North Carolina Mortgage Calculator (2026)
Calculate your monthly payment with North Carolina-specific property tax (0.84%) and average insurance ($1,430/yr).
Monthly payment
Payment breakdown
Loan summary
Amortization schedule (first 12 + every 12 months)
| Month | Principal | Interest | PMI/MIP | Balance |
|---|---|---|---|---|
| 1 | $250.83 | $1,785.00 | $127.50 | $305,749 |
| 2 | $252.29 | $1,783.54 | $127.50 | $305,497 |
| 3 | $253.76 | $1,782.07 | $127.50 | $305,243 |
| 4 | $255.24 | $1,780.58 | $127.50 | $304,988 |
| 5 | $256.73 | $1,779.10 | $127.50 | $304,731 |
| 6 | $258.23 | $1,777.60 | $127.50 | $304,473 |
| 7 | $259.73 | $1,776.09 | $127.50 | $304,213 |
| 8 | $261.25 | $1,774.58 | $127.50 | $303,952 |
| 9 | $262.77 | $1,773.05 | $127.50 | $303,689 |
| 10 | $264.31 | $1,771.52 | $127.50 | $303,425 |
| 11 | $265.85 | $1,769.98 | $127.50 | $303,159 |
| 12 | $267.40 | $1,768.43 | $127.50 | $302,892 |
| 24 | $286.73 | $1,749.10 | $127.50 | $299,559 |
| 36 | $307.46 | $1,728.37 | $127.50 | $295,985 |
| 48 | $329.68 | $1,706.14 | $127.50 | $292,152 |
| 60 | $353.51 | $1,682.31 | $127.50 | $288,043 |
| 72 | $379.07 | $1,656.76 | $127.50 | $283,636 |
| 84 | $406.47 | $1,629.35 | $127.50 | $278,911 |
| 96 | $435.86 | $1,599.97 | $127.50 | $273,844 |
| 108 | $467.37 | $1,568.46 | $127.50 | $268,412 |
| 120 | $501.15 | $1,534.67 | — | $262,586 |
| 132 | $537.38 | $1,498.45 | — | $256,339 |
| 144 | $576.23 | $1,459.60 | — | $249,641 |
| 156 | $617.88 | $1,417.94 | — | $242,458 |
| 168 | $662.55 | $1,373.28 | — | $234,756 |
| 180 | $710.44 | $1,325.38 | — | $226,498 |
| 192 | $761.80 | $1,274.02 | — | $217,642 |
| 204 | $816.87 | $1,218.95 | — | $208,146 |
| 216 | $875.93 | $1,159.90 | — | $197,964 |
| 228 | $939.25 | $1,096.58 | — | $187,046 |
| 240 | $1,007.14 | $1,028.68 | — | $175,338 |
| 252 | $1,079.95 | $955.87 | — | $162,784 |
| 264 | $1,158.02 | $877.81 | — | $149,323 |
| 276 | $1,241.73 | $794.09 | — | $134,888 |
| 288 | $1,331.50 | $704.33 | — | $119,410 |
| 300 | $1,427.75 | $608.07 | — | $102,813 |
| 312 | $1,530.97 | $504.86 | — | $85,016 |
| 324 | $1,641.64 | $394.19 | — | $65,933 |
| 336 | $1,760.31 | $275.51 | — | $45,470 |
| 348 | $1,887.57 | $148.26 | — | $23,528 |
| 360 | $2,024.02 | $11.81 | — | $0 |
What the payment actually costs
North Carolina property tax averages 0.84% of value — 32nd highest of 51 states, against a national average near 1.10%. On a $400,000 home that is about $3,360 a year, or $280 a month added to principal and interest.
Homeowners insurance runs about $1,430 a year in North Carolina, 27th of 51 states and below the $1,552 national average. Together, tax and insurance add roughly $399 a month to the payment before you have paid a dollar of principal.
How this fits the rest of your tax bill
North Carolina taxes both income and property, so neither side offsets the other. Property tax at 0.84% ranks 32nd of 51, and state income tax applies on top. Model both together when comparing against a no-income-tax state, because the comparison flips depending on how much house you buy relative to what you earn.
Housing costs compound with the rate. North Carolina runs about 6% below national-average costs, so the same 0.84% rate applies to a smaller assessed value than it would elsewhere. A percentage rate is only half the number that matters; the base it applies to is the other half.
Property tax rates are effective statewide averages; your county assessor sets the actual figure and it varies widely within a state. See our methodology.