Mortgage on a $450K house in North Carolina
$2,885 a month with 20% down — $2,422 principal and interest plus $238 property tax and $225 insurance.
North Carolina's typical property tax is 0.64% of the home's value a year (U.S. average 0.9%), which adds $238 a month on a $450K home. The typical home in North Carolina is worth $332,159, so $450K is 35% above the typical price.
$450K 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 | $90,000 | $360,000 | $2,422 | $0 | $463 | $2,885 | $123,600 |
| 10% down | $45,000 | $405,000 | $2,724 | $169 | $463 | $3,356 | $143,800 |
| 5% down | $22,500 | $427,500 | $2,876 | $178 | $463 | $3,517 | $150,700 |
| 3.5% down (FHA) | $15,750 | $441,849 | $2,972 | $199 | $463 | $3,635 | $155,800 |
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 $450K buy a typical home?
In these counties the typical home value is within 15% of $450K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Jackson County | $447,841 | 0.34% | $2,775 |
| New Hanover County | $445,851 | 0.54% | $2,850 |
| Union County | $444,831 | 0.57% | $2,862 |
| Buncombe County | $440,368 | 0.57% | $2,859 |
| Transylvania County | $462,178 | 0.45% | $2,815 |
| Pender County | $435,927 | 0.63% | $2,883 |
| Carteret County | $469,750 | 0.43% | $2,807 |
| Wake County | $471,020 | 0.71% | $2,912 |
| Henderson County | $422,515 | 0.52% | $2,840 |
| Mecklenburg County | $414,531 | 0.71% | $2,913 |
| Moore County | $410,202 | 0.53% | $2,844 |
| Orange County | $494,660 | 0.91% | $2,986 |
92 of 100 North Carolina counties tracked by Zillow have a typical home value at or below $450K. See all North Carolina home prices.
Other prices in North Carolina
Frequently asked questions
What is the mortgage on a $450K house in North Carolina?
About $2,885 a month with 20% down at 7.11%: $2,422 principal and interest, $238 property tax and $225 insurance.
How much do I need to make to buy a $450K house in North Carolina?
About $123,600 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $450K house in North Carolina?
At North Carolina's typical effective rate of 0.64%, about $2,858 a year. Rates vary by county and city — see the county pages.