Mortgage on a $900K house in North Carolina
$5,770 a month with 20% down — $4,843 principal and interest plus $476 property tax and $450 insurance.
North Carolina's typical property tax is 0.64% of the home's value a year (U.S. average 0.9%), which adds $476 a month on a $900K home. The typical home in North Carolina is worth $332,159, so $900K is 171% above the typical price.
$900K 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 | $180,000 | $720,000 | $4,843 | $0 | $926 | $5,770 | $247,300 |
| 10% down | $90,000 | $810,000 | $5,449 | $338 | $926 | $6,713 | $287,700 |
| 5% down | $45,000 | $855,000 | $5,752 | $356 | $926 | $7,034 | $301,500 |
| 3.5% down (FHA) | $31,500 | $883,699 | $5,945 | $398 | $926 | $7,269 | $311,500 |
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 $900K buy a typical home?
No North Carolina county has a typical home value within 15% of $900K.
100 of 100 North Carolina counties tracked by Zillow have a typical home value at or below $900K. See all North Carolina home prices.
Other prices in North Carolina
Frequently asked questions
What is the mortgage on a $900K house in North Carolina?
About $5,770 a month with 20% down at 7.11%: $4,843 principal and interest, $476 property tax and $450 insurance.
How much do I need to make to buy a $900K house in North Carolina?
About $247,300 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $900K house in North Carolina?
At North Carolina's typical effective rate of 0.64%, about $5,716 a year. Rates vary by county and city — see the county pages.