Mortgage on a $150K house in North Carolina
$962 a month with 20% down — $807 principal and interest plus $79 property tax and $75 insurance.
North Carolina's typical property tax is 0.64% of the home's value a year (U.S. average 0.9%), which adds $79 a month on a $150K home. The typical home in North Carolina is worth $332,159, so $150K is 55% below the typical price.
$150K 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 | $30,000 | $120,000 | $807 | $0 | $154 | $962 | $41,200 |
| 10% down | $15,000 | $135,000 | $908 | $56 | $154 | $1,119 | $47,900 |
| 5% down | $7,500 | $142,500 | $959 | $59 | $154 | $1,172 | $50,200 |
| 3.5% down (FHA) | $5,250 | $147,283 | $991 | $66 | $154 | $1,212 | $51,900 |
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 $150K buy a typical home?
In these counties the typical home value is within 15% of $150K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Lenoir County | $150,169 | 0.84% | $988 |
| Sampson County | $152,167 | 0.75% | $976 |
| Bladen County | $152,260 | 0.91% | $996 |
| Scotland County | $144,965 | 0.93% | $998 |
| Anson County | $139,872 | 0.77% | $978 |
| Edgecombe County | $136,679 | 1.04% | $1,013 |
| Robeson County | $136,515 | 0.87% | $991 |
| Jones County | $132,173 | 0.74% | $975 |
| Tyrrell County | $169,026 | 0.81% | $983 |
| Richmond County | $128,738 | 0.89% | $994 |
12 of 100 North Carolina counties tracked by Zillow have a typical home value at or below $150K. See all North Carolina home prices.
Other prices in North Carolina
Frequently asked questions
What is the mortgage on a $150K house in North Carolina?
About $962 a month with 20% down at 7.11%: $807 principal and interest, $79 property tax and $75 insurance.
How much do I need to make to buy a $150K house in North Carolina?
About $41,200 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $150K house in North Carolina?
At North Carolina's typical effective rate of 0.64%, about $953 a year. Rates vary by county and city — see the county pages.