Mortgage on a $100K house in North Carolina
$641 a month with 20% down — $538 principal and interest plus $53 property tax and $50 insurance.
North Carolina's typical property tax is 0.64% of the home's value a year (U.S. average 0.9%), which adds $53 a month on a $100K home. The typical home in North Carolina is worth $332,159, so $100K is 70% below the typical price.
$100K home in North Carolina: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $20,000 | $80,000 | $538 | $0 | $103 | $641 | $27,500 |
| 10% down | $10,000 | $90,000 | $605 | $38 | $103 | $746 | $32,000 |
| 5% down | $5,000 | $95,000 | $639 | $40 | $103 | $782 | $33,500 |
| 3.5% down (FHA) | $3,500 | $98,189 | $661 | $44 | $103 | $808 | $34,600 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.64% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Where in North Carolina does $100K buy a typical home?
In these counties the typical home value is within 15% of $100K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Northampton County | $107,797 | 1.08% | $678 |
| Washington County | $111,908 | 0.99% | $671 |
| Hertford County | $113,703 | 0.98% | $670 |
1 of 100 North Carolina counties tracked by Zillow have a typical home value at or below $100K. See all North Carolina home prices.
Other prices in North Carolina
Frequently asked questions
What is the mortgage on a $100K house in North Carolina?
About $641 a month with 20% down at 7.11%: $538 principal and interest, $53 property tax and $50 insurance.
How much do I need to make to buy a $100K house in North Carolina?
About $27,500 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $100K house in North Carolina?
At North Carolina's typical effective rate of 0.64%, about $635 a year. Rates vary by county and city — see the county pages.