North Carolina mortgage calculator

Use our free mortgage calculator to estimate your monthly mortgage payment, your principal and interest, taxes, insurance, and PMI in North Carolina. See how your monthly payment changes by making updates to your home price, down payment, interest rate, and loan term.

North Carolina housing market

North Carolina, the Tar Heel State, saw home values rise by 8.6% last year. North C...arolina is still relatively affordable at the 20th most affordable in the country, but it has increasingly become home to technology and other companies looking to diversify their workforce. Home to the Research Triangle and the Outer Banks, North Carolina is also the home to the University of North Carolina, where Michael Jordan launched his basketball career.

Your monthly payment
30 year fixed loan term
Monthly payment
Principal & interest


Property taxes

Homeowners insurance

Homeowners association (HOA) fees

Compare common loan types
Total principal: $240,000
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,599$2,009$1,449
Mortgage Rate4.125%2.259%*3.009%*
Total interest paid
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,599$2,009$1,449
Mortgage Rate4.125%2.259%*3.009%*
Total interest paid

See how your payments change over time for your 30 year fixed loan term

At year 0

30 year fixed loan term

Principal Paid
Interest Paid
Year 0
drag me

We’ll share an interesting insight here for key milestones in your payoff schedule.

Refine Results
See latest mortgage rates
Get personalized mortgage rates from San Francisco, CA.
Principal & interest


Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

North Carolina mortgage and refinance rates today (APR)

ProductInterest rateAPR
30-year fixed-rate2.896%2.951%
20-year fixed-rate2.627%2.699%
15-year fixed-rate2.107%2.204%
10-year fixed-rate2.069%2.188%
7/1 ARM2.517%3.123%
5/1 ARM2.454%3.208%
30-year fixed-rate FHA2.312%2.965%
30-year fixed-rate VA2.467%2.730%

Data source: ©Zillow, Inc. 2006 – 2021. Use is subject to the Terms of Use

Today's rate

30-year fixed

Today’s mortgage rates in North Carolina are 2.951% for a 30-year fixed, 2.204% for a 15-year fixed, and 3.208% for a 5/1 adjustable-rate mortgage (ARM).

Getting ready to buy a home? We’ll find you a highly rated lender in just a few minutes.

Enter your ZIP code to get started on a personalized lender match.


North Carolina's first-time home buyer programs

The North Carolina Housing Finance Agency has a program called North Carolina Home Advantage Program which offers affordable, fixed-rate loans with down payment assistance of up to 5% of the loan amount. For homeowners who stay in the home long enough, they don't have to pay back the down payment assistance.

NC Home Advantage Mortgage

State program

Best for

Down payment assistance

What you need to know

All loans under the NC Home Advantage program are 30-year fixed-rate mortgages. The minimum credit score to buy a manufactured home is 660; it’s 640 for other types of homes. Down payment assistance is available to qualified buyers who meet income guidelines, whether they are first-time or repeat...

See full article

North Carolina's best mortgage lenders

NerdWallet has done the work for you to pick the best financing partner for you in North Carolina.

See full article

Average property tax in North Carolina counties

Taking U.S. Census data, NerdWallet has crunched the numbers to help you understand what property tax rate you can expect to pay on your future home in North Carolina. Because assessed values aren’t frequently updated, you may pay a higher rate at first but eventually you’ll pay a similar rate.

