fannie Mae loan-level price adjustments (effective 2026-10-01) on top of that base, anchored at the 740–759 tier, and PMI comes off a credit × LTV rate card — both are central estimates, not quotes. Loan minimums shown here are the national programs' floor; a lender may set a higher down payment, rate or fee for this state or this loan.