Mortgage on a $650K house in North Carolina
$4,167 a month with 20% down — $3,498 principal and interest plus $344 property tax and $325 insurance.
North Carolina's typical property tax is 0.64% of the home's value a year (U.S. average 0.9%), which adds $344 a month on a $650K home. The typical home in North Carolina is worth $332,159, so $650K is 96% above the typical price.
$650K 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 | $130,000 | $520,000 | $3,498 | $0 | $669 | $4,167 | $178,600 |
| 10% down | $65,000 | $585,000 | $3,935 | $244 | $669 | $4,848 | $207,800 |
| 5% down | $32,500 | $617,500 | $4,154 | $257 | $669 | $5,080 | $217,700 |
| 3.5% down (FHA) | $22,750 | $638,227 | $4,293 | $287 | $669 | $5,250 | $225,000 |
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 $650K buy a typical home?
In these counties the typical home value is within 15% of $650K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Dare County | $597,323 | 0.52% | $4,104 |
| Chatham County | $558,465 | 0.64% | $4,169 |
100 of 100 North Carolina counties tracked by Zillow have a typical home value at or below $650K. See all North Carolina home prices.
Other prices in North Carolina
Frequently asked questions
What is the mortgage on a $650K house in North Carolina?
About $4,167 a month with 20% down at 7.11%: $3,498 principal and interest, $344 property tax and $325 insurance.
How much do I need to make to buy a $650K house in North Carolina?
About $178,600 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $650K house in North Carolina?
At North Carolina's typical effective rate of 0.64%, about $4,128 a year. Rates vary by county and city — see the county pages.