Mortgage on a $800K house in North Carolina
$5,129 a month with 20% down — $4,305 principal and interest plus $423 property tax and $400 insurance.
North Carolina's typical property tax is 0.64% of the home's value a year (U.S. average 0.9%), which adds $423 a month on a $800K home. The typical home in North Carolina is worth $332,159, so $800K is 141% above the typical price.
$800K 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 | $160,000 | $640,000 | $4,305 | $0 | $823 | $5,129 | $219,800 |
| 10% down | $80,000 | $720,000 | $4,843 | $300 | $823 | $5,967 | $255,700 |
| 5% down | $40,000 | $760,000 | $5,113 | $317 | $823 | $6,253 | $268,000 |
| 3.5% down (FHA) | $28,000 | $785,510 | $5,284 | $354 | $823 | $6,461 | $276,900 |
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 $800K buy a typical home?
No North Carolina county has a typical home value within 15% of $800K.
100 of 100 North Carolina counties tracked by Zillow have a typical home value at or below $800K. See all North Carolina home prices.
Other prices in North Carolina
Frequently asked questions
What is the mortgage on a $800K house in North Carolina?
About $5,129 a month with 20% down at 7.11%: $4,305 principal and interest, $423 property tax and $400 insurance.
How much do I need to make to buy a $800K house in North Carolina?
About $219,800 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $800K house in North Carolina?
At North Carolina's typical effective rate of 0.64%, about $5,081 a year. Rates vary by county and city — see the county pages.