Mortgage on a $600K house in North Carolina
$3,847 a month with 20% down — $3,229 principal and interest plus $318 property tax and $300 insurance.
North Carolina's typical property tax is 0.64% of the home's value a year (U.S. average 0.9%), which adds $318 a month on a $600K home. The typical home in North Carolina is worth $332,159, so $600K is 81% above the typical price.
$600K 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 | $120,000 | $480,000 | $3,229 | $0 | $618 | $3,847 | $164,900 |
| 10% down | $60,000 | $540,000 | $3,633 | $225 | $618 | $4,475 | $191,800 |
| 5% down | $30,000 | $570,000 | $3,834 | $238 | $618 | $4,689 | $201,000 |
| 3.5% down (FHA) | $21,000 | $589,133 | $3,963 | $265 | $618 | $4,846 | $207,700 |
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 $600K buy a typical home?
In these counties the typical home value is within 15% of $600K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Dare County | $597,323 | 0.52% | $3,789 |
| Chatham County | $558,465 | 0.64% | $3,848 |
| Currituck County | $543,963 | 0.46% | $3,761 |
100 of 100 North Carolina counties tracked by Zillow have a typical home value at or below $600K. See all North Carolina home prices.
Other prices in North Carolina
Frequently asked questions
What is the mortgage on a $600K house in North Carolina?
About $3,847 a month with 20% down at 7.11%: $3,229 principal and interest, $318 property tax and $300 insurance.
How much do I need to make to buy a $600K house in North Carolina?
About $164,900 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $600K house in North Carolina?
At North Carolina's typical effective rate of 0.64%, about $3,810 a year. Rates vary by county and city — see the county pages.