Mortgage on a $300K house in North Carolina
$1,923 a month with 20% down — $1,614 principal and interest plus $159 property tax and $150 insurance.
North Carolina's typical property tax is 0.64% of the home's value a year (U.S. average 0.9%), which adds $159 a month on a $300K home. The typical home in North Carolina is worth $332,159, so $300K is 10% below the typical price.
$300K 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 | $60,000 | $240,000 | $1,614 | $0 | $309 | $1,923 | $82,400 |
| 10% down | $30,000 | $270,000 | $1,816 | $113 | $309 | $2,238 | $95,900 |
| 5% down | $15,000 | $285,000 | $1,917 | $119 | $309 | $2,345 | $100,500 |
| 3.5% down (FHA) | $10,500 | $294,566 | $1,982 | $133 | $309 | $2,423 | $103,800 |
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 $300K buy a typical home?
In these counties the typical home value is within 15% of $300K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Stanly County | $302,546 | 0.57% | $1,907 |
| Gaston County | $295,114 | 0.75% | $1,951 |
| Polk County | $306,649 | 0.54% | $1,899 |
| Harnett County | $292,371 | 0.69% | $1,936 |
| Catawba County | $291,519 | 0.58% | $1,910 |
| Alamance County | $290,921 | 0.62% | $1,919 |
| Onslow County | $290,604 | 0.64% | $1,923 |
| Lee County | $287,872 | 0.74% | $1,950 |
| Yancey County | $313,735 | 0.48% | $1,883 |
| Perquimans County | $284,977 | 0.59% | $1,913 |
| Granville County | $315,433 | 0.67% | $1,932 |
| Pamlico County | $282,239 | 0.56% | $1,905 |
64 of 100 North Carolina counties tracked by Zillow have a typical home value at or below $300K. See all North Carolina home prices.
Other prices in North Carolina
Frequently asked questions
What is the mortgage on a $300K house in North Carolina?
About $1,923 a month with 20% down at 7.11%: $1,614 principal and interest, $159 property tax and $150 insurance.
How much do I need to make to buy a $300K house in North Carolina?
About $82,400 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $300K house in North Carolina?
At North Carolina's typical effective rate of 0.64%, about $1,905 a year. Rates vary by county and city — see the county pages.