Mortgage on a $850K house in North Carolina
$5,449 a month with 20% down — $4,574 principal and interest plus $450 property tax and $425 insurance.
North Carolina's typical property tax is 0.64% of the home's value a year (U.S. average 0.9%), which adds $450 a month on a $850K home. The typical home in North Carolina is worth $332,159, so $850K is 156% above the typical price.
$850K 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 | $170,000 | $680,000 | $4,574 | $0 | $875 | $5,449 | $233,500 |
| 10% down | $85,000 | $765,000 | $5,146 | $319 | $875 | $6,340 | $271,700 |
| 5% down | $42,500 | $807,500 | $5,432 | $336 | $875 | $6,643 | $284,700 |
| 3.5% down (FHA) | $29,750 | $834,604 | $5,614 | $376 | $875 | $6,865 | $294,200 |
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 $850K buy a typical home?
No North Carolina county has a typical home value within 15% of $850K.
100 of 100 North Carolina counties tracked by Zillow have a typical home value at or below $850K. See all North Carolina home prices.
Other prices in North Carolina
Frequently asked questions
What is the mortgage on a $850K house in North Carolina?
About $5,449 a month with 20% down at 7.11%: $4,574 principal and interest, $450 property tax and $425 insurance.
How much do I need to make to buy a $850K house in North Carolina?
About $233,500 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $850K house in North Carolina?
At North Carolina's typical effective rate of 0.64%, about $5,398 a year. Rates vary by county and city — see the county pages.