Calculate Your North Carolina Mortgage Payment
Our calculator is pre-filled with North Carolina's median home price and property tax rate. Adjust the numbers to match your situation.
Open Calculator with NC DefaultsMonthly Payment Breakdown for North Carolina
Here's what your monthly payment looks like on the median North Carolina home ($340,430) with 20% down at 6.67%, the current average 30-year rate:
Note: This estimate assumes 20% down payment ($68,086), no PMI. With less than 20% down, add $113-$227/month for PMI.
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North Carolina Property Taxes
North Carolina's effective property tax rate is 0.62%, which is below the national average of 0.89%. See how property taxes are calculated and how they compare across states.
Annual Property Tax on $340,430 Home
$2,111
($176/month escrowed)
Property Tax Rates by County
Property tax rates in North Carolina vary significantly by county, from 0.37% to 1.21%:
Lowest Rates
Highest Rates
Buying a Home in North Carolina: Key Facts
- Most affordable of the top 5 high-volume states
- Property taxes near national average (0.62% vs 0.89%)
- Strong job growth in Research Triangle (Raleigh-Durham)
- On a $378,000 home, expect ~$2,344/year in property taxes
Mortgage Calculators for Nearby States
Comparing homes across state lines? Check property taxes and home prices in neighboring states:
North Carolina First-Time Homebuyer Programs
North Carolina has 52 homebuyer assistance programs that can help with down payment and closing costs.
NC Home Advantage Mortgage
Up to 5% of loan amount for down payment
0% interest deferred second mortgageNC 1st Home Advantage Down Payment
$8,000 in down payment assistance
0% interest, forgiven after 15 yearsCommunity Partners Loan Pool
Up to $10,000 for down payment and closing costs
Deferred, forgivable loanEligibility requirements typically include income limits, credit score minimums (usually 620+), and homebuyer education courses. Visit DownPaymentResource.com to search for programs you may qualify for.
Official resource: North Carolina Housing Finance Agency. Visit for the latest program details, eligibility requirements, and application information.
Home Prices by City in North Carolina
Home prices and property taxes can vary significantly by city. The median home value of $340,430 is a statewide estimate.
| City | Median Home Price | Est. Monthly Payment* |
|---|---|---|
| Charlotte | $556,000 | $3,348/mo |
| Raleigh | $582,000 | $3,496/mo |
| Durham | $543,000 | $3,275/mo |
| Greensboro | $378,000 | $2,340/mo |
| Winston-Salem | $352,000 | $2,194/mo |
*20% down, 6.67% rate, 30-year fixed, includes property tax and insurance estimate.
North Carolina Mortgage FAQ
What is the property tax rate in North Carolina?
The average effective property tax rate in North Carolina is 0.62%. On a $340,430 home, that's approximately $2,111 per year or $176 per month added to your mortgage payment.
What is the median home value in North Carolina?
The median home value in North Carolina is $340,430 as of 2026-06-01. Prices vary by location - Charlotte and Raleigh typically have higher prices than rural areas.
Are there first-time homebuyer programs in North Carolina?
Yes, North Carolina has 52 homebuyer assistance programs. Popular options include NC Home Advantage Mortgage, which offers up to 5% of loan amount for down payment.
How much do I need to buy a house in North Carolina?
For the median North Carolina home ($340,430), you'd need $68,086 for a 20% down payment, plus $10,213-$17,022 for closing costs. With down payment assistance, you could potentially buy with as little as $11,915 (3.5% FHA down payment).
What is the NC Home Advantage Mortgage program?
The NC Home Advantage Mortgage offers qualified buyers stable, fixed-rate mortgages with down payment assistance up to 3% of the loan amount. First-time buyers and military veterans may qualify for the NC 1st Home Advantage program with up to $15,000 in down payment assistance, forgiven after 15 years if you remain in the home.
What are the 2026 conforming loan limits in North Carolina?
For 2026, the conforming loan limit in North Carolina is $832,750 for single-family homes, up from $806,500 in 2025. This limit applies uniformly across all 100 counties, as North Carolina is a baseline-limit state with no designated high-cost areas.
How do property taxes vary across North Carolina counties?
Property tax rates in North Carolina vary significantly, ranging from 0.37% in Jackson County to 1.21% in Northampton County. This means annual property taxes on a $400,000 home could range from $1,480 to $4,840 depending on location. The Research Triangle area (Wake, Durham counties) falls in the moderate range.
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