Avg. property tax rate
Avg. home value
Alamance County0.8%$153,800
Alexander County0.68%$131,800
Alleghany County0.52%$136,000
Anson County0.78%$83,700
Ashe County0.48%$150,300
Avery County0.48%$138,800
Beaufort County0.73%$123,600
Bertie County0.69%$78,900
Bladen County0.88%$89,500
Brunswick County0.59%$214,300
Buncombe County0.71%$240,100
Burke County0.79%$125,100
Cabarrus County0.92%$208,000
Caldwell County0.75%$119,800
Camden County0.7%$222,500
Carteret County0.56%$204,500
Caswell County0.67%$104,700
Catawba County0.74%$143,200
Chatham County0.75%$277,400
Cherokee County0.54%$145,500
Chowan County0.81%$128,300
Clay County0.36%$154,600
Cleveland County0.78%$112,500
Columbus County0.96%$85,200
Craven County0.71%$159,600
Cumberland County1.07%$136,500
Currituck County0.5%$244,500
Dare County0.6%$285,000
Davidson County0.67%$140,000
Davie County0.74%$170,000
Duplin County0.79%$88,800
Durham County1.16%$227,200
Edgecombe County1.01%$84,000
Forsyth County0.97%$156,500
Franklin County0.87%$158,100
Gaston County1.01%$141,400
Gates County0.74%$142,500
Graham County0.49%$124,800
Granville County0.93%$146,100
Greene County0.94%$85,700
Guilford County1.05%$164,500
Halifax County1.04%$86,500
Harnett County0.85%$150,700
Haywood County0.6%$175,900
Henderson County0.61%$211,400
Hertford County1.02%$86,800
Hoke County0.83%$137,700
Hyde County0.74%$81,000
Iredell County0.66%$185,000
Jackson County0.42%$177,200
Johnston County0.85%$159,300
Jones County0.69%$92,700
Lee County1.03%$138,400
Lenoir County0.96%$93,500
Lincoln County0.74%$168,200
Macon County0.47%$162,000
Madison County0.61%$172,200
Martin County0.95%$83,100
McDowell County0.56%$110,400
Mecklenburg County1.03%$234,100
Mitchell County0.58%$140,600
Montgomery County0.68%$105,900
Moore County0.7%$233,800
Nash County0.84%$131,700
New Hanover County0.74%$242,600
Northampton County1.07%$81,900
Onslow County0.75%$158,600
Orange County1.25%$279,700
Pamlico County0.62%$150,600
Pasquotank County0.87%$158,900
Pender County0.75%$167,200
Perquimans County0.64%$165,500
Person County0.75%$118,500
Pitt County0.93%$150,800
Polk County0.59%$205,500
Randolph County0.8%$124,700
Richmond County0.84%$80,000
Robeson County0.88%$77,100
Rockingham County0.87%$118,800
Rowan County0.8%$130,000
Rutherford County0.72%$124,500
Sampson County0.91%$87,700
Scotland County1.14%$85,200
Stanly County0.8%$133,000
Stokes County0.71%$123,900
Surry County0.68%$125,300
Swain County0.32%$122,300
Transylvania County0.45%$202,100
Tyrrell County0.9%$113,100
Union County0.77%$232,300
Vance County0.91%$95,500
Wake County0.87%$276,000
Warren County0.72%$93,900
Washington County0.95%$86,000
Watauga County0.44%$240,700
Wayne County0.8%$117,600
Wilkes County0.76%$135,400
Wilson County1.02%$123,300
Yadkin County0.66%$127,300
Yancey County0.54%$139,800

Source: American Communities Survey 2016, U.S. Census

Under "Home price," enter the price (if you're buying) or the current value (if you're refinancing). NerdWallet also has a .

Under "Down payment," enter the amount of your down payment (if you’re buying) or the amount of equity you have (if refinancing). A  is the cash you pay upfront for a home, and  is the value of the home, minus what you owe.

On desktop, under "Interest rate" (to the right), enter the rate. Under "Loan term," click the plus and minus signs to adjust the length of the mortgage in years.

On mobile devices, tap "Refine Results" to find the field to enter the rate and use the plus and minus signs to select the "Loan term."

You may enter your own figures for  and , if you don’t wish to use NerdWallet’s estimates. Edit these figures by clicking on the amount currently displayed.

The mortgage calculator lets you click "Compare common loan types" to view a comparison of different loan terms. Click "Amortization" to see how the principal balance, principal paid (equity) and total interest paid change year by year. On mobile devices, scroll down to see "Amortization."

» MORE: 

The mortgage payment calculation looks like this: M = P [ i(1 + i)^n ] / [ (1 + i)^n – 1]

The variables are as follows:

Determining what your monthly house payment will be is an important part of figuring out how much house you can afford. That monthly payment is likely to be the biggest part of your cost of living.

Using NerdWallet’s mortgage calculator lets you estimate your mortgage payment when you buy a home or refinance. You can change loan details in the calculator to run scenarios. The calculator can help you decide:

Mortgage lenders are required to assess your ability to repay the amount you want to borrow. A lot of factors go into that assessment, and the main one is debt-to-income ratio.

Your  is the percentage of pretax income that goes toward monthly debt payments, including the mortgage, car payments, student loans, minimum credit card payments and child support. Lenders look most favorably on debt-to-income ratios of 36% or less — or a maximum of $1,800 a month on an income of $5,000 a month before taxes.

» MORE: 

If your mortgage payment included just principal and interest, you could use a bare-bones mortgage calculator. But most mortgage payments include other charges as well. Here are the key components of the monthly mortgage payment:

Typically, when you belong to a homeowners association, the dues are billed directly, and it's not added to the monthly mortgage payment. Because HOA dues can be easy to forget, they're included in NerdWallet's mortgage calculator.

The mortgage calculator lets you test scenarios to see how you can reduce the monthly payments:

Your monthly payment can go up over time if: